Financial services institutions and their IT suppliers turn to the Specialized Advisory Group at TowerGroup for professional assistance with their business and technology decisions. We are specialists in business integration in the financial services industry, analyzing the forces and trends that shape strategic business direction and introducing new ideas and technologies into existing businesses.

We are not traditional management consultants, systems integrators, application developers, hardware providers, or outsourcers. TowerGroup has no exclusive relationship with any software, hardware, or services providers. Because of this, we can approach each project objectively.

TowerGroup offers the following Specialized Advisory Services for financial institutions:

• Best Practices Identification, Innovation Market Scans, and Gap Analysis. We help financial institutions determine mainstream best practices, identify emerging trends, and uncover initiatives on the horizon. This approach allows us to help our clients identify gaps in the strategic or operational approaches they are taking.
• Value Engineering. We help financial institutions examine innovative concepts and how these concepts will affect an existing business and be implemented into business operations. These concepts include customer interactions at the retail point of sale, online communities, customer-led design initiatives, expanded preference management, and even the ability to tap into advertising revenue streams.
• IT Strategies. We work collaboratively with financial institutions to help them ensure that they direct IT investments to the business requirements that can have the most impact and the projects that are likely to succeed.

-Union Bank of California

• Support for Major Business and IT Programs. We offer expert assistance with requirements development, vendor selection, and program management.

• Strategic Investment Analysis. TowerGroup Specialized Advisory Services helps technology and professional services firms gauge the viability of entering the financial services market and developing new products and services to serve that market. We help determine which segments and markets to target, what services and products to provide, which competitors to differentiate against, and how buyers buy.
• Best Practices. We have a proven track record in identifying and analyzing best practices employed by financial services organizations and forecasting their future strategic direction. This is critical external input into the process of product and services development by IT suppliers to the financial services industry.