'Financial Services -- Deconstructing or Reconstructing?' - Deloitte Research.Business Editors/High-Tech Writers --(BUSINESS WIRE) Despite increased profits for the last eight years, in relation to the overall market, price-to-earnings ratios Noun 1. price-to-earnings ratio - (stock market) the price of a stock divided by its earnings P/E ratio securities market, stock exchange, stock market - an exchange where security trading is conducted by professional stockbrokers for many financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms are near historic lows. Coupled with fundamental shifts in customer loyalty and the expectations of new e-Customers, purveyors of traditional financial services must reinvent re·in·vent tr.v. re·in·vent·ed, re·in·vent·ing, re·in·vents 1. To make over completely: "She reinvented Indian cooking to fit a Western kitchen and a Western larder" themselves as trusted advisors who provide comprehensive solutions to real-life needs, become product specialists, or face extinction, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Deloitte Research, the research think-tank of Deloitte Consulting and Deloitte & Touche in its latest e-Views report: "Re-Inventing Financial Services: Business Models/Winning Market Plays." The lines between financial and non-financial services are beginning to blur and e-Customers in the new marketplace will value trusted advisor brands, information, advice and the ability to commence transactions anytime, anyplace an·y·place adv. To, in, or at any place; anywhere. See Usage Note at everyplace. Adv. 1. anyplace - at or in or to any place; "you can find this food anywhere"; (`anyplace' is used informally for `anywhere') anywhere . "Traditional banking and financial services management is rapidly disappearing and financial services are coming forth as One-Stop, Full-Service-Shops tailored to specific market segment needs," says Adam Schneider Schneider was recruited from Osbourne and NSW-ACT U18 by Sydney Swans through the 2001 AFL Draft. , principal, Deloitte Consulting. "The old model consisting of businesses that sell only one or two products and the new model, which will offer this aggregated solution, will battle it out. The new model will prove to be the winner." Financial Services firms of the future will bear little resemblance to traditional banks, brokerages, insurance and financial services companies of the past. Instead, these companies will provide their own and strategic partners' customized offerings through multiple channels and will focus on delivering exceptional customer satisfaction. The Internet will be critical in allowing global organizations to develop powerful, one-to-one relationships with shrewd e-Customers who will expect a wide range of personal resources to create lifestyle experiences and achieve personal goals. About Deloitte Consulting and Deloitte & Touche Deloitte Consulting is one of the world's leading e-Business consulting firms, providing services in all aspects of enterprise transformation, from strategy and processes to information technology and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . Deloitte & Touche, one of the nation's leading professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firms, provides assurance and advisory, tax, and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects services through over 30,000 people. Deloitte Consulting and Deloitte & Touche are parts of Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. , one of the world's leading professional services firms, delivering world-class assurance and advisory, tax, and consulting services. More than 90,000 people in over 130 countries serve nearly one-fifth of the world's largest companies as well as large national enterprises, public institutions, and successful fast-growing companies. Our internationally experienced professionals deliver seamless, consistent services wherever our clients operate. Our mission is to help our clients and our people excel. "Re-Inventing Financial Services: Business Models/Winning Market Plays" report is part of e-Views, a monthly research monograph series from Deloitte Consulting. For more information, or to schedule an interview with Adam Schneider, please contact those listed below. This research monograph is available on Deloitte Consulting's Web site at http://www.dc.com/services/e_business/. |
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