Gen Advisory's suite of services is designed to meet the ever-adapting demands of the

Australian ADI sector.

Our key services include the following:

Open Banking

FinTech  Adoption

Royal Commission

Gender Pay Gap

Sustainable Banking

Banking as a

Force for Good

The first iteration of Open Banking in Australia - a limited pilot involving the four majors - went live on 1 July 2019.

Given the inevitability of Open Banking,  the question ADI Boards should be asking is not whether to adopt Open Banking, but how to make the most of it. In this context, Gen Advisory has observed several compelling Open Banking use cases which we believe would greatly benefit any ADI which elects to adopt them.

How Gen Advisory can help ADIs implement Open Banking

  • Provide strategic advice to ADI Boards on Open Banking requirements, use cases and opportunities vs threats. 

  • Deliver bespoke research on a specific Open Banking-related area of interest.

  • Deliver bespoke training on Open Banking.

  • Manage and execute, on an ADI’s behalf, an end-to end Open Banking implementation project.

  • Conduct due diligence on prospective Open Banking solutions providers.

Mirroring overseas trends, the FinTech and RegTech sector in Australia has been growing rapidly in recent years. The outlook for the sector remains positive.  


Gen Advisory’s view is that if managed appropriately, FinTech and RegTech can bring tremendous benefits to ADIs. We believe that ADIs which are able and willing to capitalise on the benefits which FinTech and RegTech bring will enjoy a competitive advantage over those which merely regard them as a compliance exercise.

How Gen Advisory can help ADIs with FinTech and RegTech adoption

  • Provide strategic advice to ADI Boards on FinTech and RegTech opportunities and use cases.

  • Provide strategic advice to ADI Boards on how the FinTech and RegTech can benefit their organisation.

  • Deliver bespoke training on the different types of FinTech and RegTech available.

  • Deliver bespoke research on a specific FinTech/RegTech-related area of interest.

  • Manage and execute, on the ADI's behalf, a project on FinTech and RegTech adoption.

  • Delivering an end-to-end FinTech and RegTech solution to ADIs,

  • Conduct due diligence on prospective FinTech and RegTech providers.

As has been widely reported, the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (“the Hayne Royal Commission”) released its Final Report on 4 February 2019. 

 

The much-dissected Final Report contained 17 recommendations for the banking sector and 3 cross-sectoral recommendations on “culture, governance and remuneration”. Of greatest impact on ADIs to date have been: (1) the extension of the BEAR regime to broader areas within ADIs; and (2) the revisions to the Banking Code, which imposes additional requirements on ADIs

How Gen Advisory can help ADIs implement the Hayne Royal Commission's recommendations

  • Provide strategic advice to ADI Boards on their post-Hayne responsibilities – including those pertaining to BEAR and GCRA.

  • Deliver bespoke research on a specific Royal Commission-related area of interest.

  • Deliver bespoke training on the Royal Commission’s findings and recommendations.

  • Manage and execute, on the ADI’s behalf, an end-to-end project to address the Royal Commission’s recommendations.

  • Conduct an independent review of an ADI’s existing CGRA and BEAR arrangements.

  • Conduct due diligence on prospective solutions providers.

The Australian “financial and insurance services” sector is one of the most female-dominated sectors in Australia. It is unfortunately also the sector with the highest gender pay gap in the country.

 

According to data published by the Workplace for Equality Agency (WGEA), as of May 2019, the sector’s mean pay gap was at a nation-wide high of 24.4%. 

Gen Advisory’s view is that ADIs have both the responsibility and the ability to reduce this gap.

How Gen Advisory can help ADIs reduce the gender pay gap

  • Provide strategic advice to ADI’s Boards on gender pay gap issues, including recommendations on how to rectify them. 

  • Deliver bespoke research on a specific gender/financial equality-related area of interest.

  • Deliver bespoke training on gender and financial equality issues, tailored to the ADI's needs.

  • Manage and execute, on the ADI's behalf, a project to close the gender pay gap within their organisation.

  • Conduct an independent review of the ADIs existing pay arrangements 

 

The term “Sustainable Banking” refers to banking practices which integrate “environmental, social and governance” (ESG) criteria. 

 

Unlike “traditional/conventional” banking, which is based on a two-dimensional risk and return analysis, Sustainable Banking considers three dimensions: risk, return and impacts.

 

Gen Advisory’s prediction is that the future, there will no longer be a dichotomy between traditional” and “sustainable" banking. By definition, all banking must and will be sustainable.

How Gen Advisory can help ADIs incorporate ESG criteria

  • Provide strategic advice to ADIs on the latest developments and insights on Sustainable Banking – including how ADIs can incorporate ESG criteria into their credit lending decision..

  • Deliver bespoke research on a specific Open Banking-related area of interest.

  • Delivering bespoke training on Sustainable Banking and ESG criteria.

  • Manage and execute, on an ADI’s behalf, an end-to-end project on Sustainable Banking and ESG implementation.

The ADI sector is one of Australia’s largest financial service providers and employer groups. Almost all Australians are either a customer or an employee of an ADI. 

 

Given their wide reach, ADIs have the ability to contribute to solving some of the the major social issues currently afflicting Australian society. These include: 

  • Australia’s aging workforce; 

  • domestic violence; 

  • substance abuse;  

  • mental health; and 

  • financial exclusion, among others.


In Gen Advisory’s view, ADIs should tackle such social issues not just for altruistic reasons, but also financial. Evidence suggests that organizations that attempt to make a positive contribution to society often end up “doing well by doing good”.

How Gen Advisory can help ADIs "do well by doing good"

  • Provide strategic advice to ADI Boards on the the social issues currently being faced by Australian society - which will likely include the ADI's customers and employees.

  • Provide strategic advice to ADI Boards on what they can do to help.

  • Providing strategic advice to ADI Boards on the benefits and opportunities which can arise from serving as a "force for good". .

  • Deliver bespoke research on a specific social issue or problem of interest, together with recommended solutions. 

  • Deliver bespoke training on how ADIs can "do well by doing good" 

  • Manage and execute, on an ADI’s behalf, a project to tackle one on the social issues identified above. 

  • Conduct due diligence on prospective solutions providers.

Gen Advisory has in-depth insights into specialised areas.
Contact us about your specific needs.

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