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Banking

Building strategic flexibility and competitive advantage at scale.

Drive sustainable performance and profitability

The Canadian financial sector has proven its strength over the past decade. Despite the host of challenges, disruption, uncertainty, and change facing large banks and financial institutions, the industry continues to demonstrate its agility and ability to innovate and seek opportunities. 

At BDO, we help our banking industry clients advance their digital transformation aspirations through strategic advice, design and implementation, and deep technological skills. Our programs are designed to reduce the risks associated with large-scale modernization initiatives and drive sustainable business performance.

Featured insights and offerings for the banking industry

Resources to support your business

Innovation in banking

The banking industry continues to move into a new digital age. In order to grow and become more resilient, organizations need to focus on digital innovation—from cloud migration to cybersecurity—in order provide better customer experiences and operate more efficiently. Our resource hub provides insights and resources to help.

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Related insights

Case study
Fraud deconstructed: Lessons in due diligence at JP Morgan
September 13, 2023
We analyze the importance of investor due diligence for risk mitigation.
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Article
Effective change management: Decoding organizational transformation
July 26, 2023
BDO leaders share a practical approach to sustainable organizational change.
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Report
Canadian debt market report: Q2 2023
July 19, 2023
Understand the current state of Canada’s debt market as we uncover key trends.
Read more
Report
Canadian debt market report: Q1 2023
April 13, 2023
Learn about the current state of the Canadian lending market.
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Article
Envisioning large-scale cloud migrations for financial-services organizations
September 07, 2022
Digital transformation—specifically, app migration to benefit from the computing power of the cloud—is not a technological change. It’s a business tra...
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Article
Executing a cloud migration strategy for banks: addressing 3 key challenges
September 07, 2022
Banks and other large financial institutions face three key challenges when executing a large-scale cloud migration. Learn how to overcome these roadb...
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Article
Life after cloud migration: How to evolve a bank’s cloud strategy
September 07, 2022
Once a bank’s cloud migration is complete, what’s next? These steps can help your organization develop a cloud-specific operating model and optimize i...
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Article
Why the banking industry must start with cybersecurity and data privacy in their...
September 07, 2022
The financial industry could be leveraging the cloud more effectively if cybersecurity and data privacy were top of mind. Following critical steps to ...
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Report
Credit union insights report
April 13, 2022
Discover what Canada's Credit Union leaders really think in the results of our survey
Read more
Case study
Fraud deconstructed: Breaking down bank fraud at Transmar
January 18, 2022
How did three executives commit millions in bank fraud? Learn case details and fraud prevention tips in our case study.
Read more
Case study
The cloud innovation journey | Project: Securing enterprise cloud infrastructure...
August 31, 2021
Learn more about how BDO worked with a leading bank to address their need for an enterprise cloud-first strategy to increase the agility and scalabili...
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Article
Accessibility and your bank’s digital footprint
June 09, 2021
The ACA was created with the goal of eliminating barriers that impede the full and equal participation of persons with disabilities. This article outl...
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Article
M&A in Banking: 5 lessons learned for onboarding digital operations
June 09, 2021
Is your bank acquiring another company? Discover the lessons learned for successfully onboarding your newly acquired company’s digital operations.
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Article
The role of governance, risk, and compliance in digital transformation for banks
June 09, 2021
Digital transformation in the banking sector requires a strong governance, risk, and compliance (GRC) strategy to be successful. This article covers k...
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Article
Five ways enterprise cloud infrastructure can benefit banks
September 24, 2020
A cloud-enabled infrastructure is one of the key ways your bank can grow and become more agile in today’s market. This article outlines five key benef...
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See all insights

Business stages for the banking industry

Modernize the way you run and manage your business to be relevant in today’s digital world.

Evolve, automate & transform

Secure your most important assets through critical, preventative, and corrective measures.

Secure, protect & investigate

Guidance and advice that service the banking industry

Regulators around the globe are increasingly vigilant about financial crimes. We help organizations navigate complex regulations and avoid becoming an unwitting participant in a crime by developing and implementing tailored anti-money laundering and anti-bribery and corruption solutions.
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Implementing data and AI solutions is the most effective way to gain a competitive advantage in today’s market. Leveraging our capabilities, we provide a uniquely wide range of in-depth industry knowledge along with a highly experienced team of data scientists, engineers, and visualists, to help you successfully execute your innovation journey. We work closely with you so we can build you the solution you need to meet your business outcomes. 
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From navigating the difficulties to discovering noteworthy prospects—we can help. Our team can assist with identifying, attracting, and retaining the best talent, while also ensuring your workplace is inclusive and transparent. With our help, your HR team can shift their attention to essential business capabilities.
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Businesses across all industries are adopting advanced and emerging technologies at a much faster rate than ever before. Solutions driven by data and AI are powerful assets to help you stay competitive in current markets; but they aren’t without vulnerabilities. Our comprehensive, end-to-end cybersecurity services can help you mitigate the risks and strengthen your defences against cyber crime and attacks. 
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As digital and cloud technologies continue to become more mainstream, the way we work continues to evolve and the traditional office has been greatly disrupted. Employees expect to work securely from anywhere, on any device, and they put a high premium on work that enriches and fulfills them. Our Modern Workplace solutions seek out ways to transform your digital employee experience by providing a custom design, strategy, roadmap, and implement technology to nurture your modern workplace culture whilst protecting vital IT assets in the process.  
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Businesses across all industries are embracing digital transformation and cloud adoption to modernize, optimize, and mature their underlying technology capabilities. By adopting cloud technologies, your business can unlock digital innovation that can increase revenue, reduce costs, and mitigate risks. We work closely with your team to guide you through BDO’s Cloud Adoption Framework to provide a comprehensive strategy and roadmap towards a successful cloud transition.  
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Contact us to discuss solutions for your business needs

Rishan Lye
Partner, Consulting Leader
647-795-8008

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