Consumer Finance Pricing
Banks and financial institutions come to PriceBeam to get help optimizing fee-levels and bundle prices. In the current regulatory environment, banks experience an intense pressure from competition, which has commoditized many banking products.
PriceBeam’s services provide banks and financial institutions with data and consumer insight, to help identify which fees can be increased and which should remain low, so profits can be increased with minimum churn.
Typically, we help institutions in the consumer finance industry to:
- Optimize fee-levels to maximize profits
- Identify high-value features that differentiate them from competitors
- Call out commoditized offerings with high price-sensitivity
Our research is ideal for creating new price bundles that combine commoditized offerings with high-value ones, and increase overall willingness to pay of your customer.
You provide some details about your firm and your product, and PriceBeam’s solution automatically carries out extensive pricing research. You then get a detailed, interactive willingness to pay curve that you can use to optimize your pricing.