Retail & Small Business Banking

Rethinking banking. Reshaping banks for the AI era.

Digital technologies and artificial intelligence are redefining how people and businesses interact with their banks. Customers increasingly expect personalized, seamless experiences, while banks face growing pressure to accelerate growth, improve productivity, and deliver greater value.

We work hand in hand with retail and small business banks to turn these challenges into opportunities. Combining deep banking expertise with advanced analytics, AI, and agentic AI, we help institutions reimagine customer journeys, transform operations, modernize technology and data foundations, and build the capabilities needed to deliver lasting impact.

From strategy through implementation, we help banks put customers, people, and technology at the center of transformation.

What we do

Retail & Small Business Banks

We help retail and small business banks rethink their businesses and value propositions to thrive in an AI-powered world, from reinventing strategic vision and modernizing technology infrastructure to leveraging advanced analytics, generative AI, and agentic AI to accelerate growth, transform operations, and build lasting capabilities.

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Midcap banks

We work with mid-cap banks to enhance performance, drive sustainable change, and help navigate the constantly evolving environment. Our approach is customized and collaborative, in which we bring to bear our understanding of the unique context and challenges of mid-cap banks and our extensive experience in partnering with them.

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Credit Unions

We work with credit unions and credit union service organizations (CUSOs) to enhance performance, drive sustainable change, and help navigate the constantly evolving environment. Our approach is customized and collaborative, in which we bring to bear our understanding of the unique context and challenges of credit unions and CUSOs and their members.

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Fintechs

We collaborate with fintechs to help scale their business and supplement their teams. As a dedicated impact partner, we help organizations with accelerating sales and building alliance ecosystems, as well as hyper-scaling operating models and creating comprehensive M&A strategies.

Examples of our work

Large-scale digital transformation for a US consumer bank

A major US regional bank wanted to remain competitive in a market experiencing compressed revenues and margins from low interest rates and a step change in digital behavior during COVID-19. We helped the bank define three key initiatives—leveraging marketing and personalization to drive digital sales and digital adoption, digitizing front-to-back customer journeys, and reimagining the bank’s physical distribution. To do this quickly and at scale, the bank invested in next-gen technology, data and analytics, digital talent, and enterprise-level agile delivery. The multiyear transformation yielded more than $400 million in net income, with about 75 percent coming from digital sales and the rest from lowering costs.

Holistic transformation for a Latin American bank

A leading regional bank was facing numerous top-line pressures, including falling interest rates, regulatory pressures, new expectations from customers and employees, and increased competition from new and traditional challengers. Our collaboration included reviewing the bank’s retail and small and medium-size enterprise (SME) business to ensure it was providing the right customized products and services and capturing market share, implementing an in-depth efficiency program to optimize the bank’s cost basis, and a full tech transformation to modernize all platforms and ways of working. The initiatives resulted in a $400 million increase in EBITDA over the retail business’s baseline (200 percent above plan) in the first year and a $1.1 billion increase in the following year.

Building a digital bank while increasing community engagement

A leading regional commercial bank in Asia wanted to build a digital bank with comprehensive services. We helped design and implement a five-year strategy, starting with ten “quick win” revenue growth levers, including an improved segmentation approach for customer acquisition, wealth management product optimization, and enhanced transaction banking capabilities. We also assisted with launching a big data sales management platform, and helped the bank improve its ecosystem by upgrading the non-financial service platform, creating a new e-payment and lending product, and establishing an operating model to convert platform users to bank customers. Through these initiatives, the bank increased its net profit by 36 percent and return on assets by 12 percent over the previous year.

Transforming a European bank’s customer service model

A major European bank with a strong physical presence experienced a dramatic customer shift to digital channels at the onset of the COVID-19 pandemic. We worked with the bank to redesign its service model with a focus on scaling remote channels, generating sales of complex products, and migrating transactions and support to digital. As a result of these efforts, the bank reduced its branch network by 30 percent and increased the number of remote advisors fourfold.