Albany,New York (PRWEB) October 28, 2013
The report provides top-level market analysis, information and insights on relationship pricing strategies adopted by retail banks:
The Report (http://www.researchmoz.us/2020-foresight-relationship-pricing-report.html) provides global snapshot of relationship pricing adopted by retail banks in developing and developed economies in the banking industry.
It analyzes relationship pricing trends and key operational opportunities for retail banks.
It gives a detailed analysis of relationship pricing models adopted by retail banks globally.
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With changes in economic fundamentals, technology, regulatory frameworks and competitive dynamics, the retail banking industry has recorded a gradual transformation in its banking business models since 1990. Following the financial crisis, banks analyzed the importance of building a profitable and long-term relationship with their customers to increase revenues and profitability. Since pricing is affected by cost pressures and changing customer expectations, banks use the opportunity to build a strong customer relationship by offering a customer-centric business models based on relationship pricing.
Banks apply different relationship pricing models including product bundling, behavior- and time-based pricing, and personalized pricing to a diverse customer base which suits their individual banking requirements and willingness to pay. Product bundling enables the single point management of packages, prices and promotional offers to customers, providing customized packages and bundles including products and services from different business lines, rather than selling one product or service at a time. NatWest in the UK offers product bundling with discounted features which has resulted in an increase in profit margins.
Table of Contents and more information of 2020 Foresight: Relationship Pricing
(http://www.researchmoz.us/2020-foresight-relationship-pricing-report.html ) Available At Researchmoz.us
1 Executive Summary
2 Global Snapshot on Relationship Pricing
2.1 Global Snapshot
2.2 Key Drivers
3 Relationship Pricing Models
3.1 Product Bundling Pricing
3.2 Time-Based Pricing
3.3 Behavior-Based Pricing
3.4 Personalized Relationship Pricing
3.5 Multidimensional Pricing
4 Current Pricing Trends and Challenges
4.1 Operations Trends
4.2 Technology Trends
4.3 Regulatory Trends
5 Relationship Pricing-Based Loyalty Programs
5.1 Overview of Relationship Pricing-Based Loyalty Programs
5.2 Loyalty Programs Targeting Various Customer Segments
5.3 Case Examples
6 Implementation Strategies and Case Studies
6.1 Best Practices
6.1.1 Redefining pricing with the introduction of relationship pricing
6.1.2 Partnerships and collaborations to offer technologically advanced solutions
6.1.3 Using analytics to understand consumer behavior and offer personalized solutions
6.1.4 Introduction of higher margin reward programs to improve profitability
6.2 Case Studies
6.2.1 Citibanks introduction of time-based relationship pricing with the Citi Prestige Card in Hong Kong
6.2.2 Standard Chartered Banks behavior-based pricing in the UAE
6.2.3 Axis Bank signed up SunTec for relationship-based pricing and billing solutions
6.2.4 Union First Markets loyalty program to scale-up business
6.2.5 Wells Fargo implemented relationship pricing to market its savings and loans products
6.2.6 Absa Banks introduction of Value Bundles
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