Unlocking the Power of Compliance Data: The Product and Pricing Lifecycle Management Solution Revolution
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Turn cost centres into profit centres with Product and Pricing Lifecycle Management.
Excerpt from the white paper
The flurry of recent compliance and regulatory initiatives affecting the financial services industry has created a store of incredibly valuable customer behaviour data. However, for most organizations, the additional data retrieval effort represents only another compliance cost – significantly operationalizing this data in any meaningful way is beyond the capability and/or budget of most financial services institutions. Product and Pricing Lifecycle Management (PPLM) alters the economics and capability of bank technology, and helps banks to turn compliance data from a sunk cost into a significant revenue opportunity.
It does not take too much imagination to see how KYC data (and other compliance data) could easily provide that fine granularity of segmentation and assist in the development of customer solutions that would indeed feel highly tailored to the customer.