INDUSTRY INSIGHTS YOUR PEERS ARE READING
We recently had an interesting discussion with a Customer Service Head of one of the leading banks in Africa, about how banking experience can be improved by empowering customer service agents with the right access to the backend applications for resolving customer queries efficiently. MORE
Digital Banking Success Begins with Customer Experience. As digital banking capabilities have expanded, so has consumer adoption of online and mobile channels. In 2018, 57% of all banks and credit unions have adopted digital mobile banking options. MORE
Fast-growing China Citic Bank, Credit Card Business Unit, has signed an agreement with Teleopti’s partner Youcheng Technologies for Teleopti´s Workforce Management (WFM) solution, Teleopti WFM. The agreement has increased Teleopti´s WFM customer base with more than 2000 seats MORE
Whether they’re using stolen data to open a new line of credit online or spoofing telephone reps, authentication processes play a central role in protecting customer data from scams designed to steal identities and impact a bank’s brand reputation. . MORE
While many customers are still most comfortable banking at their local brick-and-mortar branch location, we’d like to think it’s because they enjoy seeing their favorite teller and not because they’re afraid to try online banking. 13 Essential Online-Banking Security Tips. MORE
Depending on your age, you may remember a time when banks competed more aggressively against each other for business. There were many more state and local bank branches back then, each offering different checking and savings account products to entice customers. MORE
Big banks have proven yet again that they cannot be trusted to do what is best for the consumer. Banking industry lobbyists fought hard for this change and gained significant support. After contacting the bank (or not), most people just drop it. Do you trust your bank? MORE
In this post I’ll try to list the countries allowed their banks to identify clients through video. Proof links are included. The list will be continuously updated as I learn about new ones. Here’s what I have so far (a/b order): 1. Austria. MORE
One industry in particular, however, has untapped potential in terms of data analytics — regional banks. So what exactly can smaller regional banking institutions be doing to realize the incredible benefits of data analytics? Personalized Bank Offerings. MORE
Bank call centers are also targeted by fraudsters posing as customers calling in to change their account passwords or make financial transactions. As they offer customers new ways to bank online, financial institutions also needed to ensure those platforms secure. MORE
Now, we’re almost a full year into GDPR enforcement and banks are feeling the impact. In the first 3 years of GDPR, banks are expected to be penalized with fines up to €4.7 With a single fine for non-compliance costing €20 million or 4% of global annual revenue (whichever is largest), banks can’t afford to fall short with GDPR. Don’t let the following 5 pitfalls make your bank non-compliant with GDPR and lead to significant fines. MORE
My example is TD Bank, where viral communication meets real, and valued, experience delivery on a personalized, and deeply emotional, level. The mini-documentary TD Bank created about the campaign has been viewed over 5 million times on YouTube. – Michael Lowenstein, Ph.D., MORE
They have no attachment to legacy systems that banks and finance companies have been holding onto for years, despite the wave of new technologies in business and communications. Banks that want to overcome this problem must change their mindset from product-centric to customer-centric. MORE
In the current issue of Banking Strategies, published by the Bank Administration Institute, Noble Systems Vice President of Marketing, Lee Allum, explores how banks and other financial institutions are using “Fintech” – the commonly used nickname for financial technology. MORE
inContact’s research shows that banking was in the highest tier for customer satisfaction with 54% of respondents ranking it for the most satisfied recent interaction. The American Customer Satisfaction Index (ACSI) reported that banking customer satisfaction increased 5.3% Forrester Research, in their annual Customer Experience Index, also finds that banking and credit card companies lead the way in customer experience excellence when compared to other industries. MORE
Now, we’re almost a full year into GDPR enforcement and banks are feeling the impact. In the first 3 years of GDPR, banks are expected to be penalized with fines up to €4.7 Don’t let the following 5 pitfalls make your bank non-compliant with GDPR and lead to significant fines. MORE
Meet Ali Banks! Ali Banks’ began her career in architecture but left her real estate development job to pursue her love of food at Le Cordon Bleu, Paris. To connect with Ali Banks further visit her at www.sitkasalmonshares.com. MORE
With the increase in technology making competition for customers more fierce than ever, banks have a huge incentive to improve their customer experience. The post Happy Customers = Happy Banks appeared first on Blueworx. Blog AI Banks Customer Experience CX IVR MORE
In May 2018, the White House administration signed a piece of bi-partisan legislation that rolled back banking regulations passed in response to the 2008 financial crisis, most notably relaxing some of the Dodd-Frank requirements. MORE
Discover four technologies leading the digital enablement of the financial services industry MORE
The banking sector has seen its fair share of controversies and scandals. This has led to the public losing confidence in the traditional banking system. So much so that, there have been claims of it being one of the biggest disruptors for the traditional banks in the recent past. MORE
inContact’s research shows that banking was in the highest tier for customer satisfaction with 54% of respondents ranking it for the most satisfied recent interaction. The American Customer Satisfaction Index (ACSI) reported that banking customer satisfaction increased 5.3% MORE
Both quotes seem to apply to what is currently transpiring with retail branch banking, and where it seems to be trending. Banks can’t quite make up their minds about what branches are supposed to be. At a time when banks are closing branch locations at a record pace (over 1,400 in 2014, with Bank of America, alone, closing more than 140) that is likely to continue, the need for the services they offer remains pretty much the same. Why does banking have to be a chore? MORE
I suppose the results may come as a surprise to some, but not to […] The post Rankings show banks are doing well – are you keeping up? I always look forward to reviewing the customer experience report that the Temkin Group puts out each year. MORE
Unlike the traditional Contact Centre — where scaling up your customer support team can be costly — Cloud Contact Centres offer a cost-effective commercial model whereby companies can be billed on actual usage. Read on to find out more. Cloud Contact Centre MORE
Congratulations to Citizens Bank and credit unions for earning the best customer experience scores in the banking industry. Of the 15 banks included in this year’s Ratings, Citizens and credits unions tied for the top spot. The post Temkin Experience Ratings Industry Snapshot: Banks appeared first on Customer Experience Matters®. MORE
For regional and community banks, which are the bulk of the financial institutions in North America, selecting a new vendor or partner involves an in-depth review of the offering and its related landscape — to ensure the organization is making the best quality choice. MORE
In light of recent news from the royal commission exposing misconduct by Australian banking and financial institutions, businesses in the financial sector should consider taking a look at their internal sales practices and potentially recalibrating their corporate culture. MORE
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. Carrie Tolstedt , unit leader of Wells Fargo’s community banking division, is set to retire at the end of this year after 27 years of service. MORE
Interested in learning more about how fintech and chatbots are enhancing the customer experience at banks and credit unions today? Join our team, along with other top leaders in the financial field, at the 7 th Annual Bank Innovation Conference (March 5-6). MORE
It is having most impact, and will likely continue to do so, in traditional industries such as retail banking. Digital innovation in banking can be seen in the transformative way people transact and organize their finances. Michael Lowenstein, Ph.D., MORE
Bank of the West is Pindrop’s latest partner in the fight against fraud within the phone channel. Focused on its award-winning relationship banking approach and customer service, Bank of the West enhanced its customer experience by adopting our fraud solution. Pindrop’s machine learning technology allows us to better know our customers and more effectively protect their assets,” said Patricia Nowak, Head of Enterprise Customer Experience for Bank of the West. MORE
Last year’s survey revealed that Amazon claimed the top spot and Bank of America…well, didn’t. That is to say, Amazon has it—and Bank of America doesn’t. The Bottom 10 Companies Technically, Bank of America isn’t listed here by name but they do fall under the label of “Any Bank.” I would argue that this is true of Bank of America. I am not a fan of banks. In my experience, banks don’t ever put the customer first. MORE
In the current issue of Banking Strategies, published by the Bank Administration Institute, Noble Systems Vice President of Marketing, Lee Allum, explores how banks and other financial institutions are using “Fintech” – the commonly used nickname for financial technology. MORE
The current landscape of the banking industry has shifted enormously in the last five years. Nearly every aspect of our daily lives has become intertwined with technology, and banking is no exception. Statista predicts that the number of digital banking users in the U.S. MORE
According to the recent Customer Contact Week webinar, “The Future of Call Center Authentication,” technologies like the TRUSTID Pre-answer Caller Authentication can help banks achieve a multi-layered solution for identifying customers over the telephone channel. . MORE
Whether they’re using stolen data to open a new line of credit online or spoofing telephone reps, authentication processes play a central role in protecting customer data from scams designed to steal identities and impact a bank’s brand reputation. . MORE
A new report from the American Customer Satisfaction Index (ACSI) shows branches and ATM machines are just about the only place where credit unions and community banks lag behind larger financial institutions. Here's the breakdown of overall customer service ratings by size of bank. MORE
From an influx of new players such as Apple and Google, to changing customer mindsets and expectations, the competitive stakes for regional banks in the U.S. In this environment, integration is key to providing value for regional banks — an analysis from which LinkLive was originally launched. MORE
Banking Related Topics Blueworx
NOVEMBER 3, 2017
With the increase in technology making competition for customers more fierce than ever, banks have a huge incentive to improve their customer experience. The post Happy Customers = Happy Banks appeared first on Blueworx. Blog AI Banks Customer Experience CX IVR
The Northridge Group
FEBRUARY 4, 2019
In May 2018, the White House administration signed a piece of bi-partisan legislation that rolled back banking regulations passed in response to the 2008 financial crisis, most notably relaxing some of the Dodd-Frank requirements.
Beyond Philosophy
NOVEMBER 1, 2017
Big banks have proven yet again that they cannot be trusted to do what is best for the consumer. Banking industry lobbyists fought hard for this change and gained significant support. After contacting the bank (or not), most people just drop it. Do you trust your bank?
Revation Systems
NOVEMBER 28, 2017
While many customers are still most comfortable banking at their local brick-and-mortar branch location, we’d like to think it’s because they enjoy seeing their favorite teller and not because they’re afraid to try online banking. 13 Essential Online-Banking Security Tips.
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eGain AI clients guide Global bank uses eGain’s patented AI reasoning technology to. eGain AI clients comply A marquee global bank uses eGain AI to guide advisors through a. Another bank serves wholesale clients in multiple countries with.
Ameyo
MARCH 19, 2018
The banking sector has seen its fair share of controversies and scandals. This has led to the public losing confidence in the traditional banking system. So much so that, there have been claims of it being one of the biggest disruptors for the traditional banks in the recent past.
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Noble Systems
JANUARY 27, 2019
In the current issue of Banking Strategies, published by the Bank Administration Institute, Noble Systems Vice President of Marketing, Lee Allum, explores how banks and other financial institutions are using “Fintech” – the commonly used nickname for financial technology.
Beyond Philosophy
SEPTEMBER 18, 2016
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. Carrie Tolstedt , unit leader of Wells Fargo’s community banking division, is set to retire at the end of this year after 27 years of service.
Revation Systems
DECEMBER 3, 2018
The current landscape of the banking industry has shifted enormously in the last five years. Nearly every aspect of our daily lives has become intertwined with technology, and banking is no exception. Statista predicts that the number of digital banking users in the U.S.
TRUSTID
FEBRUARY 1, 2018
Whether they’re using stolen data to open a new line of credit online or spoofing telephone reps, authentication processes play a central role in protecting customer data from scams designed to steal identities and impact a bank’s brand reputation. .
TRUSTID
FEBRUARY 1, 2018
Whether they’re using stolen data to open a new line of credit online or spoofing telephone reps, authentication processes play a central role in protecting customer data from scams designed to steal identities and impact a bank’s brand reputation. .
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Noble Systems
JANUARY 27, 2019
In the current issue of Banking Strategies, published by the Bank Administration Institute, Noble Systems Vice President of Marketing, Lee Allum, explores how banks and other financial institutions are using “Fintech” – the commonly used nickname for financial technology.
Noble Systems
FEBRUARY 11, 2019
Now, we’re almost a full year into GDPR enforcement and banks are feeling the impact. In the first 3 years of GDPR, banks are expected to be penalized with fines up to €4.7 Don’t let the following 5 pitfalls make your bank non-compliant with GDPR and lead to significant fines.
Revation Systems
MAY 7, 2018
One industry in particular, however, has untapped potential in terms of data analytics — regional banks. So what exactly can smaller regional banking institutions be doing to realize the incredible benefits of data analytics? Personalized Bank Offerings.
TELUS International
JANUARY 10, 2019
Discover four technologies leading the digital enablement of the financial services industry
Revation Systems
FEBRUARY 20, 2018
Interested in learning more about how fintech and chatbots are enhancing the customer experience at banks and credit unions today? Join our team, along with other top leaders in the financial field, at the 7 th Annual Bank Innovation Conference (March 5-6).
Monet Software
NOVEMBER 30, 2018
Depending on your age, you may remember a time when banks competed more aggressively against each other for business. There were many more state and local bank branches back then, each offering different checking and savings account products to entice customers.
inContact
AUGUST 24, 2017
inContact’s research shows that banking was in the highest tier for customer satisfaction with 54% of respondents ranking it for the most satisfied recent interaction. The American Customer Satisfaction Index (ACSI) reported that banking customer satisfaction increased 5.3%
Revation Systems
JUNE 5, 2018
For regional and community banks, which are the bulk of the financial institutions in North America, selecting a new vendor or partner involves an in-depth review of the offering and its related landscape — to ensure the organization is making the best quality choice.
TRUSTID
JUNE 9, 2018
According to the recent Customer Contact Week webinar, “The Future of Call Center Authentication,” technologies like the TRUSTID Pre-answer Caller Authentication can help banks achieve a multi-layered solution for identifying customers over the telephone channel. .
TRUSTID
JANUARY 25, 2018
Bank call centers are also targeted by fraudsters posing as customers calling in to change their account passwords or make financial transactions. As they offer customers new ways to bank online, financial institutions also needed to ensure those platforms secure.
Ameyo
JULY 19, 2018
We recently had an interesting discussion with a Customer Service Head of one of the leading banks in Africa, about how banking experience can be improved by empowering customer service agents with the right access to the backend applications for resolving customer queries efficiently.
Beyond Philosophy
JULY 4, 2016
It is having most impact, and will likely continue to do so, in traditional industries such as retail banking. Digital innovation in banking can be seen in the transformative way people transact and organize their finances. Michael Lowenstein, Ph.D.,
Noble Systems
OCTOBER 22, 2018
In light of recent news from the royal commission exposing misconduct by Australian banking and financial institutions, businesses in the financial sector should consider taking a look at their internal sales practices and potentially recalibrating their corporate culture.
Enghouse Interactive
JULY 16, 2018
Digital Banking Success Begins with Customer Experience. As digital banking capabilities have expanded, so has consumer adoption of online and mobile channels. In 2018, 57% of all banks and credit unions have adopted digital mobile banking options.
teleopti
OCTOBER 9, 2018
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Toister Performance Solutions
JANUARY 4, 2018
A new report from the American Customer Satisfaction Index (ACSI) shows branches and ATM machines are just about the only place where credit unions and community banks lag behind larger financial institutions. Here's the breakdown of overall customer service ratings by size of bank.
Noble Systems
FEBRUARY 11, 2019
Now, we’re almost a full year into GDPR enforcement and banks are feeling the impact. In the first 3 years of GDPR, banks are expected to be penalized with fines up to €4.7 With a single fine for non-compliance costing €20 million or 4% of global annual revenue (whichever is largest), banks can’t afford to fall short with GDPR. Don’t let the following 5 pitfalls make your bank non-compliant with GDPR and lead to significant fines.
Beyond Philosophy
MAY 10, 2016
My example is TD Bank, where viral communication meets real, and valued, experience delivery on a personalized, and deeply emotional, level. The mini-documentary TD Bank created about the campaign has been viewed over 5 million times on YouTube. – Michael Lowenstein, Ph.D.,
Tenfold - Contact Center Blog
JUNE 22, 2018
They have no attachment to legacy systems that banks and finance companies have been holding onto for years, despite the wave of new technologies in business and communications. Banks that want to overcome this problem must change their mindset from product-centric to customer-centric.
Beyond Philosophy
MARCH 31, 2015
Both quotes seem to apply to what is currently transpiring with retail branch banking, and where it seems to be trending. Banks can’t quite make up their minds about what branches are supposed to be. At a time when banks are closing branch locations at a record pace (over 1,400 in 2014, with Bank of America, alone, closing more than 140) that is likely to continue, the need for the services they offer remains pretty much the same. Why does banking have to be a chore?
Nuance
DECEMBER 18, 2018
I suppose the results may come as a surprise to some, but not to […] The post Rankings show banks are doing well – are you keeping up? I always look forward to reviewing the customer experience report that the Temkin Group puts out each year.
Beyond Philosophy
SEPTEMBER 11, 2014
Last year’s survey revealed that Amazon claimed the top spot and Bank of America…well, didn’t. That is to say, Amazon has it—and Bank of America doesn’t. The Bottom 10 Companies Technically, Bank of America isn’t listed here by name but they do fall under the label of “Any Bank.” I would argue that this is true of Bank of America. I am not a fan of banks. In my experience, banks don’t ever put the customer first.
Customers That Stick
SEPTEMBER 25, 2014
Meet Ali Banks! Ali Banks’ began her career in architecture but left her real estate development job to pursue her love of food at Le Cordon Bleu, Paris. To connect with Ali Banks further visit her at www.sitkasalmonshares.com.
RichCall
NOVEMBER 16, 2017
In this post I’ll try to list the countries allowed their banks to identify clients through video. Proof links are included. The list will be continuously updated as I learn about new ones. Here’s what I have so far (a/b order): 1. Austria.
inContact
AUGUST 24, 2017
inContact’s research shows that banking was in the highest tier for customer satisfaction with 54% of respondents ranking it for the most satisfied recent interaction. The American Customer Satisfaction Index (ACSI) reported that banking customer satisfaction increased 5.3% Forrester Research, in their annual Customer Experience Index, also finds that banking and credit card companies lead the way in customer experience excellence when compared to other industries.
Customer Experience Matters
APRIL 4, 2018
Congratulations to Citizens Bank and credit unions for earning the best customer experience scores in the banking industry. Of the 15 banks included in this year’s Ratings, Citizens and credits unions tied for the top spot. The post Temkin Experience Ratings Industry Snapshot: Banks appeared first on Customer Experience Matters®.
teleopti
OCTOBER 9, 2018
Fast-growing China Citic Bank, Credit Card Business Unit, has signed an agreement with Teleopti’s partner Youcheng Technologies for Teleopti´s Workforce Management (WFM) solution, Teleopti WFM. The agreement has increased Teleopti´s WFM customer base with more than 2000 seats
pindrop
JUNE 18, 2018
Bank of the West is Pindrop’s latest partner in the fight against fraud within the phone channel. Focused on its award-winning relationship banking approach and customer service, Bank of the West enhanced its customer experience by adopting our fraud solution. Pindrop’s machine learning technology allows us to better know our customers and more effectively protect their assets,” said Patricia Nowak, Head of Enterprise Customer Experience for Bank of the West.
Connect Managed
FEBRUARY 28, 2019
Unlike the traditional Contact Centre — where scaling up your customer support team can be costly — Cloud Contact Centres offer a cost-effective commercial model whereby companies can be billed on actual usage. Read on to find out more. Cloud Contact Centre
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