Orbium, functional optimisation and operational best practice
It is vital to run a parallel review and optimisation of the broader business ahead of any transformation journey and change programme. This typically involves:
- Identifying how the proposed transformation will materially affect clients, commercial outcomes, organisational processes and technology.
- Assessing necessary changes across the full functional landscape, including end-to-end user journeys (including cross-channel), systems and processes (including , identifying missing or misaligned capabilities and resources, automation and streamlining opportunities, eliminating duplication of effort and the need for cultural change).
- Ensuring all changes remain strategically consistent and aligned to a resilient but adaptable target operating model.
- Implementing industry best practice and performance benchmarks to understand existing and target operational effectiveness relative to peers.
Orbium’s Bank360 consolidates all its experience and knowledge of wealth management best practice and functional optimisation into a comprehensive business framework. Bank360 brings together proven operating models, user journeys, business processes and productivity benchmarks that accelerate and ensure a holistic banking transformation, either as part of a wider programme, within a core banking platform replacement, or as a standalone initiative.