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Guest blog: 5 Customer Experience Trends for Financial Institutions in 2023

Comm100

To drive business, attract new clients, and retain existing ones, financial institutions must invest in improving their customer experience. One of the best strategies to achieve that is tracking and keeping up with emerging industry trends. Research shows that over 80% of companies compete primarily based on CX.

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Incredible! Why So Many Organizations Are Missing This Massive Opportunity!

Beyond Philosophy

Customer Science is a relatively new development in the area of customer strategy. Therefore, imperfect or not, we see that if AI is applied intelligently and with a deliberate approach, it has the potential to problem solve and help organizations achieve their customer strategy goals. One of their clients was a big US bank.

Banking 195
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Guest Blog: Debunking Five Artificial Intelligence Myths – Real Tales of AI in Customer Experience

ShepHyken

This week on our Friends on Friday guest blog post my colleague, Vince Jeffs, examines the hot topic of artificial intelligence (AI) and it’s impact on the customer experience. AI-powered product suggestions for consumers regularly improve response rates by 300 percent or more. Shep Hyken.

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The Future of Customer Experience in Banking in 2023

Lumoa

By now, the importance of delivering a superb customer experience in banking is crystal clear. It’s estimated that financial brands that deliver a better customer experience (CX) receive twice as many recommendations. Let’s take a look at the trends that will shape the customer journey in banking in 2023 and beyond.

Banking 94
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Delivering Unique, Attractive (Even Branded) Customer Experience Lagniappe: Any Company Can Do This

Beyond Philosophy

This week, Bob Thompson’s informative, timely blog on strategies companies can use to make customer experience a competitive advantage – and how most neither measure experience nor compete on it – puts me in mind of a line of discussion around customer experience lagniappe. Here’s the reality about experience lagniappe: It isn’t new.

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Don’t Panic! Here Are The Many Advantages of a Recession

Beyond Philosophy

In many ways, that is what many central banks try to do during a recession. In many ways, that is what many central banks try to do during a recession. There is plenty of bad news to be had about a recession. However, if you think about it, there are some silver linings, too. We all can feel it looming in one way or another.

Banking 195
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The Critical Skills that All Customer-Facing Teams Must Have

Beyond Philosophy

I believe it is crucial to do more than discuss your theories about Customer Experience strategy. When it comes to practical strategies you can take, we have developed some tools in our global Customer Experience Consultancy work to help you address the problems of implementing these theories. The Reasons Behind Our Reasoning.