The financial services and insurance industry is continually hit by a perfect storm of three challenges:
- Regulations & Compliance: Constantly changing regulatory and compliance requirements.
- Customer Demands: Increasing customer expectation for innovative services across all channels and across all touch points.
- Market Complexity: Evolving domestic, global, and interconnected market.
These challenges hinder the firms from achieving a complete 360o view of their clients, which in turn, results in the following pain points:
- Low marketing ROI
- Customer dissatisfaction
- High customer management costs
- Increased liabilities due to non-compliance
- And many more
LumenData can help you address the above issues by showing you how to leverage our Data Governance services and industry-specific MDM expertise.