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Best Practices for Customer-Centric Decision Making

PeopleMetrics

As we mentioned in an earlier section, our research found that adhering to a decision-making process that considers the impact on the customer is one of the practices that separate growth banks from non-growth banks. But "how" each bank designs and delivers those elements is what sets its experience apart from the rest.

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

Comm100

It requires that you digitize your banking services to be convenient, easy to use, personalized, and secure. Whether you are running a bank or credit union, offering great CX is the best way to protect your reputation. Research shows that over 80% of companies compete primarily based on CX. A good CX is customer-centered.

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Why it is time to calculate the ROI of VoC programs

Eptica

Therefore if you can measure the percentage of your customers that are at risk, calculate how much they are worth to your business, analyze why they have negative perceptions and turn them into positive brand ambassadors, you can boost revenues and reduce churn. How do UK banks rate on customer experience?

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Four Cool Ways to Cement Customer Trust

PeopleMetrics

So here are four best practices some companies are employing to help them cement solid, lasting relationships with their customers. Some brands are going much deeper than policy design and employee training. This is leading Barclay''s re-design of common bank forms, devices and physical branch structures. Feel their pain.

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Why a consistent customer experience is so important (and how to deliver it)

Eptica

Only one bank answered a question on email, yet eight were able to answer the same question when asked on Twitter, demonstrating a lack of knowledge sharing across each business. These insights demonstrate that brands need a consistent information strategy, with one centralised knowledge base shared between all customer channels.

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Introducing BB: The Bold360 Chatbot

bold360 Blog

Here are some of the best practices we learned creating our bot friend. If your customers are trying to focus more on finding information and completing transactions, like in banking, you may want to just create a name and icon for your chatbot and not over design it. Be clear on your objectives and desired outcomes.