Digital transformation strategy for a Top-5 Kazakh bank

Project goals

Development of growth strategy with the focus on digital technologies

Project objectives

  • Analysis of global trends and digitalization practices
  • Analysis of successful and unsuccessful transformation strategies of banks in digital era, identification of key factors of success
  • Development of bank’s digital transformation strategy, including development of the concept of bank’s target business- and operating model
  • Development of a detailed financial model

Project deliverables

  • Analysis of global trends and digitalization practices in financial market
  • Consideration of more than 10 cases of successful and unsuccessful transformation strategies of banks in digital era including digital transformation strategies of traditional banks, ecosystem development strategy, digital bank strategy, partnership strategy
  • Target market analysis for a bank (Russia and Kazakhstan), including competitive analysis, as well as assessment and forecast of bank’s target market considering its risk appetite (market sizing)
  • Analysis of bank’s internal environment on key components of commercial and operating models.  Conclusions on bank’s strong and weak points
  • Analysis of an opportunity to attract a strategic partner/investor alongside with defining key synergy drivers
  • Consideration of options of bank’s strategic development
  • Development of bank’s strategy taking into account both, traditional client segments (generation X), and new ones (generation Y), including development of the concept of bank’s target business- and operating model
  • Formulating the development strategy of bank’s ecosystem
  • Development of a detailed financial model and a roadmap of strategy implementation