Are you trying to determine the right market segmentation for your solutions? Maybe it you have a specific target market but are not getting traction in building a strong pipeline. It might not be that the market is ready for your product. In fact, it is quiet possible that you are targeting the wrong segmentation or region. Our Advisors will give the insight needed to determine the most accurate addressable market.
Financial institutions are faced with understanding current trends and the demands of younger generation customers and members. Technology is rapidly changing too, and that must also be incorporated into the Strategic Plan. Optimizing multichannel financial services by leveraging technology is just one dimension to growing your Financial Institution. Strategic Planning must come before technology implementation to ensure that business goals are correctly aligned with selected technology solutions. These solutions must be vetted against the Financial Institution’s business objectives so that the technology efficiently serves the business.
Our advisors take a holistic view of the technology infrastructure when we assisting our clients with a technology assessment and technology plan. Our process includes:
When bringing in a new Financial Institution technology vendor, one of the most important parts of the process is the contract negotiation. With the right contract in place, your business can move forward knowing you are getting the technology you need at a price that works in your budget. While the amount of savings varies tremendously based on a number of factors, such as how many solutions you have with a particular vendor, the time since the prior contract and other factors, we see a minimum savings of between 9 and 23 percent on their total technology spends after our thorough technology negotiation services. Several of our clients are able to save much more than this.
We have developed our Cyber Security Review to address these points and help organizations improve their cyber resilience strategy:
Transform FinTech can manage your vendor risk management program. Our service gives you consistency for managing your vendors and holding them accountable to their contractual commitments.
Our services include: