Blog & resources

“pricingand product management need to be architected into separate services that sit outside the individual core banking platform” - outlining the future architecture of retail banking pricing.

Breaking down the:

• Continuous lower market evaluation
• Potential to improve bank performance
• New, alternative pricing strategies

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Breaking down the:

• trends impacting core development,
• the need for speed,
• routes to successful modernization, and
• rethinking 3rd party relationships

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Breaking down the:

• current industry trends,
• outlook on 4 long-term strategic trends,
• immediate impact and opportunities for banks and
• focus areas to win the near future for banks.

Our target as Nova Services is to help our financial institution partners in making well founded decisions on how to build their next generation system architecture. To achieve this we provide you with services and materials based on our expertise in both, the development of customized as well as off-the-shelf solutions.

The goal is to ensure that your project is successful at the first attempt, whether you choose to implement an off-the-shelf solution or to develop your own solution - with or without our help.

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We all have gotten used to arrange ourselves with the software solutions we have.

No one ever says they love Microsoft products, but we still have gotten used to work with them, to swear at their short-comings, and to plow on and get our jobs done with them.

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But sometimes it is worth to take a moment to take stock and see how your software solution measures up to your requirements, to the industry average and to the best standards in the market.

Especially for a solution so central to your market success as your pricing solution. Your pricing solution can either strongly support your market success or hinder it.

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So it is worth to assess your pricing solution in three core dimensions:

1.) Growth driver - does your pricing solution support you to drive profitability and market share by providing you pricing flexibility and an effective time to market?

2.) Business stability - does your pricing solution provide you with performance capacity for complete and timely pricing regardless of pricing complexity and pricing volume?

3.) Process efficiency - does your pricing solution provide you with the technical flexibility for efficiency, so your margin doesn’t get eaten up by ill-proportioned costs?

‍

We all have gotten used to arrange ourselves with the software solutions we have.

No one ever says they love Microsoft products, but we still have gotten used to work with them, to swear at their short-comings, and to plow on and get our jobs done with them.

‍

But sometimes it is worth to take a moment to take stock and see how your software solution measures up to your requirements, to the industry average and to the best standards in the market.

Especially for a solution so central to your market success as your pricing solution. Your pricing solution can either strongly support your market success or hinder it.

‍

So it is worth to assess your pricing solution in three core dimensions:

1.) Growth driver - does your pricing solution support you to drive profitability and market share by providing you pricing flexibility and an effective time to market?

2.) Business stability - does your pricing solution provide you with performance capacity for complete and timely pricing regardless of pricing complexity and pricing volume?

3.) Process efficiency - does your pricing solution provide you with the technical flexibility for efficiency, so your margin doesn’t get eaten up by ill-proportioned costs?

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