SCS Announces New Product Strategy and Development Service

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AUSTIN, Texas--(BUSINESS WIRE)-- Sheshunoff Consulting + Solutions announces a new service called Product Strategy and Development that is designed to optimize financial institutions’ product offerings. This service is a data driven, innovative methodology that provides banks with a forward-looking product strategy based on current and anticipated industry changes, account level profitability, marketplace analysis, statistical customer base segmentation, usage and channel pattern analytics and consumer opinion. When all of these elements are combined, the resulting strategy can drive increased non-interest income.

Kelly Trammell, Managing Director of Consulting Services, says, “With the ever changing regulatory environment, banks have seen a huge decline in non-interest income revenue streams. Replacing lost revenue is not an easy task. Some financial institutions are resorting to more crude methods by instituting flat fees on products and services that were previously free of charge. SCS believes a more nuanced approach is required.”

The service assists financial institutions with answering key questions such as: how much and when to charge; which customers should be targeted for relationship expansion vs. revenue consolidation; and which transaction channels are in high demand.

SCS experts are offering on-site services to help institutions assess depository account expense and income, develop profitable account profiles, and design new and enhanced current product offerings. Portfolio simulation modeling, migration and implementation services are available as part of this unique service offering.

For more information about this service, please visit us on the web at: http://www.smslp.com/products-services/management-consulting/product-strategy/

About Sheshunoff Consulting + Solutions

For more than 35 years, Sheshunoff Consulting + Solutions has been a leading financial services industry consulting firm. SCS enhances its consulting services with proprietary technology solutions, and also offers its financial industry customers executive development programs and investment banking services. Sheshunoff is a trusted advisor to the banking industry, providing institutions with the tools they need to improve profitability, optimize business processes, manage risk, maximize technology, and meet regulatory requirements. Ultimately, SCS positions institutions for long-term growth.

Sheshunoff Consulting + SolutionsJennifer J. Sharp, 800-477-1772 ext. 555Senior Client Relationship ManagerDirect: 512-703-1555Fax: 512-505-3455[email protected]

Source: Sheshunoff Consulting + Solutions

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