Financial Services/Insurance

Embrace ever-changing regulatory and compliance requirements.

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.

Still wasting money and manpower with manual report updates?

This 500 Insurance Provider was until LumenData automated their system and improved their business management.

See the Study →

Why Choose LumenData?

Enterprise Data Management Expertise. At LumenData, we focus exclusively on MDM, Data Quality, and Data Governance. And with our deep-rooted product knowledge from decades of experience in leading and developing MDM products at major MDM software companies, we understand what it takes to implement MDM quickly and with lower risk.

Data Governance and Data Quality. A governance program that supports data-related decisions and actions is crucial to the success of your MDM implementation. LumenData’s Data Governance services help to coordinate and align all stakeholders on data policies and procedures. Our Data Quality services span from health checks to enterprise data quality deployments across multiple domains.

Our Partnerships Set Us Apart. We work with our partners to co-build products, influence product direction, and build complementary solutions.  We bring industry-specific expertise by being involved with our partners’ marketing- and customer-facing teams to accurately meet the needs of customers.  Learn more about our Partners.

Pre-built Integration Solutions. In addition to our MDM expertise, LumenData has developed many integration solutions to fast-track MDM deployment. These solutions include integrations to cloud and on-premise applications such as, Peoplesoft, and Siebel CRM.

Cloud Expertise. As some applications move towards the cloud while others stay on-premise, enterprises will face key decisions on how to manage their data across different environments. With our cloud expertise, we can guide you in choosing the most effective environment for your company, whether it is staying on-premise, moving to the cloud, or a hybrid of both.