Singapore – Qlik® today announced that Singlife, a leading homegrown financial services company in Singapore, is partnering with Qlik to enhance its digital agility and analytics capabilities with Qlik Cloud. This collaboration aims to improve customer service and deliver value-driven digital financial services to better serve customers with value driven digital financial services.
Through Qlik's cloud data integration and visualisation capabilities, Singlife employees gain access to 360° real-time customer insights, including claim processes and call centre service inquiries. These insights empower employees to make informed decisions, reduce friction, and elevate the customer experience for over one million customers across Singapore and Southeast Asia. As a result, the claims process has been streamlined, leading to a three-fold increase in efficiency and a 35% reduction in data analysis costs.
In line with its cloud-first strategy, Singlife is moving its business analytics infrastructure to the cloud in 2024. This move will further enhance its digital capabilities and make it one of the first few financial services companies in the ASEAN region to fully migrate its business intelligence (BI) solutions to the cloud.
Qlik Cloud provides Singlife with AI-powered data integration and analytics solutions that deliver analytics-infused customer and employee insights. These holistic solutions scale on-demand to unlock immediate value and actions, such as claim resolutions and new service delivery.
Singlife will also utilise Qlik's Singapore cloud region to store and deploy data for analytics locally at scale, ensuring optimal operational performance and data compliance while achieving cost savings.
“Data is crucial for making informed decisions, and Qlik is helping Singlife make better decisions faster to improve our customer care while driving costs down,” said Richard Vargo, Group Head of Products, Propositions and Transformation, Singlife. “Running data analytics using Qlik and the cloud provides us with new customer insights faster and the cost efficiency we need, which is essential for an agile business like ours," he added. "We are excited about exploring Qlik's machine learning solutions to make predictions and plan decisions even faster and more accurately in the future.”
“The insurance industry in Singapore is rapidly evolving to better serve customers on digital channels, and Singlife is leading the way using cloud technologies to deliver innovative new services,” said Geoff Thomas, Senior Vice President, Asia Pacific and Japan for Qlik. “Singlife is setting an inspiring example in Singapore’s insurance and financial services industry, demonstrating how cloud technology can revolutionize customer service, reduce costs, and fuel innovation. The company’s success underscores the incredible potential of harnessing data in the cloud with Qlik.”
About Qlik
Qlik, with the recent addition of Talend, delivers an industry-leading portfolio of solutions for data integration, data quality and analytics. This includes advancements in real-time data, AI, ML and automation. The most successful organizations are investing in data to make sense of the increasing amounts and varieties of data from diverse sources. The challenge is to effectively integrate, analyze and act on the data while ensuring its trustworthiness. With more than 40,000 active customers in over 100 countries, Qlik’s solutions work with virtually any data source, target, architecture or methodology, to ensure customers have the data they need, whenever they need it.
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