Financial Institutions & Specialty Finance

Increase agility and thrive amid change and uncertainty

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Experienced guidance to adapt and thrive

Amid market evolution and shifting consumer expectations, banks and other lenders need to be agile and adaptable to change. 

As digital transformation accelerates, regulatory requirements expand and consolidation increases in the bank and non-bank lending industry, these institutions need deep market knowledge and forward-thinking initiatives to realize long-term success. 

BDO understands this dynamic banking environment, and we have the knowledge, resources and tools to assist leaders across each sector. We provide tailored services that make an impact, whether you need to evaluate credit risk, transform financial reporting, test internal controls over financial reporting (ICFR), navigate M&A or a myriad of other initiatives.  

BDO’s Financial Institutions & Specialty Finance practice offers customized, partner-level engagement with experienced industry professionals to help clients monetize data, generate more revenue and improve customer insights. 

How BDO Can Help

Who We Serve

At BDO, we understand the evolving challenges that financial institutions face and work with clients in navigating the changing landscape across segments. 

Banking

More than ever, banks need advisors with the knowledge and experience to guide them through the conditions ahead. BDO provides assistance to navigate these industry dynamics with strategic advice, demonstrated insights and best practices. Our advisory offerings include regulatory compliance, CECL adoption and implementation, raising capital, loan restructurings, purchase accounting and mergers and acquisitions.

Mortgage Brokers

BDO helps mortgage lenders identify opportunities for adapting and continuing to grow. Our professionals have worked closely with the Office of Mortgage Settlement Oversight and maintain a deep knowledge of guidelines and regulations. With an extensive international accounting and consulting network at our disposal, we deliver a tailored service approach for navigating today’s complex financial marketplace.

Specialty Finance

Technology continues to transform financial services as consumers demand more convenience and speed, creating new regulatory and cybersecurity pressures. BDO provides in-depth knowledge and tailored services for regulatory compliance, cybersecurity enhancement and improved performance. Our experienced professionals offer the insights to develop new capital-raising strategies and more effectively evaluate credit risk. 

Financial Institutions & Specialty Finance Insights

Explore our most recent resources and thought leadership.

Article

Leveraging MLOps Principles to Comply with CECL

‎September‎ ‎7‎, ‎2022
Article

Leveraging MLOps Principles to Comply with CECL

‎September‎ ‎7‎, ‎2022

Savvy risk managers have reimagined their model risk management frameworks by incorporating model operations (MLOps) powered by technology and automation.

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Article

The BDO 600 2022 Compensation Studies

‎August‎ ‎18‎, ‎2022
Article

The BDO 600 2022 Compensation Studies

‎August‎ ‎18‎, ‎2022

Executive and Board Pay Rise Amid Rapidly Evolving Business Landscape

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Article

Going Digital: Banking’s Workforce Of the Future

‎July‎ ‎25‎, ‎2022
Article

Going Digital: Banking’s Workforce Of the Future

‎July‎ ‎25‎, ‎2022

The discussion about digital transformation in financial services often focuses on which tools and solutions can best help an organization address challenges and opportunities.

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Article

What Banks Can Learn From Fintechs

‎June‎ ‎15‎, ‎2022
Article

What Banks Can Learn From Fintechs

‎June‎ ‎15‎, ‎2022

Fintech companies continue to disrupt financial services as innovations help capture new opportunities.

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Article

IRS Boosts Standard Cents-per-Mile Rates For July 1 Through December 31, 2022

‎June‎ ‎9‎, ‎2022
Article

IRS Boosts Standard Cents-per-Mile Rates For July 1 Through December 31, 2022

‎June‎ ‎9‎, ‎2022

For the final six months of 2022, the standard mileage rate for business travel will increase by 4 cents per mile, from 58.5 to 62.5 cents per mile, according to IRS Announcement 2022-13.

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Article

Valuing Financial Institutions In A New Era Of Banking

‎May‎ ‎3‎, ‎2022
Article

Valuing Financial Institutions In A New Era Of Banking

‎May‎ ‎3‎, ‎2022

Financial institutions have been impacted by shifts in consumer behavior — which accelerated during the COVID-19 pandemic — and the industry is responding accordingly.

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Article

Important Cryptocurrency Related Proposals Included in Biden’s 2023 Budget Proposal

‎March‎ ‎31‎, ‎2022
Article

Important Cryptocurrency Related Proposals Included in Biden’s 2023 Budget Proposal

‎March‎ ‎31‎, ‎2022

The Biden Administration has proposed to modernize certain tax rules relating to securities, including nonrecognition rules applicable to certain securities lending transactions and the mark-to-market rules under Section 475.

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Article

A New Year Brings New Considerations for Banking

‎February‎ ‎24‎, ‎2022
Article

A New Year Brings New Considerations for Banking

‎February‎ ‎24‎, ‎2022

This year, banks can plan to manage their need to address existing trends while preparing for emerging growth opportunities.

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Article

SEC Staff Statement on LIBOR Transition

‎January‎ ‎18‎, ‎2022
Article

SEC Staff Statement on LIBOR Transition

‎January‎ ‎18‎, ‎2022

As the cessation of LIBOR nears, the SEC staff issued a statement addressing disclosure obligations, operational complexities, and other reminders for investment professionals. The statement compliments previous statements, reinforcing the requirement for registrants to disclose material qualitative and quantitative information the transition from LIBOR has, or may have, on operations.

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Article

Treasury and IRS Release Final LIBOR Transition Regulations

‎January‎ ‎12‎, ‎2022
Article

Treasury and IRS Release Final LIBOR Transition Regulations

‎January‎ ‎12‎, ‎2022

On December 30, 2021, the U.S. Department of the Treasury and the Internal Revenue Service released final regulations addressing the principal tax implications of modifications to debt instruments, derivatives and certain other contracts related to the planned elimination of certain interbank offered rates. The final regulations were published in the Federal Register on January 4, 2022.

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Article

IRS Outlines Requirements for Research Credit Refund Claims

‎October‎ ‎21‎, ‎2021
Article

IRS Outlines Requirements for Research Credit Refund Claims

‎October‎ ‎21‎, ‎2021

The IRS Office of Chief Counsel publicly released a memorandum on October 15, 2021 highlighting the information that taxpayers need to provide when filing a refund claim involving the research credit under Internal Revenue Code Section 41 in order to meet the “specificity requirement” under Treas. Reg. § 301-6402-2(b)(1).

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Article

Core of the Core Deposit Intangible – Valuation and Trends

‎October‎ ‎19‎, ‎2021
Article

Core of the Core Deposit Intangible – Valuation and Trends

‎October‎ ‎19‎, ‎2021

As bank-related mergers continue to accelerate in 2021 in the face of pent-up transaction demand, the financial reporting requirements related to ASC 805, Business Combinations, have brought the CDI back into focus.

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Article

Bank M&A Increases With a Keen Focus on Thorough Due Diligence

‎September‎ ‎26‎, ‎2021
Article

Bank M&A Increases With a Keen Focus on Thorough Due Diligence

‎September‎ ‎26‎, ‎2021

Since March 2021, the financial institutions and specialty finance industry has experienced a sharp uptick in mergers and acquisitions.

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Article

Early Priorities for The Biden Administration: Areas to Watch

‎May‎ ‎18‎, ‎2021
Article

Early Priorities for The Biden Administration: Areas to Watch

‎May‎ ‎18‎, ‎2021

While there are dozens of policies that will unfold over the next four years, there are several key areas for leaders to watch in the short term and consider for future opportunities and challenges that arise.

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Article

2021 Financial Services Digital Transformation Survey

‎May‎ ‎17‎, ‎2021
Article

2021 Financial Services Digital Transformation Survey

‎May‎ ‎17‎, ‎2021

Digitizing Financial Institutions and Specialty Finance Organizations.

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Article

To Compete in Fintech, Banks Must Build on Pandemic-Driven Digital Transformation

‎March‎ ‎3‎, ‎2021
Article

To Compete in Fintech, Banks Must Build on Pandemic-Driven Digital Transformation

‎March‎ ‎3‎, ‎2021

Lockdowns during the pandemic precluded face-to-face transactions at bank branches, forcing even “late adopter” banking customers to embrace digital banking and compelling financial institutions to roll out digital alternatives for those transactions—sometimes overnight.

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Stay current with our latest financial institutions & specialty finance insights.

Meet our Financial Institutions & Specialty Finance Industry Leader

  • Professional Headshot of Mark Houston

    Mark Houston

    Managing Director; Financial Institutions & Specialty Finance National Practice Leader

    View Bioperson_outline

Together, we thrive.

Everything we do is rooted in our core purpose to help people thrive every day. It’s not only the right business thing to do; it’s the right human thing to do. This starts by putting our people at the center of our work and extends to how we treat and value our people, our clients and our communities. With a dedication to quality and a purpose-driven culture, BDO offers a powerful choice both for clients and those seeking rewarding professional careers.

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