How to Trot When Others Trudge – Recession Forecast for Providers in Banking and Financial Services

The Banking and Financial Services (BFS) industry is staring at a possible recession amid a period of geopolitical tensions, labor shortage, and supply disruptions. BFS BPS players will have to tread carefully to sustain themselves during this challenging period.

In this report, we explore the recession’s likely impact on the overall BPS market. We look at various segments within BFS BPS, such as financial crime and compliance, banking, mortgage, and capital markets, and analyze an economic downturn’s probable impact on them from a provider’s perspective. The report also recommends Everest Group’s three-step framework that providers could follow to navigate the looming recession.

Scope

• Industry: BFS
• Geography: global

Contents

In this report, we:

• Look at the deteriorating global macro trends and demand indicators for global BPS
• Examine a recession’s likely impact on the BPS segment and various segments within BFS BPS, including financial crime and compliance, banking, mortgage, and capital markets
• Share a guide for BFS providers to navigate the looming recession

Membership(s)

Banking and Financial Services Business Process

Sourcing and Vendor Management