The Most Important Customer Data in Banking – First-, Second-, Third- and Zero-Party Data at a Glance
In modern banking and for credit card providers, precise customer data is the key to successful personalization, customer segmentation, and targeted marketing campaigns. But not all data is created equal. Distinguishing between First-Party Data, Second-Party Data, Third-Party Data, and Zero-Party Data is crucial to using data sources effectively, meeting compliance requirements, and maximizing business value.