Banking Performance & Operations Benchmarking

Jan 18, 2022

Benchmarking of Operational Performance Across Retail and Commercial Banking in the US

Situation

Our client was looking to develop key operational and performance benchmarking metrics across U.S. banking institutions, spanning retail, commercial, digital, and operations.

Objective

The objective was to benchmark operational efficiency and service effectiveness across large US retail and commercial banks, guided by a structured set of 73 KPIs.

Our Work

10EQS conducted 28 in-depth interviews (25 hours) with senior professionals across commercial, retail, digital, and operations functions at national and regional banks. 10EQS gathered quantitative data across the target KPIs such as lending, payments, and account management, and include metrics like loan processing turnaround time, payment failure rates, and percentage of revenue by product line.

Project team
  • Ex-BCG Management Consultant with extensive experience in financial services & banking
  • Associate Consultant supporting content synthesis & secondary research
  • 10EQS Delivery Operations (=PMO) providing quality assurance, process management and expert recruitment
  • 28 industry experts

Industry experts (excerpt)
  • VP, Business Banking – Bank (US)
  • VP, Global Card Operations – Bank (US)
  • Former Head Of Payments – Bank (US)
  • Senior Director, Global Portfolio Operations – Bank (US)
  • Vice President Global Card Operations Merchant Services Reconciliations – Bank (US)
  • Managing Director, CFO for Consumer Banking & Payments COO – Bank (US)

Results

10EQS delivered robust benchmarking data across diverse bank types and business lines, validating data through expert clarifications to ensure consistency and accuracy, resulting in a final dataset that supports reliable cross-institutional comparisons and actionable performance insights at the KPI level.