Digital Finance Strategy for a leading Commercial Bank
2018-05-31 - 2018-05-31
The Client hired LFS to conduct a high-level assessment of the current Digital Finance Strategy of the Bank and to prepare recommendations for next steps.
Description of Actual Services Provided within the Assignment:
Institutional Assessment of the Client (SWOT Analysis).
Review of state of preparedness for Digital Finance.
Option preparation and recommendation for two different entry routes into digital finance:
Implementation of wallet (own or in co-operation with a Telco) as a client acquisition tool in the retail market; or
Digital mobile account with P2B and P2B functionalities, credit functionalities and cash, balance and cash handling functionalities for SME clients of the bank, client retention and acquisition.
Development of a high-level design for the transactional account.
Development of scope and budget for a respective feasibility study
Main outcomes for the client:
Feasibility study for a transactional account solution