Financial Services
Take market volatility and shifting regulations, add online banking, mobile banking, and new banking software and business intelligence tools, and you have the current era of great pressure and great opportunity in financial services.
Regulators want more transparency and better risk management. Clients expect full mobile banking with social-networking options. Shareholders demand more efficiency and lower costs.
The Revere Group has the knowledge and expertise in banking technology and business analytics to help credit unions, insurance companies, broker/dealers, asset managers, and even good old-fashioned banks turn these challenges into breakthroughs.
Interactive banking: Traditional banking fees are being reduced or eliminated by regulatory changes and shifts in the marketplace, so banks and credit unions face new pressures to cross-sell and attract new customers. New banking technology, especially the exciting advances in data analytics and interactive banking, can help you make that happen. We're experts at combining front-end design with back-end functionality. We can help you create and execute the interactive strategy that's a perfect match for your business goals.
Next-generation websites: Many banking websites just focus on enabling customer transactions. This narrow focus misses powerful cross-selling opportunities. Revere helps financial institutions engage customers and match their banking needs with the institution’s full range of services.
Mobile banking: In today's market, mobile banking is no longer an add-on to your web strategy; it's a cost of doing business. Revere works with financial institutions to create mobile banking software and applications that do more than offer a slimmed-down version of the full website -- they unlock the power of mobile devices with features like real-time transaction verification.
Social media: Reaching out to customers through social media like Facebook and Twitter can be exciting and daunting for financial institutions. In a highly-regulated world, how can you create a controlled environment that doesn't stifle interaction? Revere knows. We can help you build a social media strategy that engages customers where they live today while navigating all regulatory requirements.
Data architecture: Financial institutions count on consistent data to manage risk, meet reporting requirements and capture market share. Information trapped in corporate silos can lead to regulatory fines, wasted capital and missed cross-selling opportunities.
Revere helps financial institutions create data warehouses and data stores that prevent those data disconnects. We develop data-analytics systems that provide real-time (not batch) reporting throughout the financial supply chain. Our data-aggregation and data normalization solutions help you cross-sell by collecting vital information for each customer from across all interactive channels and backend systems.
Business data analytics: Financial institutions collect vast amounts of data, but don't always turn that data into reliable knowledge. Revere’s business analytics experts can show you how to deliver the right information to the right person at the right time. We can install banking technology like scorecards, dashboards and business intelligence tools that assess risk and identify each customer's potential needs. With our deep expertise in the full range of business analytics applications, including Microsoft, Cognos and Business Objects, we'll deliver the best data analytics technology for your specific business needs.
IT strategy & application portfolio management: Recent financial crises have created a fresh focus on operational efficiency. Revere can evaluate your IT strategy, banking software, and application portfolio, then show you cost-effective solutions to streamline your overall data architecture. Our senior consultants, many with C-level experience in the financial services industry, have helped many clients align their banking software and IT resources with their overall business strategy. Revere’s growing set of strategic partners also bring "best of breed" banking technology to institutions of all sizes.
M&A support and program management: Every business merger creates a powerful chance to boost efficiency and enter new markets. That's why mergers exist. But how well you grasp that powerful chance depends on your ability to manage the cultural merger of two different corporations. Revere understands how to manage the special challenges created by financial institution mergers, ventures, and internal initiatives. Whether it means teaching employees to use new systems, or showing executives how to structure effective retention bonuses, Revere’s practical and hands-on approach to managing change ensures a successful transition on all levels.