Client Description
Problem Statement
The client wished to establish a virtual bank in the Philippines, leveraging existing technological capabilities and solutions.
Project Approach
Opportunity Identification
We reviewed the Philippines banking landscape and regulations, to determine whether an opportunity is available.
Competitive Benchmarking
We evaluated all six virtual banks in Philippines, to identify their value propositions and success enablers.
Operational Considerations
We compared the client’s capabilities against incumbent VBs’, to define operational and gap-closing needs
Key Achievements
Opportunity Validation
Calculation of virtual banking market size, with estimation of realistic market share for the client.
Business Transformation
Evaluation of existing capabilities and guidance on how they can be pivoted into a virtual bank.
Roadmap Establishment
Identification of success drivers, with a strategic plan how to address capability gaps.
