StrategyCorps

As recurring revenue experts with retail banking backgrounds, StrategyCorps brings the subscription revenue model (think Amazon, Netflix and Spotify) to retail checking.

The strategic revenue plan we implement for our financial institution clients is tailor-made through our performance analytics solution and then delivered on our customizable, mobile first platform, incorporating consumer-friendly benefits that consumers have proven they want and will gladly pay for.

Retail Checking Challenges Banks Face:

  • Finding relevant replacement fee income when checking related net interest income, interchange income and overdraft revenue are all trending down.

  • Addressing the mobile engagement advantage of megabanks and super-regionals that are getting more than their fair share of retail checking growth at the expense of smaller financial institutions.

  • StrategyCorps helps financial institutions bravely face these market challenges and successfully win the battle for checking relationships.

What StrategyCorps Delivers to Financial Institutions:

Financial Success 
We materially increase the financial productivity of retail checking by generating recurring, consumer- friendly fee income (annual estimate is $60 per account for about 40% of accounts) and boosting revenue generating banking behaviors - more interchange and overdraft revenue and low cost deposits (producing in total about $500,000 of repeating annual revenue per billion dollars of assets).
 
Deeper Customer Relationships
Our awesome subscription fee based products are attractive to all demographics, especially millennials and value-based customers. These competitively different products deepen consumer engagement, making the FI more likely to be the primary FI for retail banking needs and setting the stage for the FI to have customers/members for life.

How We Do This - Our Two Linked Solutions:

CheckingScore - Analytics with an Action Plan
Identify and benchmark your current checking performance. Implement an actionable strategy to protect and grow the most financially productive relationships and fix and grow the ones that are dragging down your financial institution’s earnings.
 
BaZing - Monetizing Mobile with Friendly Revenue
Generate more revenue with a white-label mobile rewards app delivering modern, innovative checking benefits that consumers want and need in their everyday lives and are market proven to be more engaging.

Contact Information

David DeFazio, Partner
​StrategyCorps
(615) 498-5220
ddefazio@strategycorps.com

Customer Testimonial

"StrategyCorps has been a valuable business partner since 2016. We engaged them when we were looking to consolidate, simplify and freshen up our consumer checking line up. A big part of this project also included the migration of our existing customer base to the appropriate new checking account. This was a big project for us and retention of our valuable customers was critical, therefore, the selection of the right business partner was key.

StrategyCorps uses a “Checking Score” methodology to rank each household by revenue, assign a score and recommend the appropriate migration path. This allowed us to successfully move over 62,000 consumer checking accounts from 15 different account types to 7.  We have 3 primary consumer checking accounts of which 2 feature the BaZing benefits.
 
Since the beginning, StrategyCorps has been a highly engaged and collaborative partner, ensuring the program meets our needs and is attractive and relevant to our target customers. We have been with them for 5 years and we continue to experience a high level of engagement. Our account manager is knowledgeable, proactive and cares about our success. She is ready to help when we request training for our team and proactively shares ideas and relevant news on an ongoing basis."
Cindy Hirman, Retired
EVP & Chief Banking Officer
Heritage Bank