Enterprise Product Catalog
An enterprise product catalog gives your bank the edge
Centralized product information positions you to respond to the accelerating pace of change
The problem
It is slow and costly to bring a product to market and make changes
Our solution
The single place to define and distribute product information across the enterprise
Configure and master all types of products, including third party and non-financial
Enable business users to manage changes with minimal or no IT intervention
Enable on a real-time source of truth for use across all cores and all channels
Master product variants outside of core systems
The problem
It is complex to design and align products that meet customers where they are in their life journey
Our solution
Launch relevant and personalized customer value propositions at speed
Flexibility to package products and services that are hyper-personalized
Derive and operationalize customer/product segmentation strategies
Eliminate changes to a myriad of systems while launching new propositions
The problem
It is difficult to prevent the miss-selling of products and services
Our solution
Prevent miss-selling through the central definition and application of rules of who can have which product
Define and maintain eligibility rules from a selling and regulatory perspective
Present propositions and products only to eligible customers
Transparency and audibility of what is offered to whom, when, and why
The problem
Fragmented processes frustrate bank employees and increase risk
Our solution
Streamline, digitize and connect product management processes
Provide unified and easy access to product and proposition information
Make it easier for employees to mitigate risk and avoid miss-selling
Eliminate repetitive tasks through digitization and automation
Attract the right talent by providing a modern workspace and experience
Outcomes
Modernized core banking & business and customer experience transformed
Material reduction in the complexity of legacy cores
Externalizing product definitions, segmentation from core banking systems and into the product catalog reduces the number of products supported as well as the manual interactions required
Streamlined digital channels and improved customer experience
By implementing an enterprise Product Catalog, the bank’s entire ecosystem has a single source for product and pricing information, thereby reducing the cost of maintaining digital channels, accelerating time to market for new propositions and unifying customer experience across all channels
More precise customer segmentation
Within the Product Catalog, products and packages can be directed at granular segments, optimizing client experience and adoption
Growth driven by personalized product and pricing across all channels
Fit for purpose products and packages defined within the Product Catalog can be published across the bank ecosystem enabling granular go-to-market strategies
Reduced operating risk capital allocation
Unlimited product and pricing flexibility without compromising control
Product Catalog’s native extensible data model gives business users the flexibility to design and maintain the go-to-market models that work for their customers and prospects
Reduced total costs of ownership for core banking systems
Externalizing product definitions, segmentation from core banking systems and into the Product Catalog reduces the number of products supported and lowers total cost of ownership of core banking
Our solutions
Learn about our other solutions
Dynamic Relationship Pricing
Drive sustainable growth and profitability with personalized pricing
Core Modernization
Simplify and accelerate banking modernization and digital transformation journeys
