In 1983, Motorolla released the Motorolla DynaTAC 8000X. On the market for $4000, It was the first commercial mobile phone and offered a mere 30 minutes of talk time. Fast forward a few decades, and smartphones are more common than toilets (this is true: more people in the word have phones than toilets). A stark contrast to 30 minutes of daily talk time, today, the average person unlocks his or her cell phone 110 times per day.
In our last blog post, we shared and explored the top 8 trends that are currently influencing wealth management onboarding. One of those trends is so pervasive and impactful that we felt it deserved its own blog post. That trend is the overwhelming shift towards integrated client onboarding experiences. Like we mentioned in our last post, firms have historically viewed the client onboarding process as a standalone process. But, today, firms are taking a broader, more client-centric view of the onboarding process.
As everyone in wealth management knows, the onboarding process is the first step towards a great client relationship. If all goes well, it builds the foundation for a long and mutually beneficial future for the client, advisor and firm. Because the onboarding process really begins with the first contact with an advisor, a negative experience could make a bad first impression, or, worse, cost you the client.
If you're attending the American Fraternal Alliance Spring Symposium next week, let us know! Roy Goodart and Scott Hunter will be representing IFS and discussing how expedite is helping fraternal organizations modernize their document delivery.
Last week, several members of our team had the opportunity to attend IRI Ops & Tech in New Orleans. We had a great time connecting with old and new friends, hearing about the latest trends and updates in the retirement income industry, and learning about IRI’s current and upcoming initiatives.
As we prepare for the launch of Annuva (for annuity maintenance) and expedite (for ePolicy delivery) in the coming months, we will begin posting more insurance and InsurTech content on our blog. Last year, we published this post on the top financial services blogs to follow. Not only has this blog post been one of the most viewed we’ve written, it’s also served as a great resource for FinServ and FinTech industry news, trends and commentary. We’ve decided to do the same for InsurTech as we launch more products for the insurance industry. This roundup of blogs represents the best commentary, insight and news in the insurance space:
We are looking forward to IRI Ops & Tech in New Orleans, in just a few weeks. If you're attending the event, plan on attending our breakfast session on Thursday May 4 with Randy Barnes and Travis Champion. The session is titled "A World of Pure Automation: The Golden Ticket for the Future of the Retirement Income Industry." We'll present the session twice, once at 7:30 am and another at 8:10 am. We promise we'll make it worth waking up so early! See below for details on our session:
Topics: IFS Events
In our previous blog post, we discussed the reasons why some of the leading Turnkey Asset Management Programs (TAMPs) are partnering with IFS to create comprehensive back office solutions. When we talk to TAMPs about how our solutions for client onboarding, asset movement and account maintenance, can fill some of the critical gaps in traditional TAMP offerings, one of the most common questions we get is: “Can’t I do all of this with a Document Vendor?”
Insurance carriers are increasingly turning to ePolicy Delivery as a way to improve customer experiences and streamline the document delivery process. When deciding which ePolicy Delivery solution to use, insurance carriers must weigh the pros and cons of building an in-house solution versus purchasing an out-of-the box one. But is there a better alternative? The infographic below shows the benefits of each approach, and how expedite offers the best of both worlds.
In honor of Saint Patrick's Day today, we wanted to dedicate a blog post to the holiday that celebrates all things Irish, especially good luck. But what exactly does business process automation have to do with "the luck of the Irish?" When we talk about the solutions we offer, we do our best to emphasize the benefits they bring to our amazing clients. In this post, we decided to take a twist on our usual approach by letting some of our wonderful clients share their experiences and the "luck" they've seen by working with us over the years.