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Digital Transformation and the Future of Insurance

Fico Collections

There’s isn’t an industry in the world that hasn’t been impacted by digital disruption and digital transformation: from banking and insurance to snow plowing and dog-walking, the ways customers are finding, comparing, and selecting products and services is constantly changing. Learn more: FICO insurance solutions. Smith, etc.

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A Guide to Auto Loans in 2022

Better Credit Blog

Examples include using a mortgage to purchase a home or investment property, or a student loan to get a college education. Similar to mortgage subprime loans, subprime auto loans charge very high-interest rates. Where you might be able to get 3.99% from a bank or credit union, a subprime loan may come with a rate of 23.99%.

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Build Winning Customer Experiences Without Tanking Efficiency

Fico Collections

Consumers spent hundreds of thousands, even millions, on banking and insurance products over the course of their lifetimes. million over their working lifetimes; double that for individuals with higher education and more lucrative occupations. According to census, real estate, and banking data, the average person: Moves 11.4

Banks 52
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Closing the Case for Customer Centricity & Digital Transformation

Fico Collections

Despite decades-long customer relationships, years of aggressive investment in information technology, and volumes of rich customer data from which personalized services could be extracted, traditional companies continue to bleed customers: In banking, 5.6 customers switched their primary banks last year; 6.3 million U.S. million U.S.