Consulting
Banking, Financial Services & Insurance (BFSI) Consulting
The financial services industry is an ever-evolving, dynamically changing sector that is highly sensitive to market conditions. Regulatory changes, shifting industry structures, inflation, and interest rate movements have a large impact on this sector. While these unpredictable conditions make the industry highly volatile, they also present ample opportunities for companies to outperform others through organised, smart moves.
Key Trends Shaping the Industry
- Strict regulatory environment: The structure of the industry has evolved rapidly over recent years. Regulations have become stricter and many operational restrictions have come into effect — requiring institutions to invest heavily in compliance infrastructure.
- Focus on risk management strategies: The global financial crisis reshaped industry behaviour. Companies are giving increasingly greater emphasis to risk management strategies. New business models are being developed with a focus on sustainability and minimal risk exposure.
Challenges Facing Industry Players
- Changing customer behaviour: Gaining customer confidence in an uncertain environment requires greater transparency with respect to the operations of the firm. Significant attention must be given to disclosure of credit risk and liquidity positions. Considering the rising customer-facing accountabilities especially in the Banking sector, Grasp Skill has developed hybrid models, customised interventions & methodologies to address the unique requirements — and is recognised as a preferred BFSI sector consulting partner.
- Managing high volatility: Fluctuating market conditions have led companies to focus more on maintaining adequate capital requirements and minimising operational risk. Diversification is an important strategy to counter this effect and maintain resilience.
- Growing competition: New market entrants are operating with leaner models, lower cost bases, and disruptive technologies — making the market increasingly competitive. Regulatory changes further challenge established firms. The real challenge is to prepare a structured plan for sustainable growth.
Services Offered
- BASEL III Implementation and Reporting Consulting
- IFRS 9 and Expected Credit Loss Modelling Consulting
- Liquidity Risk Management Implementation and Reporting Consulting
- Credit Risk Management Consulting
- Scenario Generation and Stress-Testing Consulting
- BCBS 239 Implementation
- FTP Framework Implementation Consulting
- Non-Maturity Deposits (NMD) Model Construction
- Model Construction for IRRBB
- Asset Liability Management (ALM) Optimisation Consulting
- IFRS 17 Implementation and Consultancy
- Oman VAT Consultancy
- Lean Six Sigma Implementation (Quality Control)
Why Choose Grasp Skill?
With deep domain expertise across Banking, Financial Services, and Insurance, Grasp Skill's consulting engagements are built around your organisation's specific regulatory environment and strategic priorities. Our consultants bring hands-on experience from real-world implementations — ensuring advice that is both technically sound and practically executable.