Framework for Enhanced Banking Product Development PPT

This PPT slide, part of the 31-slide Product Architecture Blueprint - Proposal for a US Insurer PowerPoint presentation, outlines a framework for developing parameter-based meta products aimed at enhancing sales and service experiences within the banking sector. It categorizes essential product parameters into 4 main areas: Funds Availability/Yield Curve, Transaction Instruments, Channel, and Linkages, with an additional focus on Reporting and Ancillary Services.

Under Funds Availability/Yield Curve, 2 options are presented: "At Call" and "Not at Call," indicating the flexibility in managing customer funds. The Transaction Instruments section lists various methods such as Cheques, Cards, and BPay, which are critical for facilitating customer transactions. The Channel category emphasizes multiple access points like EFTPOS, Internet, and ATMs, ensuring customers can engage with services through their preferred means.

Linkages highlight the interconnectedness of financial products, including Mortgage Offsets and Credit Cards, which can enhance customer value through strategic integrations. The Reporting and Ancillary Services section addresses the need for tailored reporting formats, frequency, and integration of information, which are vital for maintaining customer satisfaction and operational efficiency.

The slide also emphasizes the importance of customer and bank staff experience enhancements. It suggests a lifetime deposit facility customizable to meet evolving needs, which can lead to improved customer self-service capabilities. This approach not only aims to streamline operations, but also seeks to foster a more engaging and responsive banking experience.

Overall, the slide presents a comprehensive strategy for creating flexible banking products that cater to diverse customer requirements while enhancing service delivery and operational effectiveness.

This slide is part of the Product Architecture Blueprint - Proposal for a US Insurer PowerPoint presentation.

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