Banking & Capital Markets
Specialized accounting, tax, compliance and advisory solutions tailored to capital markets, including banks, credit unions, mortgage lenders, specialty finance and more. Our bank consulting services empower you to navigate today’s dynamic financial services landscape with confidence and precision.
Banking & Capital Markets
We will be your guide.
The banking and capital markets and lending industry operates in a dynamic and often volatile environment. Financial institutions face new challenges daily, including fluctuating interest rates, financial crimes and stringent compliance requirements. At Baker Tilly, our comprehensive services encompass audit, tax, advisory, mergers and acquisitions (M&A), credits and incentives, bank compliance, financial reporting, assurance and more. Our banking advisory services provide the expertise and strategic guidance needed to navigate these complexities. Our team specializes in all aspects of the financial services industry, offering customizable and tailored solutions to help banks, credit unions and capital markets thrive. Achieve your strategic goals and drive your business forward with Baker Tilly at your side.
Go beyond boundaries
For years, our clients have relied on Baker Tilly’s independent and objective accounting, tax and advisory services to break down barriers within the financial services industry. By managing capital and liquidity, leveraging new technologies and improving processes, we can help build a better tomorrow for your organization.
Cybersecurity and third-party risk management
Safeguard your bank's data and technology infrastructure with our comprehensive cybersecurity services. We protect against cyber threats, ensure data integrity and maintain regulatory compliance. Our risk management solutions cover credit, operational and market risks, helping your bank operate efficiently and securely
- Cybersecurity risk assessments
- Vulnerability and penetration testing
- Privacy compliance assessments, including the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR)
- Security compliance assessments, including Health Insurance Portability and Accountability Act (HIPAA), the New York State Department of Financial Services (NYS DFS) and the National Institute of Standards and Technology (NIST)
- System and Organization Controls (SOC ) reporting, including SOC 1®, SOC 2®, SOC 3®, and SOC of Cybersecurity
- Outsourced and co-sourced internal audit
- Enterprise risk management
- Business continuity and disaster recovery
- Third-party risk management
Regulatory compliance
No need to navigate the ever-changing landscape of banking regulations with Baker Tilly on your team. Our regulatory compliance services are designed to help your bank stay ahead of evolving requirements. We provide guidance on compliance management systems, risk assessments and regulatory reporting. Allowing your institution to meet all necessary standards and avoids costly penalties.
- Regulatory compliance customized suite of services
- Internal audit
- Regulatory compliance: Alphabet soup
- FDICIA readiness
- Model risk management
- Model validations, including current expected credit loss (CECL), asset liability management (ALM)
- Consumer Financial Protection Bureau (CFPB) and other consumer compliance
- Financial crimes solutions: Anti-Money Laundering (AML)/Bank Secrecy Act (BSA)/Office of Foreign Assets Control (OFAC)/Unfair, Deceptive and Abusive Acts and Practices (UDAAP)/US Patriot Act
- Foreign Corrupt Practices Act (FCPA)
- Fair lending
Tax advisory and compliance
Optimize your bank's tax strategy with our strategic tax services. We offer tailored tax planning and advisory services to help you minimize tax liabilities and maximize financial performance. Our team of tax professionals stay ahead of the latest tax laws and regulations, providing you with innovative solutions to enhance your bank's profitability and compliance.
- Federal and multistate tax planning
- Accounting for income tax and effective tax rate consulting
- Tax credits and incentives for banks
- Mergers and acquisitions (M&A)/reorganization due diligence and planning
- Tax legislation consulting
Mortgage compliance
With evolving regulations and market pressures, lending organizations must stay efficient and compliant. Baker Tilly's Mortgage Center of Excellence offers comprehensive solutions to tackle these challenges in the residential mortgage sector. Our team provides mortgage knowledge and digital technology insights to help clients remain agile and sustainable in a rapidly changing environment.
Digital optimization
Leverage cutting-edge technologies to enhance customer experience, streamline operations and drive growth. Our services include digital strategy development, process automation and data analytics. Enabling your bank to stay competitive in the digital era.
- Data and analytics
- Intelligent automation
- Application development
- Cloud technologies
- Managed services
Business consulting
Achieve your bank's strategic objectives with our business consulting services. We offer comprehensive consulting solutions, including strategic planning, performance improvement and organizational development. Our team works closely with your leadership team to identify opportunities for growth, enhance operational efficiency and drive sustainable success.
- Fintech consulting
- Transformation strategy
- Governance and execution
- Organizational change
- Growth and experience
- System evaluation and implementation
- Board and audit committee governance
- Accounting for purchased credit impaired loans
- Securitization due diligence
- Cash-flow modeling
- Lease accounting
- Reg AB and other servicing compliance
Audit and assurance
Our team offers a range of services including financial statement audits, regulatory compliance reviews and internal audit support, ensuring that your institution meets all necessary standards and regulations. With a focus on data-driven insights and proactive risk management, Baker Tilly helps banks navigate the complexities of the financial landscape and achieve their strategic goals
- Accounting advisory and agreed-upon procedures
- ASC 606 – revenue recognition
- ASC 842 – leases
- Employee benefit plan audit
- Financial statement preparation, compilation or review
- Public company audit (SEC, PCAOB)
- Outsourced accounting and managed services
INDUSTRY SPOTLIGHT
Fintech
Baker Tilly is dedicated to supporting your fintech throughout its entire life cycle, from startup to maturity. Explore our tailored services designed to meet your fintech's specific needs and help you navigate industry challenges. Our team can assist your company with comprehensive audits, financial reporting, platform development, regulatory compliance and tax strategy optimization.
Case studies
Mitigate risk
Risk often leads to financial loss, which can seriously affect the longevity and success of your organization. Because the financial services industry is so complex and ever-changing, it is important to stay on top of anything that might potentially have a negative impact on your business. By identifying potential risks and performing due diligence you can increase value and stay ahead of the curve.
Go beyond boundaries With Baker Tilly leading the way, there are no limits to what you can achieve.
Our professionals
Our services
Bank Compliance
Baker Tilly’s Compliance+ suite of services enables financial institutions to streamline regulatory processes, eliminate inefficiencies and achieve compliance with BSA, AML, CECL, ALM and cybersecurity solutions.
Digital Solutions
Foster the future through a continuous culture of innovation.
Cybersecurity
Proactively protect and address your cybersecurity and information technology (IT) risks.
Transaction Advisory Services
Baker Tilly’s transaction advisory services team provides straightforward advice to clients on every critical business decision before, during and after a transaction.
Data Solutions
Capturing, understanding and leveraging the data that matters most and bringing it into focus is no trivial matter. Rely on our experience to drive your business forward.
Forensic Accounting
When critical situations arise, organizations count on Baker Tilly to deliver accurate and reliable financial analysis to help forge a path forward.
Related industries
Community Banks
Faced with changing regulatory requirements, intense technology disruption and an accelerated M&A environment, community banks need specialized financial and operational solutions tailored to their size.
Consumer Lending
Baker Tilly lending industry professionals collaborate with mortgage, student loan, automotive and other lending organizations to enhance analytics and process governance.
Credit Unions
We work with your management team, supervisory committee and board to bring you timely, relevant and effective ideas and solutions. Taking your credit union to the next level.
Financial Services
The financial services industry continues to diversify, but competition and more complex vendor relationships make determining business strategy more complicated.
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