The focus of this opinion piece is about enabling subscription-based business models and recurring revenue in the Financial Services
industry. Organisations have a unique opportunity to introduce subscription offerings. But the key to succeed is whether your subscription management—including payment collection—is simple, flexible, and highly customer-centric. The question is, how can you execute this strategic shift?
The topic is an important one. The Subscription Economy has opened up a world of possibilities for financial institutions, but progress has been far from uniform. While a few ‘leaders’ have emerged, the vast majority are still looking to deliver on the promise of huge growth and customer benefits that come with recurring revenues.