1 / 13

Development & Marketing New Products & Services in the Caribbean Financial Services Sector

Development & Marketing New Products & Services in the Caribbean Financial Services Sector. Outline of Presentation. Economic Backdrop Core Product Offering Financial Product Evolution The Future of Caribbean Financial Services. Economic Backdrop. Phase 1: Development.

chase-lyons
Download Presentation

Development & Marketing New Products & Services in the Caribbean Financial Services Sector

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Development & Marketing New Products & Services in the Caribbean Financial Services Sector

  2. Outline of Presentation • Economic Backdrop • Core Product Offering • Financial Product Evolution • The Future of Caribbean Financial Services

  3. Economic Backdrop Phase 1: Development Trinidad & Tobago Financial Crisis Privatization of Jamaica’s Banking sector 1980s Change of Government and Economic policy in Barbados Phase 2: Liberalisation & Restructuring Recovery Trinidad &Tobago Financial System Trinidad and Tobago Financial Liberalization 1990s Jamaica’s Financial Crisis Recovery from Jamaica’s Financial Crisis Phase 3: Growth Technological advancement help create Dynamic financial product changes, re-shaping The regional financial landscape 2000

  4. Core Product Offering Commercial/Retail Banks Merchant Banks

  5. Evolving Financial Products Commercial/Retail Banks Merchant Banks

  6. Financial Landscape

  7. Drivers of the Evolutionary Process • Internal Factors • Cost reduction • Channel development • Risk management • External Factors • Globalization • Financial liberalization • Technology • Growing Client Sophistication

  8. Next Evolutionary Phase LOW-COST TECHNOLOGY WEALTH MANAGEMENT SERVICES

  9. Competing Imperatives • In the evolving wealth management era a Strong Brand is crucial to attracting and retaining long-term customers • A one-stop shop – to fulfil all customer needs under one roof • Growing product sophistication requires an internal focus on Risk Management • Implication: • A collaborative approach amongst niche providers. • International and regional partnerships to complete product offering

  10. Marketing and Distributing Financial Products

  11. Marketing & Technology

  12. Competition vs Collaboration

  13. Resourcing Evolution • Knowledge based resources • Integrated IT to for customer information capture • Systems for high level service delivery and follow up • Constant Learning and Growth

More Related