MeridianLink Introduces Digital Progression Model to Help Financial Institutions of All Sizes Realize the Benefits of Digitalization
Innovative Framework Backed by 25 Years of Data and Expertise to Drive Sustainable Digital Growth
Built on 25 years of experience, data, marketplace partnerships, in-depth expertise from completed engagements, and customer feedback,
The Digital Progression Model is distinguished by its blueprint customized to each organization, which addresses the five key areas instrumental for enabling continued digital growth:
- Consumer Experience: Enhancing the overall consumer journey and satisfaction through digital tools.
- Data-Centricity: Collecting, analyzing, and using data to help drive informed business decisions, optimize workflows, enhance experiences, and support compliance in a data-first culture.
- Share-of-Wallet Growth: Adopting technology that increases the share of financial products held by existing customers.
- Instant Decisioning: Improving the speed and accuracy of decision-making processes.
- Process Automation: Streamlining operations through advanced automation techniques.
“By offering the Digital Progression Model,
The blueprint provides a tailored plan that aligns with each institution’s unique business objectives and market conditions. The model's multi-phased approach is designed to help the financial institution assess its current state, establish a clear roadmap for future progress, and outline the steps required to achieve its goals.
Many financial institutions have already adopted the Digital Progression Model, attaining results such as higher application completion and conversion rates, quicker loan application processing times, a rise in instant approvals, and more time for their teams to support consumers — all contributing to accelerated growth and improved consumer experiences.
“MeridianLink has been instrumental in putting us on the path of digital progression,” said
“With our Digital Progression Model, we are empowering financial institutions to navigate the complexities of digital transformation with confidence,” added Zauner. “Our goal is to recognize the unique circumstances of each customer and support them in achieving their digital ambitions while enabling long-term, sustainable growth.”
A comprehensive self-assessment will be launched shortly that will allow financial institutions to get a head start on their digital progression journey. For more information about MeridianLink’s Digital Progression Model, please visit https://www.meridianlink.com/digital-progression-model/
An infographic about the Digital Progression Model is available at https://meridianlink.me/4eBk6ek
About
For more than 25 years,
View source version on businesswire.com: https://www.businesswire.com/news/home/20240725357027/en/
Email: meridianlinkPR@clyde.us
Phone: (508) 808-9060
Source: