Financial Services

BDO experts support the financial services sector with comprehensive expertise in a competitive, regulatory, fintech-driven landscape.

A sector in motion, from operational excellence to blockchain

A lot of challenges, unique growth opportunities and promising future trends and developments are surfacing in the financial sector: 

  • Increasing importance of operational excellence: the financial sector is facing constant pressure to improve operational efficiency in order to reduce costs and increase customer satisfaction. This challenge offers huge potential for project managers of market players in this sector.
  • Growing focus on cyber governance: protecting customer data and financial transactions against cyber threats remains a top priority, taking into account the increasing complexity of cyber attacks. 
  • The focus on regulatory compliance: with ongoing regulatory changes - such as AML-KYC and ESG - organisations in this industry need to make significant efforts to meet regulatory standards and avoid fines and reputational damage .
  • The importance of Risk Management: effective risk management is crucial for protecting financial institutions from unexpected events and maintaining financial stability. 

The financial sector is a sector brimming with opportunities, including:

  • Increasing regulation (both nationally and internationally driven) creates new opportunities to build a sustainable organisational strategy, supported by all stakeholders (from own employees to investors) 
  • The need for external expertise is an ideal breeding ground to raise the knowledge of in-house staff to a higher level: the cooperation of internal and external staff puts leverage under ambitious large projects within market players 
  • The further breakthrough of digital banking - with the rollout of new technologies such as AI, chatbots and apps - is creating new revenue models and additional opportunities for customer experience trajectories 

How BDO can help

To seize new growth opportunities, companies in this sector must: 

  • keep the finger on the pulse of new regulations and legal ground rules, so that a market player is fully regulatory compliant and can outline a future-proof policy.
  • invest in processes and procedures for operational excellence: using lean management to reduce production costs and improve productivity and service quality.
  • invest in expertise for digital transformation processes, including a focus on a solid cybersecurity strategy. 
  • efficiently organise themselves internally to get all departments on the same page towards specific strategic objectives, e.g. risk management.


Financial Services

Why choose BDO

How does BDO make a difference for entrepreneurs operating in the financial sector?

  • Our experts focus on pragmatic solutions that have already proven their (added) value ‘in the field’. At the same time, we offer tailor-made solutions, we brainstorm with customers through active partnership and adjust our advice where necessary. 
  • Of course, our multidisciplinary approach - ranging from risk management, tax advice to digital transformation and sustainability advice - also plays an important role in advising each client from A to Z. 

Get in touch with our Financial Services industry leader

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Steven Cauwenberghs

Steven Cauwenberghs

Partner - Financial Advisory
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