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The Rise of Financial Intelligence: Latest Study from IDIQ Uncovers Key Industry Challenges 

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by | Oct 28, 2024

3 MIN READ

IDIQ, a leader in financial intelligence, conducted an extensive study surveying more than 1,200 industry professionals across key sectors such as employee benefits, real estate, financial services, and insurance. The study reveals how critical financial security solutions are helping safeguard clients while driving business growth. 

With insights gathered from high-level decision-makers – including owners, vice presidents, C-suite executives, directors, and managers – the study provides a clear picture of the challenges businesses face and highlights the urgent need for advanced financial intelligence solutions.  

This article touches on key findings, growing concerns over financial security, and industry-specific challenges to give you a glimpse of the full report. For deeper insights and actionable strategies, click here to download the full report. 

Key Findings 

The results from the study highlight significant concerns shared across industries, underscoring the importance of proactive financial solutions. 

  • 85% of professionals identified financial security as a critical business concern. 
  • 81% pointed to data breaches as the top threat with professionals increasingly worried about how these breaches could impact their clients. 
  • 70% of professionals highlight increasing consumer debt as a significant issue. 

These statistics reveal the urgency of protecting client data and financial health, making financial intelligence a crucial focus for any business. 

Growing Importance of Financial Intelligence 

Financial intelligence encompasses everything from proactive credit monitoring to identity theft protection and data security. Businesses across industries – from real estate to insurance – are turning to financial intelligence solutions to mitigate risks, enhance client loyalty, and reduce the chances of financial loss. 

Data Breaches and Identity Theft: Critical Threats 

Data breaches and identity theft are now considered two of the most critical threats facing businesses today. According to the study, 80% of professionals are worried about rising fraud, scams, and identity theft. 

Protecting consumer data is no longer optional. It’s a necessity for maintaining trust and retaining clients. With data breaches increasing by a staggering 490% in the first half of this year, businesses that fail to act now risk significant financial and reputational damage.  

Consumer Credit and Debt Concerns 

Fluctuating credit scores, rising interest rates, and the growing burden of consumer debt are reshaping financial strategies for businesses across the board. As the report shows, 96% of credit professionals worry about the impact of credit score fluctuations, while 65% are concerned about how higher interest rates will affect creditworthiness. 

These financial challenges are particularly relevant to sectors like real estate, mortgage lending, and financial services, where the ability to manage credit and debt plays a crucial role in client success.  

Industry-Specific Focuses 

This report details the unique financial challenges faced by various industries. From employee benefits to financial services to insurance to real estate, the study highlights sector-specific trends and risks. For example, 94% of professionals in the employee benefits space are concerned about client financial security, while 91% of financial services respondents prioritize data breach protection. 

The full report offers tailored insights into these industry trends, helping businesses understand how to address specific risks and implement the right solutions for their clients. 

Download the Full Report Today 

Financial security is no longer a secondary concern – it is a driving factor in client trust, loyalty, and business growth. Financial intelligence solutions are reshaping how industries protect their clients and mitigate risks in an increasingly volatile environment. Don’t miss out on key insights that can help you protect your clients, safeguard their financial health, and grow your business. 

Download the full report today to explore the complete findings, learn more about emerging trends, and discover actionable strategies for building a stronger financial foundation for your clients. 

About IDIQ 

IDIQ is a leading financial intelligence company that specializes in protecting and strengthening clients’ long-term financial health. IDIQ has served more than 4 million members and more than 20,000 partners, providing a comprehensive suite of solutions, including identity theft protection, credit monitoring, financial wellness, and data breach recovery. 

Learn more about how tailored solutions from IDIQ can help your business enhance client protection and drive growth. 

Become a Partner!

Ready to unleash financial freedom for your clients and propel your business to new heights? Partner with IDIQ – the ultimate financial ecosystem for success.

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