REDUCING COST INEFFICIENCIES IN TRANSACTIONAL PRODUCTS AND SERVICES (TPS) DIVISION – OUTWARD TELEMATIC TRANSFERS (OTT) IN UGANDA

Aspect Advisory collaborated with the Transactional Products and Services (TPS) division of a leading banking group to execute a Proof of Concept (PoC) initiative aimed at reducing cost inefficiencies associated with Outward Telematic Transfers (OTT) within Uganda.

Solution

Identified areas of cost waste and optimized the product life-cycle to deliver cost-effective services to customers i.e Quantification of Costs, Strategic Recommendations, Cost Optimization Roll-out Plan.

Result

Loan-level profitability pricing

Themes

Cost efficiency and Process Optimisation

Financial analysis, Process optimization, Data-driven decision-making

Business Area

Transactional Products and Services

Banking

International Transfers/Cross-border Payments