Percentage of frictionless actions (not requiring human service agent)
Vendor consolidation streamlines operations to enable immediate ROI and cost savings
Enabled by Billions of Real-Time updates to identity attributes such as phone numbers and emails
The complexity of phone number management
Phone numbers are crucial for identifying consumers and businesses today, yet many firms lack robust management systems. Maintaining accurate contact info remains a challenge.
70% of Fortune 100 companies ask for phone number as a primary consumer identifier
On average, companies have about 50% of their consumers' phone numbers verified and up-to-date
Phone numbers recycled annually to new consumers
New phones activated annually
Phones lost annually
Consumer servicing done right
Prove Identity Manager℠ enables firms to service and engage consumers more efficiently. Prove actively monitors and alerts on common consumer contact changes that hinder efficiency and result in poor consumer experiences.
Prove Identity Manager℠ helps companies:
- Accuracy of phone numbers
- Customer satisfaction
- High-risk approvals
- Login/OTP pass rates
- P2P/Money movement throughput
- Call center handle time
- Fraud rates
- Point solutions
- Total cost of ownership
Become a success story
Tabula Rasa Healthcare (THRC) sought to more effectively connect with hard-to-reach patients. Missing or outdated phone numbers and contact information is a common problem with today’s healthcare records, with many health plans seeing up to 50% of phone numbers with missing or incorrect information. For companies like TRHC, which receive patient data from health plan clients and then communicate with patients via telephone, these inaccuracies and deficiencies can be barriers to the timely provision of services.
A major global insurance company needed to modernize its call center authentication process. Outdated and cumbersome knowledge-based authentication questions created high friction for their consumers and call center employees alike, while driving high costs. Using Prove Identity Manager™ and Identity Verify™ to passively authenticate their consumers removed the need for knowledge-based authentication questions and resulted in a streamlined overall consumer experience, from onboarding to call center handling.
Leading Financial Services sought to keep consumer contact information updated and fluid across their three portfolios (private label credit cards, consumer bank, and retail bank), digital servicing arm, and call centers. Their existing process relied on manual efforts which led to data errors, time and labor expense, and consumer contactability issues.