article thumbnail

Banking Trends That Are Going to Define 2018

CloudCherry

The retail banking industry has been dealing with massive upheaval for a while now, and things will continue in the same vein come 2018. Furthermore, consumers are beginning to trust these firms more and more, often to the detriment of traditional banks. Here are some of the trends that will define 2018 for the banking industry.

Banking 170
article thumbnail

How AI Customer Experience Can Advance Your Business Strategy

InMoment XI

As e-commerce becomes increasingly global and competitive, business leaders understand that technology can be a valuable tool in reconnecting with consumers. It involves harnessing advanced technology, specifically artificial intelligence and machine learning, to enhance the way businesses connect with their customers.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Top 4 Strategies to Improve Credit Union Member Experience

Comm100

Speed up support with live chat. Live chat should be at the center of every credit union’s member experience strategy because it delivers on the key want of its members – fast support. Traditional phone support tends to result in lengthy wait times as members wait for an available agent.

Strategy 177
article thumbnail

4 Reasons Why Credit Unions Need to Offer Live Chat in 2022

Comm100

They need to offer the convenience of self-serve solutions, while providing personalized support and human experiences. The Deloitte Center for Financial Services conducted a survey of digital banking in March 2021 that speaks to the shifts happening among banking customers.

Banking 130
article thumbnail

3 Reasons it’s Now Time for Chatbots in Credit Unions

Comm100

Beginning with the introduction of live chat, members immediately responded to the convenience of digital support channels: “We’ve received nothing but positive responses. Members love the ease of being able to be anywhere and connect with us over chat instead of having to go into a branch or calling in.

Chatbots 153
article thumbnail

How to Accelerate Credit Union Digital Transformation

Comm100

While telephone and email were once the go-to support channels, today’s members now expect more. Members that traditionally sought in-branch support now expect digital services to supplement their member experience. In 2021, US banking customers that identified as ‘phygital’ grew by 17%. Step 1: Introduce live chat software.

Chatbots 189
article thumbnail

How to Improve Credit Union Member Engagement

Comm100

Credit unions are not-for-profit and are owned by the people who use its services – their members – rather than shareholders or investors like banks typically are. This means that while making a profit is a bank’s priority, credit unions’ overriding goal is to provide the best service to their members. Table of contents.