Tracked value of 6.30 USD recurrent every year per active credit card

FACTSHEET RESULTS
 

• In total 39 strategies have been presented. 

• The tracked value is at 6.30 USD recurrent every year per active Credit Card. 

• First implementation was 1 week after being presented and before the projects end.

• Implementation ratio to presented value is at 25%.

• 75% of the value implemented was parametric implementation.

• The tracked value in total is 10% over the initial impact estimations.

ENGAGEMENT SUMMARY
 

PROJECT EXECUTION

The client, a leading retailer issuing credit cards, was in the process of strong growth and expansion. The year prior to the arrival of the execution team, the bank made a great effort to launch a new range of products, with an extremely aggressive pricing policy. The campaign had been successful in terms of issuing and activating cards, but extremely costly in terms of profitability due to low prices and the abundance of promotions.

The project was executed on the client's premises within 13 weeks. The team was composed of two consultants and a full-time Project Manager supervised by a Managing Director.

The client was fully committed to the project from the day one, assigning contact persons in the different areas and providing direct access to key people of the financial area and product area. A junior product manager from the bank was defined as project manager from the banks side facilitating team access to the stakeholders in the bank and providing key information.

During the 13 week time period, 2 presentations were held to the steering committee, composed by the directors of the different areas: Legal, Business, Marketing, Risk, etc. In total, 38 recommendations were presented. Each recommendation was presented as a sole standing business case, analyzing the potential strategies from all aspects, to facilitate the banks decision process as much as possible.

The main challenge for the execution team was generating recommendations that did not affect the guidelines defined by the marketing area, whose sales campaigns revolved strongly around the accessibility and low prices of their products.

Recurrent annual value presented vs. accepted per active unit (in USD)

20 USD

15 USD

10 USD

5 USD

0 USD

Accepted value per unit

We managed to surpass our client’s expectations of the accepted value by 91%. Due to the nature of the client’s business (low pricing and low usage) our initial impact estimation potential was significantly lower. 

IMPLEMENTATION PROCESS

All accepted strategies have been prioritized for implementation based on their impact and implementation complexity.

Implementation complexity by value