Consumer Lending Systems Consolidation--Value Proposition

Client Need: A technology services provider requested assistance with the development of a business case to capture the value for a bank client to move from five consumer lending platforms to a single technology solution .

Solution: BenchMark qualified specific feature/functionality from the single technology solution and quantified operating expense reductions to the client after conversion to a single platform. Gains were also identified in the areas of risk avoidance and customer service delivery.

Results: BenchMark identified annualized recurring savings of approximately $22 million from consolidation to a single technology solution.