West Monroe

JULY 30, 2023

In our 2023 Outlook: The Future of the Banking Industry , we anticipated murky waters and a rising need for the use of digital solutions to better evaluate profitability, identify key customer touchpoints, and work to prevent deposit outflows and overconcentration. This urgency has only increased.

Banking 52

Banking Multi-Channel Financial Customer Centricity 52

Experience Investigators by 360Connext

MARCH 26, 2024

Unlock the future of customer experience as I, Jeannie Walters, team up with Greg Kihlström from the Agile brand to dissect the fascinating blend of strategy and technology that’s shaping how we interact with businesses today. Will this approach truly empower customers or is it merely a stepping stone to a fully digital future?

Banking 178

Banking Advertising ROI B2B 178

CloudCherry

JANUARY 4, 2018

The retail banking industry has been dealing with massive upheaval for a while now, and things will continue in the same vein come 2018. However, FinTechs will also keep the pressure up on the industry due to their agility and constant innovation. Here are some of the trends that will define 2018 for the banking industry.

Banking 170

Banking Trends Financial Self Service 170

West Monroe

JUNE 27, 2023

In an environment characterized by increasing interest rates and economic uncertainty, banks must address the interconnected threats of deposit runoff and uncertain loan portfolio returns to meet performance expectations.

Banking 52

Banking Customer relationships Strategy Management 52

West Monroe

JUNE 27, 2023

In an environment characterized by increasing interest rates and economic uncertainty, banks must address the interconnected threats of deposit runoff and uncertain loan portfolio returns to meet performance expectations.

Banking 52

Banking Customer relationships Strategy Management 52

West Monroe

JUNE 27, 2023

In an environment characterized by increasing interest rates and economic uncertainty, banks must address the interconnected threats of deposit runoff and uncertain loan portfolio returns to meet performance expectations.

Banking 52

Banking Customer relationships Strategy Management 52

Forrester's Customer Insights

FEBRUARY 21, 2023

Over three quarters of banks are increasing their spending on emerging technologies, creating the potential for hype and fear of missing out. Forrester identified nine emerging technologies that should be on the list of every bank, either now or later.

Banking 49

Banking Return on Investment Innovation Technology 49

Inbenta

NOVEMBER 9, 2021

Digital transformation has affected almost every industry, as organizations try to gain a competitive advantage and cater to changing customer demands. Digital Banking Moves Forward. Banks are consequently preparing themselves to meet these challenges in the future and to not fall for the same mistakes. check account balances.

Chatbots 95

Chatbots Banking Customer Care Self Service 95

West Monroe

MAY 17, 2023

Forward-thinking technology has become table stakes for all banks, especially given the rapid growth of fintech companies shaping the market. Fintechs, digital currencies, and neo banks are creating an increasingly fragmented industry with a myriad of digitally forward options for consumers. With upwards of $4.7

Banking 52

Banking Technology Innovation Roadmap 52

2020 Research

AUGUST 26, 2022

The Looming Economic Storm: How Consumer Banks Will Survive This Recession. Schlesinger Group surveyed more than 3,000 customers of the 20 leading financial institutions in the U.S. Explore our five key findings from the 2022 US Banking Industry Loyalty Report, created in collaboration with Apex Scoring System.

Banking 52

Banking Consumers Loyalty Innovation 52

West Monroe

JULY 6, 2023

Watch this webinar featuring the Consumer Bankers Association and industry leaders from West Monroe's Financial Services practice to gain insight into practical business cases for small business banking.

Banking 52

Banking Financial Industry Consumers 52

Eptica

MAY 6, 2020

Date: Wednesday, May 6, 2020 Author: Pauline Ashenden - Demand Generation Manager Are banks building trust through customer service excellence? Author: Pauline Ashenden - Demand Generation Manager The coronavirus pandemic is actually accelerating digital transformation in many verticals, and banking is a prime example.

Banking 79

Banking Customer Service Social Media Self Service 79

Talkdesk

NOVEMBER 30, 2020

It was a valuable lesson about the power of partnership , not just for my bottom line; but for my ability to provide exceptional service to my customers. At Talkdesk , we form relationships with companies to integrate their innovations into our platform. The post Partnering with innovators appeared first on Talkdesk.

Innovation 103

Innovation Contact Center Banking Communication 103

CSM Magazine

JULY 13, 2022

When it comes to money, it’s responsible to make informed choices regarding who you do business with, especially in banking. Consumers deserve a bank that offers competitive rates, innovative financial products, and quality services. Unfortunately, the relationship between banks and consumers varies. Mobile Banking.

Banking 59

Banking Customer Service Customer Experience Financial 59

West Monroe

JUNE 6, 2023

As long as technology continues its creep into every facet of our daily lives, customer expectations for organizations’ products, services, and experiences will continue to evolve. That’s why innovation is so critical. But the innovation landscape is changing fast—and not in linear fashion.

Innovation 52

Innovation e-support Banking Retail 52

West Monroe

DECEMBER 11, 2022

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

Banking Marketing Self Service Financial 52

Comm100

DECEMBER 2, 2021

In 2021, evolving customer experience trends shook up the financial services industry. Customers demanded digital services to meet their needs, and as organizations rose to the demand, these high customer expectations led to innovative new services. billion globally in banking. Save banks 862 million working hours.

Financial 226

Financial Trends Customer Experience Chatbots 226

ReviewTrackers

MARCH 14, 2019

The Importance of Customer Journey in Banking. There is so much disruption going on in the world of banking and financial services. After a decade of having to deal with serious trust issues and thin margins, banks today continue to face a mix of challenges. What Does Customer Journey in Banking Mean? .

Banking 94

Banking Customer Journeys Touchpoint Rewards Programs 94

InMoment XI

NOVEMBER 20, 2023

In particular, Artificial Intelligence (AI) has emerged as a powerful tool, revolutionizing the way companies understand and enhance the customer experience. As we delve into the realm of AI in Customer Experience (CX), we will explore how this technology is reshaping the customer-business relationship. What is AI in CX?

Customer Experience 324

Customer Experience Strategy Chatbots e-support 324

West Monroe

FEBRUARY 28, 2023

As financial institutions determine their strategies for navigating the new year, West Monroe partnered with American Banker to ask leaders in commercial, retail, and private banking how they’re approaching their loan and deposit products and portfolios in response to ongoing financial pressures in the U.S. There’s little panic.

Banking 52

Banking Financial Retail Consumers 52

Customer Bliss

JULY 4, 2017

Mark Slatin is the Director of Client Experience for Sandy Spring Bank. They won CX Innovation Awards in both 2015 and 2016, so he seemed like a great person to bring on and discuss what he’s doing with his team — and how/why. He was a great student of customer experience and formed/understood what the work needed to be.

Banking 143

Banking Leadership Net Promoter Score Customer Journeys 143

Avaya

OCTOBER 25, 2017

Sources like CNBC and The Telegraph predict that the retail bank branch will die within the next decade. In fact, the market is heading towards bank branch innovation unlike anything we’ve ever seen. Traditional vendors must now compete alongside newer digital-only banks like Ally in the U.S., We can’t help but agree.

Banking 58

Banking Innovation Brands Self Service 58

Blueshift

MARCH 29, 2024

Unlike most traditional banking institutions, credit unions boast a unique value proposition—a commitment to community-centric banking, personalized service, and member-driven initiatives.

Data 111

Data Banking Innovation Consumers 111

West Monroe

MARCH 28, 2023

What’s more, recent market volatility and threats to banks around deposit run off only heighten the need for banks to adopt a balanced segmentation and portfolio management strategy—one anchored by data—that can help banks both attract and deepen relationships with their most valuable customers and mitigate risk of deposit runoff.

Banking 52

Banking Data Meeting Self Service 52

CSM Magazine

SEPTEMBER 22, 2022

The new digitally-native payment product, powered by open banking technology, offers consumers the choice to instantly Pay By Bank, authorising payments via their mobile banking app or online banking portal. This innovation makes payments – and instant refunds – quicker, easier, and highly secure.

Banking 52

Banking Omni-Channel Innovation Consumers 52

Forrester's Customer Insights

APRIL 22, 2021

Significant gaps continue to exist in private banking, forcing firms to rethink pricing and organizational models. As a result, high-net-worth clients are not fully benefiting from some of the digital innovations that are changing how customers interact with their private banks.

Banking 71

Banking Innovation Trends Interaction 71

West Monroe

JANUARY 25, 2022

It is also assumed that M&A will be a hot topic in 2022 as banks look for new growth opportunities and to increase the speed at which they can invest and scale their technology platforms. Payment and monetary disruption: the rise of crypto in mainstream banking. This outlook will not include an analysis of M&A trends.

Banking 52

Banking Financial Trends Multi-Channel 52

Talkdesk

DECEMBER 23, 2020

innovation and competitiveness. Distribution through financial centers: Banks, credit unions and community lenders will receive the applications, review, process and distribute the new tranche of $267.5 Banks and lenders will need to make the PPP process as clear and straightforward as possible to their agents and clients.

Banking 126

Banking Contact Center Insurance Self Service 126

Forrester's Customer Insights

FEBRUARY 25, 2021

Digital transformation is coming to Corporate Banking. Corporate banking today is antiquated due to its highly customized and complex product offerings; lack of challengers to drive innovation; and strong barriers to switching for clients. Enterprise clients have lived with a sub-par experience for far too long.

Banking 48

Banking Retail Innovation Customer Experience 48

West Monroe

AUGUST 22, 2023

Along with the rest of the financial services industry, the Farm Credit System has been evolving, adopting technology, managing risks, and partnering with those that strive to innovate how they do business.

Banking 52

Banking Guidelines Financial Metrics 52

West Monroe

MAY 17, 2023

Forward-thinking technology has become table stakes for all banks, especially given the rapid growth of fintech companies shaping the market. Fintechs, digital currencies, and neo banks are creating an increasingly fragmented industry with a myriad of digitally forward options for consumers. With upwards of $4.7

Banking 40

Banking Technology Innovation Roadmap 40

West Monroe

MAY 24, 2022

Today’s mid-size banks and regional banks are in a unique spot: big enough to require competing with larger banks on digital customer experiences, but too small to absorb the consequences of strategic technology blunders when it comes to investing in them. But there’s also significant opportunity here.

Banking 52

Banking Technology Marketing Financial 52

Forrester's Customer Insights

NOVEMBER 2, 2021

To compete and survive in an increasingly unpredictable, post-pandemic world, banks will invest heavily in technology, talent, and sustainability in the coming year.

Banking 48

Banking Innovation Technology Financial 48

West Monroe

DECEMBER 6, 2022

An uncertain economy—highlighted by high inflation and increased cost of lending—will force banks to pivot to build momentum and provide high-quality customer experiences in 2023. Banks must find ways to meet their customers where they are, with precisely what they need, at the right time. 2-Minute Takedown.

Banking 52

Banking Industry Financial ROI 52

CSM Magazine

MARCH 5, 2024

With a proven track record of driving continuous innovation and fast-paced growth, Mike brings both extensive experience and strategic vision to his new role. My primary focus is therefore on extending our role as a trusted advisor in digital transformation, customer experience, and communications compliance management.”

System 52

System Innovation Banking Communication 52

West Monroe

NOVEMBER 1, 2022

What’s more, the tidal wave of change in customer demographics and the long-awaited generational wealth transfer has arrived. Banks, in response, have been working diligently to map out a new customer experience, balance digital and traditional methods, and meet and service customers where they need it.

Banking 52

Banking Self Service Sales Insurance 52

Lumoa

DECEMBER 19, 2023

Have you ever thought about how some businesses manage to analyze thousands of customer reviews and feedback quickly? Customer feedback is a precious resource for understanding what’s effective and what needs improvement. In this article, we’ll explore five innovative and creative ways to leverage AI for sentiment analysis.

Analysis 208

Analysis Social Media Trends Feedback 208