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Consumer banking: money can’t buy loyalty

Currency Alliance

A 2018 Collinson study reported that 66% of financial services professionals say their bank “does not understand why customers are loyal or have a strategy to strengthen customer relationships”[i]. People are more likely to leave their spouse than their bank[ii], so it might seem that banks have no case to answer. Extra what?

Banking 40
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Loyalty programs: should you issue your own points or miles?

Currency Alliance

A high-frequency business, on the other hand, such as grocery stores, banks, and payment card issuers etc, do have sufficient customer frequency, with many customers returning every week. Remember, your loyalty goal is not to issue the maximum number of points, but for the maximum number of customers to see joining your program as worthwhile.

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Overcoming the Great Resignation with Lessons Learned from CX Best Practices

CSM Magazine

But, beyond these frontline solutions that powered the early work-from-home, organizations should also reconsider many of their longstanding tools as well—such as CRM and data management platforms. Avtex partners with leading technology vendors like Microsoft and Genesys to address CX challenges through CX design and orchestration.

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Loyalty Tech: Migrate to Microservices, or Get Left Behind

Currency Alliance

Loyalty systems were some of the first marketing technology, dating back 35 years. The typical incumbent loyalty technology platform comprises five core modules: CRM/Analytics Platform. The typical incumbent loyalty technology platform comprises five core modules: CRM/Analytics Platform. Points Bank.

Loyalty 58
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Precision loyalty: data-led investment yields greater ROI

Currency Alliance

Technology has advanced so strategically in recent years, particularly in terms of microservices and SaaS platforms where brands share technology costs, that any program operator should benefit from collaborative loyalty with little investment. Too many reward programs focus on short-term profits, such as breakage.

ROI 52
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10 Key Insights from 15 years of Customer Journey Mapping

SuiteCX

©2014 suitecx – ConfidenDal Internal company communica2ons hopelessly broken; 70 SharePoint Sites with no overall management/ governance Formal diagnos2c process included reviews of people, process, technology and data across mul2ple divisions Improved employee sa2sfac2on; stronger focus on cri2cal informa2on and processes 6.

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Mastering Call Queuing: The Ultimate Guide to Efficient Customer Communications

NobelBiz

A financial query at a bank differs vastly from a technical issue at a software company. Best Practices for Call Queuing Implementation Beneath the technological sophistication of call queuing lies a pursuit of excellence. Post-Call Actions Automatic Updates: Automate the process of updating call insights into the CRM.