Centralized Product Pricing In Your Bank

Deciding to switch the management of product pricing from a decentralized process to a centralized process, is not a decision to be taken lightly. Pricing forms the cornerstone of a bank’s competitive positioning and is a key element in determining its bottom line. There are many factors to consider when making changes to a pricing strategy within a retail bank that it can seem overwhelming at times. And who’s to guarantee that the gain of centralization will be worth the disturbance it may cause?