Financial Institutions
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.
Financial Institutions
We will be your guide.
Financial institutions operate in a dynamic and often volatile environment, facing 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
- Sarbanes-Oxley Compliance (SOX) Compliance
- 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
