Retail Banking: Trends in claims processing; Vertical and technology trends

(MoneyNewsWire.Net, January 22, 2018 ) Publisher' Vertical Focus Report - Retail Banking: Trends in claims processing depicts the business challenges faced by the retail banking sector in the claims processing domain along with the recent demand side and supply side trends in this functional area. The report outlines the evolution of the retail bank's claims processing domain and identifies the key opportunity areas for the ICT vendors. This report also presents Publisher' view of the revenue opportunities in claims processing banking domain through to 2019, highlighting the market size and growth by geography.

In particular, it provides an in-depth analysis of the following:

- The latest trends impacting the retail bank claims processing market.

- The market trends (both supply-side and demand-side) that will facilitate the growth of the retail banking claims processing market.

- The technology evolution of the market and vendor opportunities

- The market inhibitors that may hinder the pervasive adoption of claims processing among retail banks.

- The primary findings from Publisher' view of revenue opportunities in the retail banking claims processing market through to 2019, highlighting the market size and growth by regions.

- An identification of banks' IT budget allocation and IT priorities relating to claims processing.

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Report Summary

Rapid digitalization has resulted in a lower attention span of customers. As customers have access to multiple brands and interaction touch points, they can change their brand loyalties with just a click of a button. This has made it even more difficult for service centers, such as banks, to enhance their customer experience and retain customers. Claims processing has therefore served in many ways to bring a bank's stakeholders together and enable contact centers to improve their line of banking services.

Report Scope

- Many banks are moving towards a virtual contact center to allow geographically dispersed agents to operate as a single, winning team. Via a virtual contact center, all incoming contact center calls can be routed to the available agents depending upon their availability regardless of their location and time.

- The focus of the next phase of automation is on delivering omnichannel communication, wherein the customer can communicate through a channel of their choice with the information they share via one channel, before being carried over to the next channel.

- Contact centers have realized that retaining a customer is as important as growing revenues in an organization; they are therefore keen to deploy speech analytics to improve their customer service as well as enhance the compliance and security measures in contact centers.

Reason to Buy

- Understand the retail banks landscape, the recent trends, and inhibitors shaping the retail banking claims processing market.

- Comprehend the retail banking claims processing market evolution.

- Enhance your market segmentation by analyzing the revenue opportunity forecasts figure in the retail banking claims processing market from 2015 to 2019, across geographies.

- Comprehend retail banks' IT budget allocation and prioritization of top IT projects in 2015

- Understand how retail banking claims processing market opportunities are set to change in the market in near future.

Complete Report is Available at http://www.reportsweb.com/retail-banking-trends-in-claims-processing-vertical-and-technology-trends

Table Of Content

1 Business challenges for retail banks

2 Market Dynamics

2.1 Demand side trends

2.2 Supply side trends

3 Technology Lifecycle

3.1 Retail banks' IT budget allocation and IT priorities

4 Opportunities for ICT vendors

5 Market size and forecast

6 Future outlook

6.1 Age of customers and disruptive forces are acting as catalysts for the rapid adoption of claims processing among new age bankers

7 Appendix

7.1 Definitions

7.2 Further reading

7.3 Contact the authors

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Rajat Sahni

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