Large Complex Financial Institution and Pain point: Difference between pages

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(LCFI).
1. ''Marketing - sales.''


The term formerly used by the G10's Financial Stability Forum to refer to large and complex global financial institutions.
In sales and marketing, pain points are specific and significant problems suffered by a customer, or prospective customer.


The former Financial Stability Forum has now been superseded by the G20's Financial Stability Board.
Especially any problem that might motivate a customer to buy goods or services to solve their problem.
 
 
2.  ''Organisations.''
 
More broadly, any problem that is significant enough to have the potential to motivate action.
 
 
:<span style="color:#4B0082">'''''Technology dedicated to pain points'''''</span>
 
:"... there are high levels of expectation among [survey] respondents that coming investment in emerging technologies will be dedicated to an array of treasury pain points..."
 
:''The Treasurer magazine, Issue 4, November 2021, p11 - Citi Treasury Survey.''




== See also ==
== See also ==
* [[Financial Stability Board]]
* [[Digital technology]]
* [[Digitalisation]]
* [[Emerging technologies]]
* [[Fintech]]
 
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Technology]]

Revision as of 16:20, 30 November 2021

1. Marketing - sales.

In sales and marketing, pain points are specific and significant problems suffered by a customer, or prospective customer.

Especially any problem that might motivate a customer to buy goods or services to solve their problem.


2. Organisations.

More broadly, any problem that is significant enough to have the potential to motivate action.


Technology dedicated to pain points
"... there are high levels of expectation among [survey] respondents that coming investment in emerging technologies will be dedicated to an array of treasury pain points..."
The Treasurer magazine, Issue 4, November 2021, p11 - Citi Treasury Survey.


See also