Remove 2017 Remove Accountability Remove Banking Remove Customer Experience
article thumbnail

Unbelievable Violation By World Renowned Bank – Record Fines!

Beyond Philosophy

Q: What has two Million phony accounts, 5,300 fired employees, a fine of $185 million and a retiring leader enjoying $124 million in stock and options after retirement? A: Wells Fargo Bank, the latest bank to suffer the scrutiny of the truth and forced to answer for taking advantage of its customers’ trust.

Banking 416
article thumbnail

How do UK banks rate on customer experience?

Eptica

Date: Wednesday, March 14, 2018 How do UK banks rate on customer experience? Author: Neil Cox Banking, like many other sectors, is undergoing a period of disruption and change. They want an easy, transparent experience from brands that treat them well, value their time and reduce friction in all areas.

Banking 49
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Cash Is No Longer King!

Beyond Philosophy

But is it right for Customer Experience? On the one hand, speeding up service and eliminating mundane tasks to free employees up to do other tasks, like coaching their direct reports, seems like it would be a boon to Customer Experience. Act Now to Turn Customer Pain Points into Pleasurable Profits.

article thumbnail

All-Digital O-Bank Succeeds Without Brick-and-Mortar Branches

Avaya

Some banks add digital channels. Taiwan’s O-Bank was born all digital. It has no branches and instead provides customers with smart, convenient and customized service via a smartphone app and a 24×7 video contact center. O-Bank is a latecomer to Taiwan’s retail banking sector—and it’s using that to its advantage.

Banking 59
article thumbnail

How Mobile Banking is Redefining The Customer Relationship

Infinity

The banking industry is far from exempt from new consumer expectations. Banks and other financial institutions are having to adapt at a rapid pace. Like all other businesses, customers expect to be able to access digital services. Banking & The Customer Relationship. How Mobile Banking is Driving Change.

Banking 52
article thumbnail

Top contact center authentication stories of 2017

TRUSTID

Throughout 2017, we’ve discussed many of the top challenges facing contact centers and the authentication industry. As a result, a total of 145 million customer accounts were compromised. Updated reports found that the number of fake accounts jumped from 2.1 million to 3.5 Is two-factor authentication enough? —

article thumbnail

The Importance of Improved Customer Experiences within the UK Banking Sector

CSM Magazine

The UK banking industry is nothing short of cut-throat with financial giant Barclays losing more than 10,000 customers during the second quarter of 2017. According to the Current Account Switch Service (CASS,) the main culprit responsible for the devastating loss of customers: continuous unsatisfactory customer experiences.

Banking 40