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2023 Banking Outlook: Mid-Year Update

West Monroe

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.

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The Bank Branch Digital Transformation Trifecta

Avaya

So, how will the bank branch be impacted? We have an idea of where bank branch digital transformation is headed…. In 2016, Ernst & Young introduced its Banking Relevance Index (BRI), designed to measure the importance of traditional banks to customers’ lives. But this hasn’t stopped demand for traditional banking.

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2022 Banking Outlook

West Monroe

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.

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Experience Management Software: 10 Great Tools to Check Out in 2021

SurveySparrow

SurveySparrow is an omnichannel experience management software that uses surveys as a primary management tool. Omnichannel engagement through websites, in-app, email, QR codes & more. Feedback collection for diverse channels. Omnichannel engagement. Real-time reporting. Omnichannel survey distribution.

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Referral marketing software for the win: Our top 20 picks

BirdEye

Benefits of doing referral marketing A whopping 83% of individuals trust referrals or recommendations from friends and family more than any other marketing channel. It’s an organic way that leverages the power of word-of-mouth — the most credible form of advertising — to grow your customer base.

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4 Reasons Your Customers Won’t Reach Out to Customer Service

GetFeedback

If you cover multiple communication channels (Aka omnichannel customer service ) , people will reach out: being able to choose the way to contact support simply makes it more convenient. However, adding new channels is not enough. Covering such channels as phone, email, web, live chat, social media, communities, etc.

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Contact Center Fraud: A Guide to Identification and Prevention

CSM Magazine

The State of Omnichannel Authentication Survey , conducted by TransUnion, found that over half of the respondents reported an increase in the frequency of callers attempting to commit fraud. Implementing multi-factor authentication and strengthening password policies can help deter these attacks.