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Whether a retail bank, wealth management firm, credit union, or insurance company with a banking segment, the financial industry is facing dramatic changes on how best to accommodate customers, and what is the appropriate mix between brick-and-mortar bank branches, remote work, self-service ATMs, and digital platforms.
Making customerexperience consistently good is a priority, but it's not enough. Great experiences in the future will be tailored to individual needs and preferences.
If you are a retail bank today in the developed world and you don’t have an app for your customers, you are increasingly becoming an exception. Certainly almost every bank in the world today has some form of Internet website […].
NuBank has generated unprecedented customer growth on the back of their marketing, customerexperience and new product design strategy. Each store is closer to an art exhibit than a retail outlet. Each one of their stores explores a different theme designed to provoke an emotional response.
I was in India a few weeks ago speaking to the Reserve Bank and most of the primary Retail Banks about the impact of mobile and social media on the industry there. The new RBI Governor in India, Raghuram Rajan, has ruffled some feathers with his unconventional approach thus far, but he has his work cut out […].
The post What Reopening Plans Reveal About Retail Banking’s Future appeared first on The Financial Brand. Covid-19 comeback: Sampling of financial executives plus views of two Georgia bankers suggests a 'return to normal' will be anything but.
Study shows: Even with lobby restrictions still in place, most new consumer checking accounts at community institutions originate in-branch. The post Branches Bounce Back with Strong Retail Sales After Initial COVID Hit appeared first on The Financial Brand.
Regional bank wrestles with branch role as digital soars and virtual meetings take on more of the advisory work. The post Citizens Bank CXO Details How COVID Has Changed Retail Banking appeared first on The Financial Brand. Data and agility are keys.
Allow branch staff (who we no longer call tellers) to focus more on providing financial advice, community involvement, and driving brand awareness than on counting and handling cash. Also, drive-thru lanes with ITMs typically provide a better customerexperience than transacting and communicating through the traditional vacuum tube system.
Allow branch staff (who we no longer call tellers) to focus more on providing financial advice, community involvement, and driving brand awareness than on counting and handling cash. Also, drive-thru lanes with ITMs typically provide a better customerexperience than transacting and communicating through the traditional vacuum tube system.
Banks and credit unions are reimagining in-branch banking as consumers shift their post-pandemic behavior patterns and expectations. The post How the Appointment Economy Is Changing the Retail Banking Experience appeared first on The Financial Brand.
Branch banking has become the channel of last resort. The post Retail Banking Without Branches: 7 Critical Elements of the New Reality appeared first on The Financial Brand. Here's what banks and credit unions must do now in digital to effectively compete.
Is being customer-centric a goal at your bank? You’ll need to master these five practices to align employee behavior with your desire to improve the customerexperience.
But they overlook a midwestern institution that gives away little to the megabanks in retail banking. Some insist regional banks are doomed. The post How Huntington Bank Has Quietly Become a Digital Powerhouse appeared first on The Financial Brand.
Looking to cement its dominance in retail banking, Bank of America created Life Plan 1.0, a digital app tightly tied to in-person experience. The post Inside the Strategy Behind BofA’s Digital Life Planning App appeared first on The Financial Brand.
The big retail bank's experience proves a digital + physical strategy not only works, but could be the key to capturing Gen Z. The post Chatbots and Cafés: How Capital One Balances Digital, Physical Banking appeared first on The Financial Brand.
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