Cards and payments companies are being forced to reevaluate traditional business models and increasingly find themselves competing on price and service—against both traditional and nontraditional players.

Our practice assists cards and payments executives as they focus on:

• Evolving regulatory environment
• New, innovative, alternative payment mechanisms
• Monetizing data in the payments industry

We bring deep market expertise along with information management, process improvement, program management, and execution capabilities. EMC Consulting helps companies with strategic, process-driven, or technological change, building long-term value for clients.

Already one of the most heavily regulated industries, with eroding industry margins over the last decade, the Capital Markets industry came under further scrutiny during the 2008–2009 financial markets collapse. Institutions now must respond to new regulations, including the Dodd-Frank Act, swaps reporting, and increased capital requirements.

EMC Consulting works with leading solution vendors to optimize business processes, enhance operating effectiveness, and drive down costs. Customer demand for direct market access (DMA) platforms, low transaction costs, and complex financial instruments is creating real challenges for established companies.

EMC Consulting helps capital markets institutions:

• Optimize market, reference, and pricing data
• Provide reliable data for enterprise risk and capital adequacy measurements
• Implement enterprise trade surveillance
• Ensure compliance with key regulations such as Dodd-Frank

Amid widespread industry consolidation and regulatory scrutiny, banks are under intensifying pressure to integrate disparate systems and upgrade aging legacy IT. Executives are faced with transforming IT to reduce capital expenditures and improve IT efficiency, which requires radical transformation of the business operational model.

EMC Consulting helps business and IT executives of banking institutions address the myriad of complex and rapidly evolving challenges of commercial and retail banking industries.

With industry expertise and proven methodologies, EMC Consulting helps banks:

• Create consolidated views of customer accounts accessible from any device
• Implement Big Data analytics to improve retail client relationship development and profitability
• Leverage social media and mobile banking to introduce new products
• Ensure regulatory compliance and improve regulatory response trust

Insurance carriers, reinsurers, and brokers face a wide range of opportunities and challenges. Never has there been a greater emphasis on customer centricity and the proliferation and availability of customer data—all having the potential for dramatic improvements in marketing, sales, service, underwriting, and even claims.

This deluge of Big Data already threatens to overwhelm carriers with even more data with not nearly enough real management information or business insights to drive better decision making.

EMC Consulting helps insurance companies:

• Provide personalized pricing for auto insurance
• Improve insurance fraud detection through Big Data analytics
• Leverage new channels and platforms such as mobile devices and social networks
• Transform IT and modernize critical claims applications