Reltio Unveils Solutions for Financial Services, Insurers to Speed Digital Transformation
New velocity packs with industry-specific data models, with predefined configurations for the financial services and insurance industries, significantly accelerate implementation times.
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Reltio, a leading cloud-native modern data management company, is helping companies in banking, asset management, investment services, and insurance jumpstart their digital transformation journeys and speed time to value with tailored solutions and prepackaged configurations, integrations, and implementation assets specific to their industries.
Reltio has taken its knowledge and experience to build industry-specific, out-of-the-box data models with prebuilt integrations to popular applications and predefined implementation assets to create Reltio for Financial Services and Reltio for Insurance velocity packs. These packs are part of Reltio’s series of industry-specific MDM products.
Reltio’s velocity packs help organizations by significantly reducing the time it takes to collect, unify, and enrich their core data so they can begin using the real-time data to drive business outcomes. Velocity packs offer an intuitive experience, low-code/no-code integration tools, and unique delivery methodology to further speed time to value.
“With our tailored solutions for financial services and insurance companies and unique delivery methodology, our customers are consuming and activating trusted, unified data in less than 90 days. We empower these businesses with a complete view of their customers, financial accounts, policies, claims, assets, the relationships among households and business entities and more – which businesses can now implement typically in just weeks, rather than years,” said Manish Sood, CEO, founder, and chairman of Reltio. “By rapidly gaining access to trusted, real-time data across systems and departments, financial services and insurance companies can effectively run their transformative initiatives and obtain reliable insights to make time-sensitive strategic and operational decisions.”
Along with velocity packs, Reltio provides its customers an industry-specific, business-value framework that identifies transformative initiatives where customers can achieve ROI and extend the value of their MDM investment beyond the initial use case.
Reltio’s packs include three core elements to help businesses bring their MDM projects to life more quickly:
- An out-of-the-box, customizable data model specifically tailored to financial services or insurance organizations
- A prescriptive implementation methodology that simplifies the process and reduces implementation time
- Pre-built integrations with industry-standard applications and data enrichment sources.
Reltio for Financial Services Velocity Pack
Using Reltio’s modern, cloud-native software-as-a-service (SaaS) modern data management solution, financial services organizations can unlock critical data in legacy systems and provide timely, trusted data across the enterprise to increase operational efficiency, drive profitable growth with client centricity, and simplify risk management and compliance. With clean, real-time data, banks can streamline activities, such as customer life cycle management, conflict-of-interest checks, reporting on book-of-business for each client, and more. Organizations can also deliver consistent, reliable digital experiences and increase marketing effectiveness by fueling customer-facing systems with accurate, insight-ready data.
Users can improve process efficiency by ensuring users across the institution, such as customer service reps, have consistent, accurate, and complete information in their operational system, and by activating accurate reporting and analytics in a timely manner to help them make better and faster operational decisions, as well as simplifying compliance by managing customer data in accordance with their consent to retain trust and avoid penalties, and comply with regulations.
Reltio for Insurance Velocity Pack
Using this pack, insurers can efficiently adopt customer centricity and reduce costs with efficiency and simplify compliance. Reltio allows customers to increase upsell and cross-sell opportunities by gaining complete visibility into the entire customer journey; offer seamless omnichannel experiences; empower agents and brokers with trusted data; support intelligent process automation of core processes by minimizing data error issues and bottlenecks; and ease integration with acquired or partner systems to launch new products and services quickly and efficiently.
More information is available at Reltio.com.