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A guide to Summer ‘24 for financial services

Jun 27, 2024 | Admin, Financial Services, Latest News, Managed Services

As the financial services industry continues to evolve in the digital age, staying ahead of the curve is paramount. Salesforce regularly unveils updates to empower organizations to adapt and thrive, and the Summer ’24 release brings a plethora of enhancements tailored specifically for the financial sector and the Financial Services Cloud, revolutionizing the way firms engage with clients, manage transactions, and streamline operations. We’ve gathered the highlights from this release and take a look at how they will reshape the technical landscape for financial institutions.


Automation Platform Enhancements

Automation lies at the heart of efficiency, and the Summer ’24 release turbocharges this aspect for financial services. With advanced workflow automation capabilities, institutions can streamline processes, from client onboarding to regulatory compliance. The enhanced platform empowers teams to focus on high-value tasks while automating routine operations, ultimately driving productivity and enhancing customer experiences.


Transaction Dispute Management Enhancements

Managing transaction disputes is a critical aspect of financial operations. The latest release introduces robust tools to streamline this process, enabling quicker resolution and improved customer satisfaction. Through enhanced case management features and real-time collaboration tools, financial institutions can efficiently address disputes, mitigate risks, and uphold their commitment to customer service excellence.


Digital Lending

In today’s fast-paced world, digital lending has emerged as a game-changer for financial institutions. The Summer ’24 release introduces cutting-edge capabilities to streamline the digital lending process, from application to approval. With enhanced integration and automation, firms can offer seamless lending experiences while mitigating risks and ensuring regulatory compliance.


Policyholder Self-Service Portal

Empowering policyholders with self-service capabilities is key to enhancing engagement and satisfaction. The latest release introduces a comprehensive self-service portal tailored for policyholders, enabling them to access account information, submit claims, and request assistance with ease. By providing a seamless and intuitive user experience, financial institutions can foster stronger relationships with their policyholders while reducing support costs.


Personalized Financial Engagement Enhancements

Delivering personalized experiences is paramount in today’s hyper-competitive landscape. The Summer ’24 release equips financial institutions with advanced tools to personalize client interactions based on preferences, behaviors, and life events. From targeted marketing campaigns to tailored product recommendations, firms can deepen client relationships and drive business growth through enhanced engagement strategies.


Einstein Copilot for Financial Services

Harnessing the power of AI, Einstein Copilot revolutionizes the way financial professionals work. With contextual insights and predictive analytics, Copilot empowers advisors to make data-driven decisions, anticipate client needs, and deliver personalized recommendations. By augmenting human expertise with AI capabilities, financial institutions can unlock new levels of efficiency, innovation, and client satisfaction.

The Salesforce Summer ’24 release is a game-changer for the financial services industry, offering enhancements that will drive efficiency, enhance customer experiences, and foster innovation. By embracing these advancements, financial institutions can stay ahead of the curve and thrive in their increasingly competitive landscape.



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