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How to Optimize Reputational Risk Management in Banks

ReviewTrackers

Bank Reputation Risk Management. Reputation is one of the most valuable assets that a bank can have. After all, reputation is the key to building public and consumer trust. A great reputation can set a bank apart from its competitors. This leads us to the question: what is bank reputation risk management?

Banking 94
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Banking Needs Humans & Machines to Deliver Better Experiences

Uniphore

The challenges of the pandemic thrust banks that were struggling to remain relevant and their customers who were still digital holdouts into the same situation: learn how to shift banking activity from in person to online practically overnight. Today digital banking is the norm rather than the exception and there’s no going back.

Banking 130
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5 Creative Ways to Use AI for Sentiment Analysis

Lumoa

Have you ever thought about how some businesses manage to analyze thousands of customer reviews and feedback quickly? However, manually sifting through and evaluating this feedback can be incredibly time-consuming. However, manually sifting through and evaluating this feedback can be incredibly time-consuming.

Analysis 208
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What is Bank Reputation Risk Management?

ReviewTrackers

Bank Reputation Risk Management. Reputation is one of the most valuable assets that a bank can have. After all, reputation is the key to building public and consumer trust. A great reputation can set a bank apart from its competitors. This leads us to the question: what is bank reputation risk management?

Banking 90
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Are tech companies the biggest threat for traditional banks?

CloudCherry

For quite a while, banks were eyeing fintech startups as their main foes. They invested in technology to compete with these startups and to improve customer experience in banking. There seems to be a bigger threat to banks coming from a different direction, namely tech companies. But the landscape is constantly changing.

Banking 220
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Customer Retention Strategies for Banks: Customer Experience is Key

ReviewTrackers

Bank Customer Retention: Why It Matters. This holds true for banks and financial services providers, too. That means the relationship does not become profitable for the bank until well into the second year. 80 percent of consumers would switch financial institutions for a better experience. More on this later.).

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3 Benefits of Knowledge Management for Customer Service

Kayako

According to a Forrester report , 72% of US online consumers prefer to use self-help tools online to get answers to their questions rather than contact the company’s help desk via telephone or email. What is Knowledge Management? Knowledge management involves two perspectives. So what is the answer?