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BANKING

Supporting Retail Banks, Building Societies, Mutuals and Specialist Lenders

Digitisation of personal banking and payments is accelerating

The nature of banking is changing. Global cash use is in rapid decline and a new payments open architecture has the potential to replace traditional card and inter-bank payments. Challenger banks compete with Big Tech and a whole ecosystem of FinTechs. Higher interest rates mean mortgage lenders need more flexibility, but savings propositions are a more attractive prospect.

Savings, loans and payment providers are having to evolve, and fast. Better data analytics to improve propositions and target the right customers, fitting a new agile architecture around core banking platforms to adapt to changing market dynamics, and collaboration with FinTechs to provide a better customer experience. All are vital to competing in this market.

Our in-depth knowledge and suite of industry reference models accelerates our understanding of your business needs, making Altus Consulting your perfect partner to equip you as you transform your organisation to meet these challenges head-on.

 

 

 

Speed and certainty

Speed and certainty of decisioning, combined with building the tools for better relationships with brokers, give specialist lending a significant advantage

Specialist lenders are having to compete in different ways, leveraging agility and operational efficiency to deliver a “dependable execution” model, key to converting new business opportunities

Our highly experienced team of consultants have been working with firms to put in place the right operating models and technology architecture to successfully challenge the status quo of lengthy customer journeys.

By re-imagining broker integration models, improving the underwriting and decisioning process and embedding wrap-around support, our clients can put the customer first through market-leading quote-to-completion times.

Be the next disruptor with Altus Consulting by your side.

An estimated 93% of Brits were using online banking in 2022. In 2023, 24% of Brits have a digital-only bank account compared to only 9% in 2019.

The value of the global banking industry is over $220tn, with the top 10 banks in the world controlling more than 50% of global banking assets

Globally, 1.7 billion adults remain unbanked, yet two-thirds of them own a mobile phone that could help them access financial services. Around one in fifty adults are unbanked.

Why people work with us

851
Capabilities in our Banking industry reference model
100+
Years of real world payments Banking and lending change
16+
Banking industry clients
851
Capabilities in our Banking industry reference model
100+
Years of real world payments Banking and lending change
16+
Banking industry clients
WHY ALTUS

Steve Burnard, Chief Transformation Officer

“The engagement has provided the Society with a solid foundation from which to build and a clear direction of travel from both an IT Infrastructure, but also application level which gives a clear pathway to future success.”
WHY ALTUS

James Dunne, Head of Platform, Santander

“Altus support was invaluable in getting us to market fast. They consistently demonstrated practical expertise in the platform market and guided us through complex decisions swiftly and reliably.”

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Key Contacts

Michael James
Digital Director
Jonathan Harris
Head of Platform & Proposition
Martyn Evans
CEO
Principality
Nationwide
HSBC
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Worldpay
Santander
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