24 April 2014

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Lucy Clark - Certeco

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A post relating to this item from Finextra:

European FS industry not making most of customer data - Finextra survey

24 October 2012  |  8383 views  |  0
Customer data is still a misunderstood and underused asset at European financial institutions, seen by many as a purely compliance issue rather than a potential source of revenues, according to a Fine...

Customer data often the weak link..

25 October 2012  |  1510 views  |  0

Customer data remains one of the biggest sources of customer complaints and issues for retail banks and insurers, despite the regulatory requirements of programmes like Know Your Customer (KYC) and Solvency 2. Often the customer proposition and 'so what does this mean for the customer?' gets lost, as the rush for compliance deadlines gains momentum.

Customer Information systems are often resident in product/services systems and the real time nature of Generation X's use of many self service solutions and their communication with friends and family means there is plenty of complexity for IT and business people to manage. But the prize of happy customers providing referrals for the business is greater than ever.

Bob Thomson, Certeco

TagsRetail banking

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Lucy Clark

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Certeco

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