CSM Magazine

JUNE 9, 2022

At a time when credit card and bank customers in Canada are using financial institution mobile apps and websites more than ever, overall satisfaction with those digital experiences is in decline. According to a series of recent studies of bank and credit card mobile app and online users conducted in Canada, released today by J.D.

Banking 52

Banking Big data Consulting Consulting 52

REVE Chat Blog

FEBRUARY 12, 2020

Customer experience has reached a level of paramount importance in recent years, and customers no longer view their experiences in an industry-silo. Instead, they compare their experience to leading firms in other industries. . Banks functioning digitally have witnessed reduced costs and streamlined processes.

Banking 76

Banking Customer Experience Chatbots Big data 76

CSM Magazine

JULY 5, 2021

The modern banking sector is actively using IT tools for its development. If we analyze the actual data, then, according to the forecast of Gartner in 2019, by 2020, 85% of banks should have collaborated with customers using chatbots. In what other aspects can high-quality IT products help to make banking services more convenient?

Banking 52

Banking Customer Service Chatbots Feedback 52

Beyond Philosophy

OCTOBER 31, 2016

Like millions of Wells Fargo customers, Lorraine and I have checked to see if we had any accounts opened with the bank without our consent. A criminal investigation was launched last week in California to identify whether the bank committed felonies. Banks all get into trouble at some point. Enter the Cleaning Crew.

Banking 0

Banking Consulting Consulting Sales 0

COPC

APRIL 1, 2024

At the same time, the digital ecosystem is broadening the scope and impact of these technologies across various industries. In our consulting work, we have seen a dramatic increase in organizations deploying these virtual guides for self-paced, continuous training sessions.

Customer Experience 89

Customer Experience Gamification Benchmark Chatbots 89

inmoment

JULY 6, 2020

The Coronavirus pandemic has left no industry unscathed, especially retail banking. As banking brands reel from everything from a reduction of in-branch business to the economic crunch at large, it’s imperative that they adapt to these and other challenges if they hope to emerge from this crisis in a strong position.

Banking 52

Banking Accountability CRM Consulting 52

Customer Guru

APRIL 10, 2018

Continuing with our initiative of sharing experiences of top-notch CX experts, we have another gem of an interview with Mr. Gangadhar Krishna, an independent author, coach, trainer and consultant in customer service and excellence. I was one of the few who had the challenge of working in diverse and tangent industries.

Consulting 110

Consulting Consulting Customer Service Customer centricity 110

AWS Machine Learning

MARCH 29, 2024

The integration of Amazon Lex with Talkdesk cloud contact center is inspired by WaFd Bank (WaFd)’s digital innovation journey to enhance customer experience. For example, the following figure shows screenshots of a chatbot transitioning a customer to a live agent chat (courtesy of WaFd Bank).

Cloud contact 94

Cloud contact Chatbots Contact Center APIs 94

The Northridge Group

APRIL 8, 2024

In our 3-part series: People, Process, & Technology — and the Intersection of AI, we have asked industry leaders in technology, people and process management to explain what AI is, what it isn’t, and how it can be a benefit (and a curse) in each area. In Part 1 of our series, we welcome Eric Ludwig from RISE Technology Advisors.

Technology 105

Technology Finance Government Healthcare 105

Cisco - Contact Center

JANUARY 10, 2023

As a change agent serving the financial services industry for over 20 years, it is a great privilege to collaborate with Bank, Insurance, and Wealth Management institutions to devise and execute digital transformation strategy, solve complex business problems, and leverage technology to strengthen business results.

Banking 145

Banking Enterprise APIs Contact Center 145

Eptica

NOVEMBER 13, 2015

Date: Friday, November 13, 2015 7 ways banks can transform customer experience. Author: Dharmesh Ghedia Banks and other financial service providers are facing unprecedented challenges. For example, Kabbage can approve a small business loan in 7 minutes while Dutch bank Knab sets up new current accounts in just 5.

Banking 77

Banking Customer Experience Finance Multichannel 77

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. Here’s a quick thumbnail summary of where some examples of TD Bank’s marketing unique marketing and communication initiatives have taken the company over the past year or so.

Marketing 186

Marketing Banking B2C Consulting 186

Beyond Philosophy

APRIL 3, 2016

And, this perspective got me to thinking: Irrespective of B2B or B2C industry, is the fundamental meeting of basic customer expectations, such as a pain-free transactions or experiences, ever sufficient to drive loyalty behavior? It’s understandable why TD Bank’s marketing takes this approach to value. Why don’t customers complain?

B2C 231

B2C Banking B2B Consulting 231

Beyond Philosophy

APRIL 3, 2016

And, this perspective got me to thinking: Irrespective of B2B or B2C industry, is the fundamental meeting of basic customer expectations, such as a pain-free transactions or experiences, ever sufficient to drive loyalty behavior? It’s understandable why TD Bank’s marketing takes this approach to value. Why don’t customers complain?

B2C 231

B2C Banking B2B Consulting 231

Beyond Philosophy

JULY 13, 2016

What do a Bank, an Airline, and an Online Retailer Have in Common? Consorsbank is a bank; Lufthansa is an airline; Zalando is an online clothing retailer. As Customer Experience consultants we are always going on about how emotions drive over half of the outcome for your Customer Experience. How to Measure Customer Emotions.

Customer Experience 278

Customer Experience Airlines Banking Customer centricity 278

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. X Bank made it easy for me to handle my issue/request.

Banking 48

Banking Gamification Customer centricity Surveys 48

Beyond Philosophy

SEPTEMBER 10, 2015

Employee engagement is the latest buzz phrase in the industry. Employee Culture: Why Amazon is On Top and Bank of America Isn’t. Colin Shaw is the founder and CEO of Beyond Philosophy , one of the world’s leading Customer experience consultancy & training organizations. Improving Your CX One Employee at a Time.

Employee engagement 419

Employee engagement Consulting Consulting Banking 419

HGS

JANUARY 25, 2021

The Gartner Hype Cycle summarizes the latest industry innovations and places them on a scale of “innovation trigger,” “peak of inflated expectations,” “trough of disillusionment,” “slope of enlightenment,” and “plateau of productivity.” Sifting through the latest contact center trends: One client’s story.

Contact Center 130

Contact Center Banking Education Self service 130

Beyond Philosophy

NOVEMBER 28, 2017

Since 2005, over 50,000 respondents, in 49 countries and multiple b2b and b2c industries have participated in research incorporating the Hierarchy model emotions. 4) Where customers and experience are concerned, think ‘human’, i.e. TD Bank’s “Bank Human Again” marketing campaign. and Metro Bank in the U.K.

B2C 208

B2C Banking B2B Customer advocacy 208

Customer Guru

JANUARY 3, 2018

Mr. Patel is a leading Customer Service Consultant in India. Having worked with leading organizations such as ClearTax and Amazon, and across multiple industries, he has closely observed the impact that customer experience has on the growth of any business. Customer experience as a function has evolved over years.

Consulting 83

Consulting Consulting Customer Service Customer centricity 83

Beyond Philosophy

APRIL 24, 2017

From lying on emissions tests like Volkswagen to overstating efficiency performance figures like Mitsubishi, to opening bank accounts your customers didn’t want like Wells Fargo , numerous recent examples exist of brands telling customers lies. Despite this widespread agreement, companies still do, too many, in fact. Would You Work Here?!?!

Consulting 318

Consulting Consulting Banking Customer Experience 318

NobelBiz

OCTOBER 25, 2022

Join us for a new episode with Hemanth Gorur, Vice President of Consulting Services at CGI - a company providing information technology and business process services. Hemanth started his career with CGI as a developer in India in the year 2021 and has worked in various roles within CGI focusing exclusively in the banking industry.

Banking 52

Banking Consulting Consulting Technology 52

Beyond Philosophy

JUNE 7, 2016

Stan Phelps, Chip Bell, and I have all been exposed to, and reported on, what lagniappe can do for any company, irrespective of size, industry, or location. 4) Where customers and experience are concerned, think ‘human’, i.e. TD Bank’s “Bank Human Again” marketing campaign. and Metro Bank in the U.K.

Customer Experience 186

Customer Experience Banking B2C Airlines 186

Beyond Philosophy

JUNE 11, 2020

In our business growth consultancy, we worked with the largest insurance companies in the UK back in the day. Before I explain this one, let me give you an example compliments of my favorite industry, cable providers. The post How to Manage Customer Wait Time: The Best Tips From Great Companies appeared first on CX Consulting.

Wait times 404

Wait times Management Consulting Consulting 404

Beyond Philosophy

OCTOBER 29, 2014

The loss aversion was in effect as well when several major US banks (e.g. Bank of America, Morgan Chase, etc.) This led to a large public revolt and forced the banks to axe their plans. When they removed that benefit to replace it with another one, their customers were enraged and still talk with pain about that years later.

Customer Experience 351

Customer Experience Banking Customer emotions Employee engagement 351

AWS Machine Learning

FEBRUARY 6, 2023

The benefits of Amazon Lex and Talkdesk CX Cloud are exemplified by WaFd Bank , a full-service commercial US bank in 200 locations and managing $20 billion in assets. The bank has invested in a digital transformation of its contact center to provide exceptional service to its clients.

Cloud contact 68

Cloud contact Self service Contact Center Virtual Agent 68

Outsource Consultants

DECEMBER 21, 2023

This time of year is crucial for many industries. Plus, businesses in banking, financial services, and others are busy wrapping up the year and prepping for the next. We’ve written extensively about how BPO partners are changing the industry. It’s time to appreciate their role and also see if there’s room for growth.

Call Center 67

Call Center Virtual Agent outsourcing Upselling 67

Beyond Philosophy

NOVEMBER 10, 2014

In an article about the moments of truth in customer service, McKinsey & Company revealed that 70% of customers at a bank reduced their commitment when they had a bad Customer Experience. That article also revealed that 85% of customers that had a good relationship with the bank increased their commitment.

Customer Experience 411

Customer Experience Customer retention Upselling Banking 411

Beyond Philosophy

AUGUST 9, 2016

An excellent example of an organization which drives customer and employee advocacy through social engagement is TD Bank. Wendy Arnott, TD Bank’s VP of Social Media and Digital Marketing, has built a social media program from the inside out. You Also Might Like… New Report: Keys to Community Readiness and Growth.

Banking 150

Banking B2C Consulting Consulting 150

Beyond Philosophy

JULY 5, 2015

Companies that are customer-obsessed, and what makes them both unique and successful, have been extensively profiled by consultants and the business press. . – Management model is far more horizontal, replacing traditional hierarchy; and there is an emphasis on teaming, and inclusion of customers, to create or enhance value.

Customer centricity 279

Customer centricity Complaint resolution Banking Enterprise 279

CSM Magazine

OCTOBER 4, 2023

For example, if my bank offers me a discount at a coffee shop for using digital banking services, the bank needs to ensure that discount works, whether they’re posting me a physical gift card or providing me with a coupon code in my mobile banking app. It’s also crucial to test whether rewards benefits accrue properly.

Airlines 59

Airlines Banking Transportation Consulting 59

Peter Lavers

SEPTEMBER 6, 2018

This list features influencers who are contributing to the customer service industry in an outstanding way. Peter has received numerous “top influencer” accolades in related subjects (analytics, digital, AI, etc.), and is an IBM Futurist and SAS Collaborator. He doesn’t just write and blog, though!

Customer Service 100

Customer Service Automotive B2C CRM 100

Beyond Philosophy

APRIL 6, 2016

Some companies, however, go too far with benchmarking initiatives; and they can become hyper-concerned, even obsessed, with competitive focus inside of their industry. Beyond Philosophy provide consulting, specialised research & training from our Global Headquarters in Tampa, Florida, USA.

Gamification 236

Gamification Benchmark Automotive Wireless 236

Beyond Philosophy

JANUARY 26, 2015

If you enjoyed this post, you might be interested in the following blogs: The Draining of Target’s Emotional Bank Account. All attendees will receive a discount code for 50% off the eBook. 4 Ways to Gain Customers’ Trust in Data Security. Five Insights on How to Build a Customer-Centric Organization.

Customer centricity 257

Customer centricity Government Customer emotions Consulting 257

Real Blue Sky

FEBRUARY 2, 2023

The business owner decides to use a Fractional CIO who provides consulting and IT support on a part-time, project basis. This cost-effective solution allows the business to take advantage of executive IT leadership without breaking the bank. What is a Fractional CIO?

industry standards 98

industry standards Consulting Consulting Technology 98

Outsource Consultants

JANUARY 24, 2022

With the COVID-19 pandemic lurking in the shadows, we wrote an article about the changing BPO industry in the Philippines. Let’s take a look at how the potential threats we covered in 2019 have played out, and how the Philippine call center industry has faced the additional difficulties initiated by the pandemic.

outsourcing 128

outsourcing Real estate Government Call Center 128

Beyond Philosophy

DECEMBER 5, 2016

In a September 13 th Wall Street Journal article, CEO John Stumpf said that the bank didn’t have a bad culture, but that it has been working to weed out bad employee behavior. Though Stumpf has said that “I’m thinking about how do we move forward”, his testimony before the Senate Banking Committee did little to help with doing that.

Brand ambassadors 248

Brand ambassadors Customer centricity Banking Consulting 248