AUSTIN, Texas--(BUSINESS WIRE)--Sheshunoff Consulting + Solutions (SCS) announces its clients’ Regulation E opt-in rates on average exceeded 80% for NSF/OD customers, compared with anywhere from 50 to 70% reported by industry researchers. SCS consultants helped financial institutions improve and maintain this revenue stream by designing comprehensive approaches to promote customer opt-in to overdraft services.
“SCS believes that without a defined strategy, income loss is significant. However, we worked with the institutions on developing a variety of strategies to ensure every customer contact channel was used to encourage customers to opt in to the NSF/OD service,” says Gabrielle Sheshunoff, President & Chief Executive Officer of SCS.
SCS consultants provided the expertise that enabled institutions to enhance revenue by optimizing customer opt-in rates. SCS offers services to help financial institutions create, improve, and maintain revenue stream and profitability, focusing on non-interest income, non-interest expenses, interest expenses, and net interest margin. Initially, SCS’s experts will assess the institution’s revenue enhancement opportunities to identify quick hitting strategies that can self-fund implementation with positive cash flow as soon as possible.
“Our customers tell us they continue to be highly concerned about loss of revenue and we want to assist them and others in alleviating these concerns,” says Gabrielle Sheshunoff. “We have developed an approach that can be adapted to any financial institution’s specific needs.”
About Sheshunoff Consulting + Solutions
For more than 38 years, Sheshunoff Consulting + Solutions has been a leading financial services industry consulting firm. SCS enhances its consulting services with proprietary technology solutions, and also offers its financial industry customers executive development programs and investment banking services. Sheshunoff is a trusted advisor to the banking industry, providing institutions with the tools they need to improve profitability, optimize business processes, manage risk, maximize technology, and meet regulatory requirements. Ultimately, SCS positions institutions for long-term growth. For more information, visit http://www.smslp.com.