A Lean Growth Plan for 2023: 4 Tactics

Customer surveys have become an indispensable tool for banks aiming to improve the customer experience. They help banks gauge satisfaction, identify pain points, and understand expectations. However, turning survey data into actionable insights is often difficult, and it’s easy to get stuck in the survey-action gap. Several factors contribute to the existence of this gap: […]

To thrive and grow, financial institutions need to understand their customers – their motivations, needs, and expectations. This involves collecting, analyzing, and putting into action data on customer satisfaction. It can be very time-consuming – banking leaders are often surprised to learn how difficult it is to get accurate customer insights. The advent of Artificial […]

Customers expect more than ever from their banks. From convenience to personalization, the bar for customer satisfaction is set higher and higher as companies like Apple and Amazon use technology and design to deliver amazing customer experiences. This makes customer-centricity a strategic imperative. Banks need every possible tool in their toolkit to surprise and delight […]

At any organization, employee titles signify rank in a hierarchy. But they can go way beyond simple rank to shape a customer-centric culture, as we learned talking with T.J. Hammond, a learning and development professional at Chick-fil-A. This discussion shed light on how a different approach to titles can empower employees and transform workplace culture. […]

In the last few years, open banking has begun reshaping how banks operate, collaborate, and serve their customers. However, there’s one vital element that can’t be overlooked as financial institutions dive into the world of open banking: customer feedback. In this article, we’ll explore why customer feedback is a crucial prerequisite for open banking’s success. […]

Open banking is undoubtedly transforming the financial industry. The general idea: Banks partner with third-party service providers (usually fintechs) and offer services to customers via API connections. Both banks and fintechs get something out of the deal. Banks are able to offer customers an expanded array of new services and technologies, in addition to reducing […]

Why account opening has become the most important part of the customer journey Now more than ever, customers expect a seamless and hassle-free experience when opening a new bank account. Account opening is often the very first interaction a customer has with a bank, and it sets the tone for their entire banking relationship. Frustrations, […]

Getting Ready for Digital Account Opening: A Roadmap As the financial landscape changes, it’s become clear that digital transformation is a necessity for financial institutions. Most large, traditional banks have mobile apps, where consumers expect to be able to complete financial transactions easily on their phones. More and more consumers are switching to online banks […]

4 Strategies to Remain Relevant to Customers How the most successful banks stay top-of-mind. Remaining relevant with your customers is not just a “nice-to-have” – it is a vital component of achieving customer satisfaction. Customer expectations continually evolve and competitors vie for their attention. Staying relevant is critical to the customer experience, ensuring consistent growth […]

In an increasingly digitized world, the ways in which financial institutions interact with their customers have evolved significantly. Mobile apps have emerged as powerful tools not only for convenience and transactions but also for communicating an institution’s values. Just as a physical branch can represent an institution’s brand through employee interactions and marketing materials, a […]