PROFIT INSIGHT generated 70 recommendations worth more than $75 million annually across retail and small business banking retail lending, exception processing and online banking.
Large North American retail bank with a multi-state footprint engaged PROFIT INSIGHT to identify revenue enhancement and cost reduction opportunities across the bank. The Retail Banking executive was seeking a “fast track” engagement with a short window from kickoff to strategy presentation with a focus on idea generation and rough business cases and estimates of value to prioritize prompt action. The Client had recently concluded a similar engagement with another consultant and had a number of strategies in the execution pipeline but had been disappointed in the results – which led them to engage Profit Insight.
PROFIT INSIGHT was tasked with generating recommendations in the areas of Retail and Small Business Deposits, Treasury Management, Retail Loans, Exception Processing and Online Banking.
Identified and recommended 70 strategies worth $75 million in annual performance lift.
Client ultimately implemented 12 of the strategies with annual value of $18.3 million.