Quantzig, a global analytics solutions provider, has announced the completion of their recent price analysis study on the banking industry. The client, a renowned consumer banking firm, wanted to compare their pricing strategies with that of the competitors. The main aim of the client was to leverage the use of price analysis and devise effective pricing strategies to curtail additional costs. The consumer banking firm also wanted to understand their customer's preferences to prevent inefficiencies in consumer banking processes.
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Pricing Analytics Assists a Leading Consumer Banking Firm to Devise Effective Pricing Strategy. (Graphic: Business Wire)
According to the price analysis experts at Quantzig, "Major organizations in the consumer banking industry are shifting towards a value-based approach to deliver transparency without compromising on the efficiency of their service."
In the consumer banking industry, pricing plays an important role in retaining the customers and driving profitability. Consumer banking firms are using price analysis to retain customer satisfaction, reduce churn rates, and deliver a better value proposition of products and services. With the changing consumer preferences, price analysis assists businesses to boost their profitability and increase their customer satisfaction levels.
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The price analysis solution offered by Quantzig helped the client to improve their savings by efficiently understanding the consumer behavior. The consumer banking client was also able to predict the market share and further manage customer profiles effectively. Additionally, with the help of this engagement, the consumer banking client was able to establish a reliable value-based pricing structure.
This price analysis solution provided benefits that helped the client to:
- Improve profitability and market share
- Understand customer buying decisions
- To know more, request a free proposal
This price analysis solution offered predictive insights on:
- Understanding the customers and driving their loyalty
- Estimating the impact of pricing on sales volume
- To know more, request a free proposal
View the complete price analysis study here:
https://www.quantzig.com/content/price-analysis-customer-banking
About Quantzig
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 12 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on all of Quantzig's services and the solutions they have provided to Fortune 500 clients across all industries, please contact us.
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Anirban Choudhury
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