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Brand Differentiation – How One Bank Is Producing 132% Profit Growth

South State Correspondent

If your bank struggles to create a clear value proposition and brand differentiation, then we have a case study for you. Their secret – fanatical customer service. Instead of marketing, the Bank strategically focuses on two areas – product development and customer service. and became the most valuable bank in Latin America.

Branding 221
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Chanel And Farfetch Ink New Strategic Partnership

PYMNTS

Iconic French fashion house Chanel has inked a strategic partnership deal with online designer marketplace Farfetch that will focus on deploying the latter’s operating system within the confines of Chanel’s physical boutiques, according to industry news source Business of Fashion. Luxury eCommerce is a growing concern.

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Digital first in banking: Going beyond the interface

Insights on Business

The ingredients that will help execute the digital first mission include: Customer experience: Who are the digital-first customers and what do they expect? Customer experience. We need to consider the needs of all types of customers. Which means the bank’s brand is becoming invisible too. To be clear.

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What the future holds for retail banking – 5 key trends

NCR

We estimate that in five major retail banking businesses (consumer finance, mortgages, SME lending, retail payments and wealth management) from ten to 40 percent of revenues (depending on the business) will be at risk by 2025, and between 20 and 60 percent of profits, with consumer finance the most vulnerable.” A more digital business.

Trends 40
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How AI can deliver a personalized banking experience that drives customer devotion

NCR

According to Goldman Sachs , machine learning and artificial intelligence (AI) will enable $34 billion to $43 billion in annual “cost savings and new revenue opportunities” within the financial sector by 2025. Improving digital experiences.

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Luxury Retail, Luxury Fraud: How Neiman Marcus Is Battling Fraudsters

PYMNTS

This growth is reflected across all areas of retail as online shopping becomes more popular with consumers, forcing even more traditional retailers — such as those that sell luxury products — to craft an online experience. By 2025, online luxury sales are expected to triple, leading to an anticipated $91 billion in sales, one report noted.

Fraud 109
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Bolstering Cyber Resilience in the Financial Services Industry: Part One

Cisco

A 2020 Accenture report – ‘Securing the Digital Economy: Reinventing the Internet for Trust’– forecasts that nearly $350 billion could be lost by the financial services industry to cybercrime by 2025. Knowing this, we put together a two-part blog series to help you assess and improve your financial institution’s security.

Industry 119