18 | Management Consulting Awards 2024 Best Fintech Transformations Consultancy 2024 – Austria Founded in 2019, LucSien is renowned for offering strategic transformation guidance and turnaround management services for mission-critical stages of large-scale projects. The company’s expansive expertisce encompasses digitalisation challenges, carve-outs, and post-merger integrations, helping organisations to overcome major technological and operational obstacles. The company tackles complex transformations across the banking, wealth, and tech industries, and has catered to notable clients involved in high-profile projects, such as the merger of Dresdner Bank and Commerzbank, as well as industry leading software companies including InvesCloud and BetaNext. “LucSien operates with the core values of expertise, relevance, and impact,” says Michael. “We only engage in projects where we can truly add value, ensuring our efforts are highly tailored and efficient. Our approach emphasises proven track records and resultsdriven strategies, often focusing on innovation and technological advancements to futureproof our clients’ operations.” In alignment with this approach, LucSien offers highly specialised solutions that have been personalised to exactly meet the needs of clients facing significant transformation challenges, especially within the realm of financial and technological services. LucSien’s top-tier solutions include transformation and turnaround management, with independent evaluation, restructuring plans, and professional guidance; digitalisation and technological advancements, modernising clients’ outdated infrastructures and transforming operational models; post-merger integration and carve-outs with seamless integration; and establishing enterprise data architecture in compliance with regulatory requirements. The company’s elevated levels of success can be attributed to its team of devoted sector specialists with expertise in the industries of financial services and technology. Such a high concentration of industry knowledge enables LucSien to consistently track emerging trends, market regulations, and technological innovations that are relevant to the operations of its core clients. “Our network of specialists helps the firm to stay on top of transformations, such as wealth digitalisation, post-merger integrations, and core banking overhauls,” Michael tells us. “The firm continuously scouts technological advancements, seeking out new tools and methods that can help simplify complex processes like mergers, acquisitions, and digital transformation. This proactively ensures we are not just reactive to trends but are often ahead of them by understanding future disruptions.” LucSien is a competitive firm that positions itself as a trendsetter, rather than a follower. The company differentiates itself through being selective in client engagement, only working with those it can add true value to, and pioneering new financial models, such as launching digital banks for millennials or revolutionising wealth technology solutions in the U.S. Whilst the company continuously tracks industry developments, it often acts as an innovator within the market, especially in regard to business transformation and digital banking initiatives. LucSien has established a stellar reputation due to its ability to implement cutting-edge solutions and effectively guide businesses through largescale transformations, stringently maintaining a balance between staying ahead of the curve and forging its own path. As for the future, Michael tells us that LucSien plans to continue forging its own path, driven by innovation and invention. The company is currently working on the development and implementation of Estimation World, its newest SaaS platform. Estimation World is poised to revolutionise project estimation by providing businesses with a structured and consistent approach to estimating large-scale projects. By leveraging advanced algorithms and datadriven methodologies, the platform ensures accurate and real-time estimates that enable companies to optimise budgeting and resource allocation. “Designed to integrate seamlessly with existing systems, Estimation World will streamline estimation processes across industries,” says Michael, “making it the leading global platform for efficient and reliable project management.” Since its inception, LucSien has delivered the highest standard of transformative consultancy services, enabling its clients to successfully navigate the complex landscape whilst driving results. The company aids businesses in digitally transforming their operations in alignment with the acceleration of digitisation in the financial and technology sectors. Providing the strategic vision so desperately needed to remain competitive in a crowded marketplace, LucSien is a transformative visionary capable of delivering its clients to great heights. It is for such success in the field that LucSien has been awarded the title of the Best Fintech Transformations Consultancy 2024 – Austria. Contact: Michael Fröhlich Company: LucSien Advisory Partners GmbH Web Address: https://www.lucsien.com/ Situated in Vienna, LucSien is a dynamic consulting firm that aids companies in identifying, utilising, and driving technological transformations on a global scale. The company delivers specialised consulting services to industry and technology leaders, with a particular focus on those in senior positions within the financial services and technology sectors. A market leader, LucSien’s services revolve around complex and large-scale transformations, including mergers, acquisitions, and wealth and core banking transformations. Below, we speak with CEO and Founder Michael Fröhlich to learn more.
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