The rapidly expanding cryptocurrency market can feel confusing, overwhelming, and too volatile to even know where to start. But there's an opportunity for banks and financial services institutions to adapt to new marketplaces, which generates new business and help customers.
Bitcoins, blockchains, Ethereum, Dogecoin, smart contracts, NFTs … cryptocurrency is a world full of strange names and acronyms. It’s also quickly altering the financial landscape.
Capital and customers are flooding the cryptocurrency market, and partnerships are being forged with banks and financial services institutions. If you aren’t exploring how your organization can adapt to cryptocurrency trends and interest, your customers may find someone who can.
You need a trusted adviser who can help you navigate the constantly shifting landscape. We can help.
The progression of cryptocurrency is now impacting banks and financial services institutions. But how can you incorporate the risk introduced by cryptocurrency into your organization?
Regulators are closely monitoring alternatives to the fiat currency traditionally used by banks and financial services institutions. Unregistered cryptocurrency exchanges may find it difficult to survive if they are not compliant.
We understand both the opportunities and risks associated with the cryptocurrency and digital asset markets.
Our experienced team of financial services specialists will make sure you’re prepared for the future and positioned for growth. We can help you take a four-stage approach from ideation to implementation.
Let’s work together to document your objectives, target products, and markets. That will help us identify the “what,” “who,” and “why” questions that need to be answered to define success.
We can help you understand the potential risks you face by:
We’ll examine the regulatory, legal, and reputational impacts faced by your organization. Based on your goals, we can identify impacted operational and compliance areas.
We can help you assess risk by:
Your financial institution will inevitably be exposed to new cryptocurrency risks. We have the ability to help you understand what that means for your current risk management program.
We can identify gaps in your current controls and process and create a plan to mitigate risk.
We can help you assess a control environment by:
You decide how you want us involved. We can be your cryptocurrency coach and support your processes, including planning and development, internal approval, design, and implementation.
We can help you create a plan by:
There’s a lot to think about when it comes to cryptocurrency. From technology to strategy, our team has deep industry knowledge and experience that can be used to help you in many areas.
Face compliance with confidence by gaining a situational understanding of financial crime regulations.
Third-party risk management
Find out if any of your vendors present major risks for your institution.
You can improve your lending practices and address risks with our suite of credit offerings.
Benefit from a value-added approach that can prepare your organization for future challenges.
Whether you’re dealing with a regulatory action or getting up to speed on a new rule, we can help.
Technology and data consulting
Discover how innovative technology and analytics can help you do more while using fewer resources.
Protect your financial institution while you continue to evolve, stay competitive, and serve your customers.
Make sure your data collection and analysis methods are up to date.
We understand the new dimension of threats being introduced by the cryptocurrency market and how it’s affecting the financial landscape. We’re here to listen to your needs, focus on how we can help, and implement new mechanisms that provide you with an opportunity to both grow your portfolio and maintain a risk-based approach to new products and services.
Let’s have a conversation about your cryptocurrency concerns and how you might be able to take advantage of the opportunities in an ever-expanding market.