Profit Insight analyzed the client’s deposit and card businesses targeting improvements in interest income, fee revenue and operating expense reduction.
The Business Challenge
This regional Mexican bank sought revenue enhancement and cost saving solutions across their deposit and credit card businesses. Despite the bank’s superior earnings performance in recent years, management was seeking opportunities to improve operations and ensure that future growth was more profitable while remaining in line with the overall corporate strategy.
How Profit Insight Helped
Profit Insight analyzed the client’s deposit and card businesses targeting improvements in interest income, fee revenue and operating expense reduction.
Engagement Results
Identified and recommended 20 strategies - 11 in credit card and 9 in deposits - worth nearly $11 million in incremental earnings. The client ultimately implemented 8 of the strategies worth $3 million a year.
Insights
- Initial strategy implementation took place within 4 months of presentation and all strategies were implemented within a year.
- Initiatives to be implemented were selected quickly and added to existing project roadmap to ensure changes were incorporated in current fiscal year.
- The client was extremely pleased and impressed with the project results and quickly communicated the benefits to enable sharing across both the card and deposit sides of the bank