article thumbnail

You Can’t Legislate Customer Centricity

Beyond Philosophy

We are making sure our government integrates intelligence to combat cyber threats, just as we have done to combat terrorism. Can you legislate a critical part of serving your Customers well in this way? Customer centricity is not the result of a sweeping (and frankly, rather relaxed) standard issued by the government.

article thumbnail

What Does The Scottish Independence Vote Have to Do with Customer Experience?

Beyond Philosophy

If people in Bulgaria were given the option to choose to be governed by European or even British politicians over our current ones, I’m sure many would choose to do so. How is this applicable to Customer Experience? Well, Loss Aversion is applicable to Customer Experience as well. Bank of America, Morgan Chase, etc.)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Losing Customers Trust is the Worst Penalty VW Will Face

Beyond Philosophy

Banks lied to us, nearly crashing the world economy and causing the Great Recession. I had thought the banking crisis was the pinnacle of organizational stupidity but then last week we hear Volkswagen (VW) lost 30% of their value. And then he will promise to clear things up. In fact, he already did that. I hate this pattern.

Banking 406
article thumbnail

Why Do We Need AI? A Guide to Conversational AI in the Contact Center.

3CLogic

AI in customer service does have its limitations. As explained by Aragon Research , “the major challenges in AI often revolve around information quality and integrity, ethics, change management, security, and governance.” Imagine a scenario where a customer inquires about their bank account being hacked.

article thumbnail

Getting emotional: experts share secrets to CX success

Vonage

His research has also found that the single most important thing a brand can do to drive a positive emotional experience is to make customers feel that their needs and time are valued – that the business understands their goals and can provide resources that will eliminate potential frustrations going forward.

Banking 91
article thumbnail

Customer Experience in Financial Services: A Comprehensive Guide

Balto

At the same time, they may decide that a call is no longer necessary, so it’s a win-win situation here: Your customer found a solution to their problem faster, and your agents have one less customer to deal with, boosting their productivity.