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BANKING

The long-term opportunity for banks is to repoint key operational, risk and finance systems to blockchain-based, shared data platforms.

This would enable decommissioning of large parts of their process and data infrastructure. While getting to this end-state will take time and multiple iterations, significant potential for cost and efficiency gains should continue to fuel interest and investment.

Although there have been some estimates of the value blockchain could create, we believe capital markets leaders need a more detailed impact analysis to assess the business case for blockchain.

This is especially critical for C-suite executives under pressure to constantly evaluate the potential of multiple emerging technologies.

With legacy systems to consider, regulation to comply with and stakeholders to convince, how can you be sure that backing blockchain will deliver the competitive advantage and shareholder value you need?

To fully understand the operational impact of blockchain, we conducted a study in conjunction with McLagan. A world-class capital markets benchmarking provider, McLagan performs comprehensive financial benchmarking of the largest banks every year.

It uses granular cost data sourced directly from the general ledgers of participating banks. In this study, we mapped McLagan’s aggregated operational cost data from eight of the world’s largest investment banks (based on revenues) against our proprietary Accenture High Performance Investment Bank model.

This gave us visibility into where blockchain is likely to have the most impact across the entire spectrum of front-to-back processes and operating metrics of an investment bank

 

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