The task of successfully navigating a financial services new product development (NPD) is one of the highest risk and challenging pieces of collaboration that a financial services firm will ordinarily undertake and these factors are often underestimated. The complexity of the differing functional agendas, work approaches, perhaps different physical locations means that focus implementation leadership is required.
For you to move from an interesting idea, through to business case, the delivery implementation and launch will typically involve cross-functional working between, at the very least:
- Proposition Development
- Actuarial
- Sales Distribution
- Marketing
- Operations
- IT
- Legal
- Compliance
In addition a new market entry might require setting up and launching a new company, so then add in:
- Procurement
- Facilities
- HR resourcing
- Learning and Development
- Plus third-party vendor, suppliers, agencies and perhaps outsourcing
We have experience in taking organisations through the whole cycle to a successful market entry. We focus on shaping a truly valuable market proposition and then ensuring that this is correctly operationalised and launched so that the customer experience maximises the target revenue.
From the start to the end of the change journey we are managing delivery and the supporting change communications.
Contact us for more information.