ARTICLE
3 March 2023

Maturity Of Customer Data In Banks And Insurance Companies

W
Wavestone

Contributor

Today, across all sectors, personalization of customer journey and experience has become fundamental due to new customer expectations but also from a business point of view.
Worldwide Finance and Banking

Today, across all sectors, personalization of customer journey and experience has become fundamental due to new customer expectations but also from a business point of view.

Financial services have made progress on this issue, especially traditional banks to catch up with Fintechs. For instance, there is an increase of the banking NPS (Net Promoter Score – an indicator for knowing and measuring customer satisfaction and loyalty) from 5 to 12, between 2021 and 2022. Indeed, as data accessibility and competitiveness with other players intensifying, companies must now move towards a hyper-personalisation strategy.

To better understand this trend, we have conducted a study in English, in partnership with Qorus association whose you can find the report. It focuses on the maturity of banks and insurers in using data to offer unique customer experiences.

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