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Banking with Six Sigma
26

Use of lean six sigma for professionals in banking industry

Aug 12, 2015

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Page 1: Use of lean six sigma for professionals in banking industry

Banking with Six Sigma

Page 2: Use of lean six sigma for professionals in banking industry

Contents

• Banking without Six Sigma• What is Six Sigma• Why Six Sigma in Banks• Crux of Six Sigma• KPMG Six Sigma• Success with KPMG

Page 3: Use of lean six sigma for professionals in banking industry

Banking means

• Long waiting queues

Page 4: Use of lean six sigma for professionals in banking industry

UNHAPPY CUSTOMERS

Page 5: Use of lean six sigma for professionals in banking industry

Lower Reputation

Page 6: Use of lean six sigma for professionals in banking industry

Reasons for Bad Outcomes

• Long hours of wait in the banks is a NO-NO

• Proper addressing of customer problems does not take place.

• Finally it leads to lower reputation in market.

• http://henryharvardindia.com/kpmg-six-sigma-certification/

Page 7: Use of lean six sigma for professionals in banking industry

What is Six Sigma?

https://en.wikipedia.org/wiki/Six_Sigma

Page 8: Use of lean six sigma for professionals in banking industry

• Six Sigma is a disciplined data driven approach to eliminate defects

• Set of tools and techniques aimed at achieving 0 defect solution

• Achieves sustained quality improvement in the product

• Operates on the principle of “commitment from entire organization towards work”

• Leads to passionate management and leadership

Page 9: Use of lean six sigma for professionals in banking industry

Why Six Sigma in Banks?

• Cut wastes and streamlines processes

• Reduces Cycle times in Insurance staff

• Deals with problems effectively

Page 10: Use of lean six sigma for professionals in banking industry

Cut Throat Competition

• You gain extra edge over other banks with your fast services and added functionalities that Six Sigma provides

Page 11: Use of lean six sigma for professionals in banking industry

Efficiency Levels

• Focus beyond the pre-determined quality levels of product

• Increased customer satisfaction and positive market image

• http://henryharvardindia.com/category/blog/

Page 12: Use of lean six sigma for professionals in banking industry

Identifies Unhappy Clients

Page 13: Use of lean six sigma for professionals in banking industry

• Easily identifies the unhappy customers from the lot

• Gives you an extra edge over other banks in providing services

• Long term result is 0% defect and hence no 1 Bank in market

Page 14: Use of lean six sigma for professionals in banking industry

Efficient Bankers

• Streamlined process of Six Sigma leads to proficient bankers.

• Skilled individuals capable of handling everything.

Page 15: Use of lean six sigma for professionals in banking industry

New Products Launch

• Banks following Six Sigma tend to launch newer schemes more actively that benefits people and hence remains the favorite of all

Page 16: Use of lean six sigma for professionals in banking industry

High Investment Returns

• Happy customers -> More profits -> Growing demand -> Raised revenues -> High investment returns

• http://henryharvardindia.com/benefits-of-six-sigma-for-finance-professionals/

Page 17: Use of lean six sigma for professionals in banking industry

Crux of Six Sigma

• The reason behind so many benefits of deploying Six Sigma in banking is highly skilled individuals take up the tasks and hence the deliverables are of high quality

Page 18: Use of lean six sigma for professionals in banking industry

Success with Six Sigma

• A Belgian company comprising of a bank experienced huge profits and return on investment after employing Six Sigma.

Page 19: Use of lean six sigma for professionals in banking industry

Six Sigma’s Facets

• It is applicable in all streams:

• http://henryharvardindia.com/benefits-of-six-sigma-for-fin

ance-professionals/

• http://henryharvardindia.com/benefits-of-six-sigma-for-m

arketing-professionals/

• http://henryharvardindia.com/benefits-of-six-sigma-for-op

erations-management-professionals/

Page 20: Use of lean six sigma for professionals in banking industry

Which Six Sigma to choose?

http://henryharvardindia.com/about-us/

Page 21: Use of lean six sigma for professionals in banking industry

Why KPMG Six Sigma?

• A professional 4-day training program offering Six Sigma Green Belt Certification from KPMG

• Only program recognized across 147 countries where KPMG operates at

• Successfully embraced by more than 13,000+ professionals globally

• henryharvardindia.com/kpmg-six-sigma-certification/

Page 22: Use of lean six sigma for professionals in banking industry

Diversified Program

• Participants join from diverse industry domain those include Manufacturing, Healthcare, Hospitality, Finance, Banking and many more

• http://henryharvardindia.com/

Page 23: Use of lean six sigma for professionals in banking industry

Across All Cities• KPMG delivers its programs across all the cities.

http://henryharvardindia.com/events-india/

Page 25: Use of lean six sigma for professionals in banking industry

Make your Bank a Brand with KPMG Six Sigma at www.henryharvardinda.com

Page 26: Use of lean six sigma for professionals in banking industry