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What is the CFPB Consumer Financial Protection Bureau? Definition, Tips, Best Practices, and Compliance Challenges of the CFPB

Callminer

The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government set up after the financial crisis of 2008 in order to protect the rights of consumers in the financial services industry. Speech analytics enable you to monitor 100% of your calls ensuring procedural compliance.

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Deadline Looming for SMCR Regulation

CSM Magazine

The SMCR, which stands for Senior Managers Certification Regime, was launched by the Financial Conduct Authority, the City regulator to increase accountability for large investments and potential losses. This is narrowed down into limited scope firms, core firms and enhanced firms.

Finance 52
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The Importance of a Call Center for Financial Services

aircall

Consumers have lots of options for banking and other financial services, and a financial services call center streamlines sales and support operations. Banking and finance customers are looking for convenience, speed, and expertise when choosing the firms they choose to do business with.

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The Transparent Customer Experience: how measurement can benefit both company & customer

ijgolding

I am writing this blog having just watched a Hollywood movie about the 2008 banking crisis – The Big Short, featuring Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt is a tough watch – not because of the quality of the acting, but because of the almost completely unbelievable plot. It was very real.

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Improving Sales & Support Initiatives in the Financial Services Industry

aircall

Hints of economic decline can lead to a national recession, such as the Great Recession that occurred after the financial crisis of 2008. The financial services industry includes more than just banks. Tax and accounting services. A chain reaction of issues typically occurs when the economy starts to decline. Credit unions.

Sales 62
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International Contact Centre Operations Tips & Best Practices

Callminer

To learn how CallMiner is helping African Bank better extract and operationalise insights from voice-based customer interactions in its call centres, watch to our Tech Central podcast, How CallMiner is Helping African Bank Retain and Grow its Client Base. . These shortcomings do affect the service quality. “A

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Churn Monster: Black Swan

ChurnZero

Some examples include a pandemic (COVID-19), a terrorist attack (9/11), or an abrupt financial crisis (Banking Crisis of 2008). After speaking with your POC again you find out that they unfortunately had to furlough a number of team members, which accounted for the decline in usage. The Scenario.

Banking 52