Business Services
Communications
Financial Services
Formulating the Strategic Plan for a Payments Technology Provider
Framing Opportunities Within Investment and Commercial Banking
Identifying Business Opportunities for a Payments Processor
Developing Requirements for a Stored Value Card Order Management System
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Identifying Business Opportunities
for a Payments Processor
An international leader in processing payment transactions is interested in exploring business opportunities within identity authentication. A strong brand, established relationships with other financial services firms, and current technology capabilities provide a basis from which the company can pursue new opportunities. Key objectives for a Corporate Strategy Vice President included conducting rigorous research and analysis to understand potential options to pursue and framing the opportunities to enable a strategic, action-oriented discussion by the Board. With limited time due to a hectic global travel schedule, the VP asked SimpatiCo for assistance. Based on SimpatiCo's blend of financial services and technology knowledge and experience, she trusted the analysis could be successfully completed from disparate locations with a minimal amount of guidance.
       SimpatiCo's Role


SimpatiCo pulled relevant information from a significant amount of research materials and reports previously collected by the VP and conducted additional research where warranted. All information was aggregated and translated into a useable presentation, accompanied by SimpatiCo observations:

  • Depiction of the landscape, players, and roles for delivering identity authentication services, using an activity chain framework
  • Identification and description of more than a dozen opportunities
  • Detailed spreadsheet with data for agreed criteria, such as market size, revenue potential, strategic importance, adoption risk, and competitive pressure for each opportunity
  • Summary presentation of each opportunity, including key considerations and rating of "pursue", "hold for critical information", or "decline to continue pursuit"
  • Comprehensive review meeting to discuss processes, learnings, and detailed outcomes

 

       Results


Within four weeks, the VP has an enhanced view of potential identity authentication opportunities. The value delivered was multi-dimensional, not the least of which was a cataloguing of all relevant data from a multitude of sources in a useable format. SimpatiCo's observations stimulated thought provoking discussions that helped the VP formulate strongly held, defendable positions for the upcoming leadership decision-making sessions. The knowledge and data was also used to place each opportunity on a matrix indicating relative opportunity attractiveness and fit for the company, forming the basis for additional discussions and decisions by company leaders.





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