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Retail Banking

Build stronger relationships faster with Zafin’s miRevenue for Retail Banking

Retail Banking is changing, and fast. Banks must navigate in an environment of tightening regulation, increasing customer demands, and rapid technological change.

Zafin’s miRevenue for Retail Banking solution streamlines product management processes and creates conditions that enable deeper, more personalized, and more profitable client relationships.

How do retail banks benefit?

Image for Pricing Flexibility with miRevenue for Retail Banking

User-friendly and flexible product management

Launch complex products quickly and easily through a simple user interface, with minimal IT intervention

Image for Unite client experience with profitability

Unite client experience with profitability

Understand the value of each individual customer, and offer a personalized set of products and pricing that is relevant to the customer and profitable for the bank

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Deliver fair and transparent outcomes to customers

Understand the value of each individual customer, and offer a personalized set of products and pricing that is relevant to the customer and profitable for the bank

Delivering results without replacing core systems

We know a bank’s core system performs several very important functions. This is why we’ve built our platform to sit alongside a bank’s core system and client-facing channels. With Zafin’s miRevenue for Retail Banking solution, your bank can engage in complex product management and client value calculations without jeopardizing the stability of underlying systems.

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Key features:

Image for Banking product management with Zafin's miRevenueProduct Management: Transform product management processes with the ability to create products, define suitability and eligibility, and assemble product bundles quickly

Image for Banking Fee Management with Zafin's miRevenueFee Management: Gain more flexibility to configure fee calculations and benefit rules (in the form of waivers, discounts, promotions) based on the profitability of the customer relationship

Image of Banking rate management with Zafin's miRevenueRate Management: Manage deposit and lending rates, and determine the right rate for a customer based on their relationship with the bank

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Loyalty: Roll out rewards, benefits, and loyalty programs to generate revenue and transform the customer experience

Image for Banking analytics with Zafin's miRevenueAnalytics: Leverage customer data with enhanced analytics that provide insight into customer behaviour and enables product recommendations for increased cross- and up-sell

Case Studies:

Bank of the West Case StudyZafin-Logo-SuperRegionalStandard Chartered Retail Bank Case StudyTier 1 UK Bank Case StudyFirst BankCIMB Case Study

Related Resources:

  • Generating profits from retail deposits: This eBook outlines why banks need to develop a profitable retail deposit solution, including the key characteristics and drivers for differentiated pricing.
  • Fee Transparency 101: This easy-to-understand guide uses the fictional story of a real estate agent to highlight the importance of fee transparency in retail banking, including an outline of how Zafin’s flexible technology framework sets the stage for a range of unique product and pricing innovations.
  • Product and Pricing 101: This primer offers a detailed outline of best practices for establishing product and pricing in retail banking.
  • Building an effective customer loyalty framework: An analytics perspectiveThis article discusses a loyalty framework and how analytics can be leveraged across the relationship lifecycle to maximize customer value. Some practical examples and strategies are also presented.
  • The End of Days for Mis-Selling Banking Products: Matching Suitable Products to Eligible Clients: Using the example of Lloyds Bank’s new online eligibility tool, this article from Zafin’s Relationship Banker outlines the importance of developing innovative, customer-centric solutions in banking.

Take the next step. Talk to Zafin today.

Start building stronger relationships with your clients like never before. Contact us to talk about our miRevenue solution for retail banking.

The post Retail Banking appeared first on Zafin.



This post first appeared on Blog | Zafin | Banking Software, please read the originial post: here

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