From understanding the pulse of the markets to keeping up with the disruptive trends every day, financial sectors should also be equipped to handle huge amounts of customer data to enhance real time transactional experiences and maintain deeper customer relationships in a competitive digital space.
Resolve customer data identity and entity.
Single record and single Id maintained for data from various sources.
Screened, checked and authentic data can be used for real-time insights.
Duplicate data from different sources can be cleaned, checked, and integrated into a single customerID.
Engage customer on digital platforms for campaigning financial opportunities and product adoptions.
Single customer data may be accounted for multiple accounts or line of businesses. Resolving multiple customer datapoints into one Golden customer record helps to create one authentic single source of truth.
GroupID or familyID for customers within an employer group or family group can be connected and used for multiple financial use cases such as identifying ultimate beneficiary ownership.
Remove junk data and noise to enrich data quality for clean processed data for immediate and accurate real time processing and insights.
Customer data from different sources can be de-duped against each other for data integrity.
Customer data can be screened and checked against watchlist data.
Check against credit bureau data, guarantors, references, and securitization process for common customers and multiple applications.
Reduce overleveraging customer data and multiple campaigns.
