AS the industry moves from the structure of ‘product’,
‘platform’ and ‘distribution’ to one of ‘proposition’, ‘site’ and ‘engagement’,
we are seeing some distinct trends around how Financial Simplicity and our
clients are doing things.
One of the key trends is about ‘connection’ – just
connecting systems and working to common sets of data. Rocket science no, but
straightforward in achieving such, no also. Naturally there are issues such as
data privacy, data protection, timeliness, formats, protocols to deal with and
most of these are quite easy to deal with alone, to achieve them all at the
same time requires quite a change in thinking in terms of systems for many
industry participants. Gone are the days where systems were built just for
internal staff access, gone are the days where systems were designed as for
staff who could see an entire client base….
The new era is about providing authenticated role based and
data domain based permissioning, whole of supply chain access, separation of
data vs presentation, and 24x7 uptime. These are becoming the tools to connect
to industry participants and are becoming a significant factor in choice of
suppliers. Connection is becoming the new form of distribution…. How connected
are you to the industry participants that are going to be critical for your
business ?
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