Just as the financial industry is feeling a collective case of whiplash – we arrive in budget season. It’s been a while since the industry has been on such a roller coaster, and that has even the most seasoned financial professionals scratching their heads about how to plan for 2023.
A recent Jack Henry U.S. strategic priorities benchmark study found that many financial institutions are sharing the same four concerns heading into 2023:
• The Economic Outlook
• Waning Customer Loyalty
• Exploding Services and Payment Trends
• Which Technology Is Worth The Investment?
Banks and credit unions have a wealth of insights within their account holder data, but must improve how data is put into action. The way to combat all of the above concerns? Using data intelligently.
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