Inductis has broad and deep experience in providing analytic and strategic support to the financial services industry. We have served credit, investment, insurance, retail banking, equipment finance and other specialized clients in the financial services industry, the nation's largest industry category in terms of market capitalization.
Product innovation, consolidation motivated by economies of scale, deregulation, globalization and constant change, have led to increased competition in the financial services sector. Combined with an uncertain business environment, this has increased the risk for small and large firms alike. Increased competition has squeezed industry margins affecting firm's profit margins. As a result financial institutions are under tremendous pressure to improve their competitive edge in order to survive. In such an environment, firms that are likely to succeed are those that can build lasting customer relationships, improve efficiency and implement better risk management practices.
These tough business challenges facing financial services firms demand solutions that deliver immediate benefits to capitalize on future opportunities. One avenue to achieve these goals is to leverage the information contained in the vast stores of data at the disposal of these financial firms. Such data includes data from applications, credit bureaus, transaction histories, communications with customers, marketing data etc. Through data analytics and predictive modeling, firms can make better informed decisions and improve profitability.
At Inductis, we bring together strategy and analytics to achieve measurable, rapid results for our clients. Our data-intensive management consulting approach combines in-depth analysis and a healthy dose of pragmatism. This ensures that we deliver near term results that translate into lasting impact to all our clients, many of whom are leaders in the financial services industry. We have developed solutions related to all aspects of the financial services customer relationship-including credit risk, marketing, customer acquisition, customer retention, cross sales, collections, pricing, loyalty programs and portfolio optimization.
For example, Inductis has helped a global financial services company use the internet to reshape its interactions with customers, suppliers and employees. Our analysis helped the company discover that moving client account servicing to the web using existing infrastructure could save $50 million. We also helped the company's brokerage business uncover an additional $50 million in savings and improvements.
Another example of our success in assisting financial services companies has been with a large credit card company that was experiencing stagnant growth while the competition was growing at a faster pace. We took a close look at their product line to help them redefine their pricing. After performing in-depth data analysis, client interviews, and in-market testing, we identified specific segments where the pricing pressure was intense and helped our client move from a simple pricing structure to a segmented strategy.
Our specialty lies in identifying high-impact problems and opportunities where we can generate results quickly, creating immediate and lasting value. We have helped leading companies across a range of industries, including financial services, retail, business services and travel. We stand behind our work, and we are always willing to share risk with our clients, offering our services as fee-based or results-contingent.
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