Grow fee income. Grow customer connections.
As fee income at banks is steadily shrinking, banks need fresh new ways to generate fee income, while bringing a new kind of value to your relationship with customers.
According to research from Keefe, Bruyette & Woods:
Fee income in the second quarter of 2015 was down an average of 2% at the 128 banks they track.
For bigger banks, declines were at 6%.
The FDIC reports:
In Q2, total non-interest income for banks over $10 billion in assets declined by 2.35%.
Service charges on deposits declined by 2.09%.
Take action to grow your fee income and your customer connections by discovering how to deliver your best account lineup. Our two solutions — our CheckingScore analysis tool and mobile app powered by BaZing — provide an unmatched approach to delivering a modern, top-performing lineup and generating about $400,000 per billion dollars of assets in customer-friendly fee income.
Grow small Customer relationships. Protect the others.
Our CheckingScore analytical solution identifies and ranks all of your householded checking relationships — from the single product, low balance households that are costing you money, to the more valuable relationships that are generating the majority of your retail banking revenue.
Small customer relationships on average make up about 40% of your checking base, yet contribute about 2% of revenue and relationship dollars. Rather than charging these customers fees for the same services they already have, we provide you with new, appealing products and intelligent pricing that will fix and grow their financial contribution.
With CheckingScore, you'll understand customer relationships in a way your bank has never been able to understand them before. We'll use these results to tailor our BaZing mobile solution specifically to your situation.
MODERN MOBILE BENEFITS
BaZing is a rewards based app created with modern benefits that bring new value to your customer accounts. The app is totally personalized to your bank's name, look and brand and provides a seamless user experience for all types of customers.
With benefits like cell phone protection, local discounts, roadside assistance and more, you offer valuable ways to impact customers' everyday lives. By offering an account worthy of a fee, you increase income in a truly customer friendly fashion.
BaZing Mobile App Demo
View a demo of our BaZing mobile app from this year's Innovation Showcase at the ABA Marketing & Retail Conference.
Our two solutions, CheckingScore and the BaZing app, immediately boost your bank's bottom line with product and pricing solutions that improve customer retention, deepen relationships and increase customer friendly fee income depending on each customer’s existing connection with your bank.
On average, this yields annual, recurring financial productivity of about $400,000 for every billion dollars of assets, over what you're generating today from your consumer checking portfolio.
StrategyCorps is America's leading specialist in checking account profitability.
Since 2001, we've worked with hundreds of financial institutions of all sizes nationwide. Our experience and knowledge of consumer checking strategy, pricing and customer behavior has provided our clients with hundreds of millions of dollars of financial return, and we can do the same for you.
Let us show you CheckingScore and BaZing in action and how to discover your best, most profitable account lineup. Simply fill in your information below to request a webinar.
More questions? Contact us.