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Why banks should shift to offense and invest amid market uncertainty

West Monroe

This means that at a time when banks are poised to generate “cycle” high-net interest margins, they’re instead forced to prepare for volatility: increasing loan loss reserves, optimizing their workforce, and scrounging for deposit bases. Facing an economic downturn, banks should play offense.

Banking 52
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Understanding Customer Expectations in Financial Services: Key Strategies for Satisfaction

CSM Magazine

Customers no longer rely solely on physical branches and are increasingly turning to digital channels like mobile banking apps, online platforms, and even social media for real-time access to their accounts and financial advice. It harnesses customer data and behavior patterns to foresee individual customer needs and preferences.

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Defining the Value of Customer Experience: A Guide for Creating CX ROI in A Constantly Changing World

Experience Investigators by 360Connext

By prioritizing the customer’s perception from pre-purchase to post-purchase stages, organizations are positioned to navigate the complex nature of consumer needs effectively. And they will be rewarded for that focus on the customer! Understanding Customer Experience Management (CEM) Let’s start at the beginning.

ROI 260
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Staying Competitive: Tools Every Mortgage Broker Needs in Their Arsenal

CSM Magazine

To navigate the market and outshine competitors, smart brokers equip themselves with a variety of tools to serve clients and manage their businesses efficiently and effectively. Customer Relationship Management (CRM) Software Managing client relationships is vital for any mortgage broker.

Tools 52
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Leveraging the Power of CRM to Create Extended Loyalty for Your Bank

West Monroe

As of September 2016, there were 5,980 FDIC-Insured banks in the United States. While this number dropped from 6,270 FDIC-Insured banks in September of 2015, total assets actually increased from $15.8 As the banking consumer grows more loyal, they no longer use multiple banks for their various financial services needs.

Banking 40
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7 Customer Service Tips for Financial Service Companies

Kustomer

Although cash may be the reason you’re in business, customers are the more important commodity when it comes to keeping that business afloat. Trust plays a huge role in finance and banking. When it comes to protecting, investing and being responsible for customers’ money, they need to trust in the financial services company.

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Your CX Playbook for Financial Services

Kustomer

This interaction is often initiated by the customer rather than the company, such as when a customer reaches out to a bank or a financial services organization with a question about a service (budgeting tools or spending trackers) prior to enrolling in that service. What Is a CX Playbook? Through technology, of course!