Jerry is looking into third party services to help him re-structure his budget, given his new salary, and is weighing various investment options (including real estate) – but is feeling overwhelmed by all the options, and paperwork involved in seeing his options.
Financial institutions are searching for ways to connect more deeply, in order to better serve their clients.
Third party services are looking for ways to connect to their target market.
IDENTOS can support the scaling of a trusted digital ecosystem built to empower clients to access relevant services that include trusted services beyond the institution. Financial service companies can extend the security and strength of existing KYC processes while creating new avenues of service monetization; all while building customer loyalty and retention.
Where Jerry already has his bank’s mobile application on his smartphone, it becomes the perfect medium for him to elect to connect and share his data to trusted third party services such as complementary insurance and lending services, budgeting tools, robo-investing apps and more -- all trusted and vetted by his financial institution. He can now budget seamlessly and explore his investment options at the tap of a button.
Later, getting property insurance on his new condo can be done at his fingertips, all through his financial institution’s app.
Jerry’s financial institution benefits by monetizing connections and connected services benefit by having access to Jerry, their target market.
Book with us to learn about how IDENTOS specializes in helping you solve for current challenges and innovate for the future.