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Mastering ‘Mental Accounting’: The Key to Persuasive Buying Decisions

Beyond Philosophy

I mention it here, not to rub it in your face (much), but because in the booking of this cruise, I saw an excellent example of how my wife and I leverage mental accounting regarding our splurges. It was our version of Mental Accounting. Mental Accounting ruins all that. People have various rules regarding found money.

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Big Banks: What Are They Hiding?

Beyond Philosophy

Big banks have proven yet again that they cannot be trusted to do what is best for the consumer. Last week, the Senate voted to repeal a rule that banned most mandatory arbitration clauses in credit card agreements, checking account agreements, car loans, and many other types of consumer banking transactions.

Banking 276
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Conversational AI and Banking

Interactions

Bank technology is shifting. Specifically in banking, there are multiple challenges to customer service. Paired with the fact that customers need immediate access to their accounts, this creates a difficult balance between accessibility and security. . Fortunately, there are some banks that are getting it right.

Banking 62
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Chatbots in Banking: The New Must-Have in Customer Care

Inbenta

The banking sector has also recognized the game-changing effects innovative technological disruptors like Artificial Intelligence (AI) can have and acted promptly to optimize their online and mobile banking models with customer interaction platforms. Digital Banking Moves Forward. AI and Automation Are Powering Digital Banking.

Banking 95
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3 Statistics that Prove Banks Have a Problem

Clarabridge

Banks encounter many of the same problems as other enterprises— customer retention and loyalty, revenue growth, etc. This lets you better serve account holders, address regulatory requirements, and ultimately, keep customers coming back. So, what exactly are banks facing today? 22% of customers think banks are all the same.

Banking 45
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Bank Branch Innovation Like Never Before: 5 Brands Redefining Tradition

Avaya

Sources like CNBC and The Telegraph predict that the retail bank branch will die within the next decade. In fact, the market is heading towards bank branch innovation unlike anything we’ve ever seen. Traditional vendors must now compete alongside newer digital-only banks like Ally in the U.S., In Italy, banks like CheBanca!

Banking 58
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3 Statistics that Prove Banks Have a Problem

Clarabridge

Banks encounter many of the same problems as other enterprises— customer retention and loyalty, revenue growth, etc. This lets you better serve account holders, address regulatory requirements, and ultimately, keep customers coming back. So, what exactly are banks facing today? 22% of customers think banks are all the same.

Banking 40