Industry · BFSI

Financial services in the middle of the most significant restructuring in a generation.

Vision 2030 financial services. India banking consolidation. Fintech strategy. We help BFSI organisations navigate market opportunity, entry, and transformation – grounded in primary research.

Our POV · 2026

BFSI in 2026.

The GCC financial services market is undergoing structural transformation driven by Vision 2030 and equivalent national strategies across the UAE, Bahrain, and Qatar. New financial entities are being created. Existing institutions are diversifying into asset management, insurance, and fintech. Foreign financial services providers are navigating local partnership requirements that changed significantly in 2023–24.

In India, banking sector consolidation is creating acquisition targets and strategic gaps simultaneously. Fintech companies that raised at peak valuations in 2021 are now navigating profitability mandates and regulatory tightening from RBI.

We've worked with financial institutions, fintech companies, and government financial entities across India and the GCC. Our research includes 200+ interviews with banking decision-makers, regulators, and fintech operators in these markets.

How we work in BFSI.

OfferingHow it applies in BFSI
Opportunity AssessmentSub-sector opportunity sizing for new financial products. Regulatory feasibility mapped upfront.
Feasibility & TEVBusiness case for new banking products, insurance lines, or fintech pivots. Bank-grade report.
Market Entry ExecutionEstablishing BFSI operations in GCC. Regulatory licensing navigation, local partner advisory.
AI ConsultingAI use-case prioritisation for financial institutions. Fraud detection, credit scoring, document processing pilots.

Sector signals – 2026

$7.2T

assets managed across GCC sovereign wealth funds

200+

fintech companies funded in India during 2024–25

12+

new BFSI entity licences granted across GCC 2023–25

80%

of our BFSI mandates involve primary regulatory research

Where clients come to us

Challenges we solve in BFSI.

GCC regulatory navigation

DIFC, ADGM, SAMA, CBK – each jurisdiction has different licensing requirements, local ownership rules, and approval timelines. Most foreign entrants get the sequencing wrong and lose 6–12 months as a result.

Local partner identification

Mandatory local ownership rules vary by country and product type. Identifying the right local partner – not just the most available one – is critical to long-term market positioning and avoids costly unwinds.

Fintech fundraising in a tighter market

Capital markets for Indian and GCC fintech reset sharply in 2022–23. Investors now require profitability roadmaps and primary market evidence, not TAM slides built from third-party databases.

AI strategy for financial institutions

Fraud detection, credit scoring, and document processing are the three highest-ROI AI use cases in BFSI. We prioritise them using primary data from peer institutions – not vendor case studies or analyst reports.

M&A target identification

Finding the right acquisition in India banking or GCC fintech requires deep operator networks. We map targets, assess strategic fit, and conduct primary diligence – not just desk research – before any capital is deployed.

New product market sizing

Islamic finance, embedded lending, open banking – market sizing for emerging financial products requires primary research because secondary data is typically 2–3 years behind actual market conditions.

Our clients

Who we work with in BFSI.

Foreign banks and payment platforms

Entering GCC or India for the first time – navigating licensing, local partnership requirements, and first-customer acquisition in a tightly regulated market.

Indian fintech founders

Targeting international expansion or raising growth capital – requiring investor narratives built on primary market evidence, not desk research or secondary databases.

GCC sovereign wealth and government entities

Seeking market intelligence for new financial product development and investment thesis validation across South Asia, Southeast Asia, and Africa.

PE-backed financial services companies

Navigating acquisition targets, geographic expansion, and market entry – where investment committees require primary evidence before capital is deployed.

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