Retail banks face an array of pressures around pricing. Competition means banks must create innovative value propositions through bundled capabilities that can be rapidly adapted and flexibly offered with personalized pricing to customers. However, heightened regulatory scrutiny means this pricing must be fair, transparent, well understood, and accurately implemented and billed.
Next-generation retail banking pricing strategies shift pricing and product management away from design and implementation within individual core banking systems toward enterprise services that provide centralized capabilities around the product catalog, loyalty, relationship pricing, product bundling, product development and management, and billing.
This report considers key drivers for shift to enterprise pricing, key requirements and considerations, and provides an overview of the enterprise pricing vendor market landscape.
Benefits of Enterprise Product and Pricing