Faced with such a high degree of competition, most firms are placing renewed focus on the client relationship itself. Although financial solutions are, in essence, commodities, they can be much harder to differentiate than tangible products, which means financial service companies are constantly struggling to distinguish their product portfolio from competitors’. ![]() Whether in banking, insurance, lending, or investing, financial service advisors are entrusted with the care of a given client’s assets and accounts the client expects their relationship to yield high personal gain and minimal inconvenience. The financial services industry is unique among others in that its core business model is not transactional - the direct exchange of payment for a product or service - but rather one of stewardship. TechnologyAdvice Guide to Financial Services Software Updated: MaIntroduction
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