Remove Customer Centricity Remove Customer Expectations Remove Survey Remove Touchpoint
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Understanding Customer Expectations in Financial Services: Key Strategies for Satisfaction

CSM Magazine

Understanding customer expectations is paramount in the landscape of financial services, where consumer trust and satisfaction are key to retaining clientele and maintaining a competitive edge. In this sector, customer experience ties directly to the perception of the institution’s reliability and expertise.

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Leveraging Unstructured Data Analytics: The Key to Unlocking Hidden Customer Insights

InMoment XI

While traditional customer feedback is a goldmine of insights that can drive business growth, a substantial portion of this valuable feedback lies in unstructured data. Emails, social media posts, customer reviews, call center transcripts, and open-ended survey responses—all hold crucial information about customer sentiment and preferences.

Analytics 488
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How Voice of Customer (VoC) Programs Revolutionize Compliance in Financial Services

InMoment XI

Furthermore, VoC programs can help identify systemic themes behind recurring customer feedback , known as the “outer loop.” ” This deeper understanding allows firms to address underlying issues and communicate solutions back to customers.

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How Prepared Are Financial Firms Feeling for Consumer Duty?

InMoment XI

By embracing a mindset of adaptability and remaining attuned to shifting customer expectations and regulatory landscapes, organisations will be best able to meet the challenges and seize the opportunities presented by the act. What Are the Biggest Changes That You Have Made Towards Identifying Risk Amongst Your Customers?

Consumers 492
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Elevate Your CX with Customer Experience Experts

InMoment XI

To meet these demands, companies are turning to customer experience experts who possess the knowledge and skills to enhance CX platforms and drive customer-centric strategies. Who Are Customer Experience Experts? This is where customer experience experts play a crucial role.

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Bridging the CX Perception Gap

Horizon CX

Their primary focus on financial indicators, efficiency, and internal processes can lead to a lack of understanding regarding customer needs, desires, and pain points. This inward focus can cloud their perception of what customers truly value.

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The 7 habits of Companies with successful customer-centric cultures

CloudCherry

Research from Deloitte and Touche found that customer-centric companies were 60% more profitable than companies that weren’t focused on the customer. Econsultancy conducted a survey to find out the most important characteristic needed to establish a truly ‘digital-native’ culture. They hire only the right people.