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

Comm100

Improving customer experience goes beyond being on call 24/7 to address clients’ issues. It requires that you digitize your banking services to be convenient, easy to use, personalized, and secure. A good CX is customer-centered. They expect relevant and customized CX from their financial institutions.

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How to Reduce Customer Churn in Your Subscription Business

CSM Practice

New customer sign-ups are essential for the health and vitality of your subscription business… but getting customers to stay can make the difference between your company’s success and failure. Increasing customer retention saves money on marketing, increases profits, and improves the quality of your services.

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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. Each of these promises should extend to a different customer experience. Know our customers."Listen

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Why it is time to calculate the ROI of VoC programs

Eptica

What is needed is to take a more holistic approach that moves past simple insight (the who, what, when and where), to look at why customers are behaving in particular ways. This requires understanding what causes customers to leave, taking action to fix issues and then measuring improvements in retention rates.

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10 Best Customer Engagement Tools for Improving Sales & Support

JivoChat

The more you can facilitate a smooth customer journey and enjoyable experience, the more likely it is people will complete purchases—and return for more. Increase Customer Retention. Here’s something to think about: Customer retention is five times cheaper than acquisition. Acquire Loyal Brand Ambassadors.

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Key Customer Retention Strategies for Alternative Lenders

CSM Magazine

It is not enough to attract new customers to your services. Customer retention is even more important than customer acquisition. More than that, customer retention is the best form of marketing. In the competitive market of alternative lending, you need to gain new customers. Bottom Line.