industry

Financial Services

Customer retention

Client:
  • Large U.S. Bank
Problem:
  • Balance sheet growth stalled
  • Existing customer retention programs of limited effectiveness
  • Need to stem customer attrition and develop internal retention competency
Approach:
  • Granular analysis to establish de-averaged view of attrition problem and retention
    efforts
  • Identified customer treatments intended to deepen client relationships actually
    destroyed value
 
Results:
  • Measurable balance sheet growth
  • Redefined customer contact strategy
  • Avoided negative return expense
  • Created internal retention competency
  • Delivered 260% retention effort improvements