Gonzobanker

JULY 20, 2022

The lack of clear ownership in driving digital transformation represents a huge roadblock for financial institutions fighting to stay relevant. Bank executives are coming to understand that in today’s world, the customer experience (CX) is the product, although not all have made a serious commitment to address newfound competition.

Digital Strategies 173

Digital Strategies Strategy Leadership Customer Experience 173

Gonzobanker

JUNE 25, 2021

As providers like Amazon, Netflix, and Instacart showed consumers that they could easily conduct business from the comfort of their living rooms, it fell on financial institutions to step up their game and deliver virtual services that are consistently quick, simple, and personalized to customer preferences. Customer Experience.

Customer Experience 95

Customer Experience Fraud Policies Training 95

Bobsguide

JUNE 3, 2022

Auriga is helping banks to deal with these banking industry challenges and develop stronger mobile propositions, alongside better digital and omni-channel engagement. King also makes the case that in addition to the push for #nextgenbranches, there is a shift in consumer banking behaviour.

Video 78

Video Training Customer Experience Mobile 78

Bobsguide

FEBRUARY 22, 2022

The bank was looking for a modern, digital banking solution that would help it transform customer engagement through the delivery of contextual experiences. Furthering the government’s vision of moving operations and infrastructure to the cloud, BDB wanted to host the entire core banking platform on a public cloud.

Innovation 78

Innovation Customer Experience Strategy Operations 78

Gonzobanker

JULY 8, 2022

The operational world of cash, checks, deposit slips, passbooks, and teller terminals used to dominate bank tech budgets. Those were the days of green screen cores and server-based ancillary applications, and digital banking was a Star Trek thing of the future. Enterprise Resource Manager.

Resources 139

Resources Leadership Technology Management 139

Gonzobanker

MARCH 22, 2023

If running the capital plan numbers indicates that growth needs to slow, banks will need new tactics to drive profitability, and a major focus will return around operating efficiencies. Digital banking uptime, the speed and accuracy of moving money, and the ability to talk to informed bankers are vital right now.

social media 78

social media Capital Risk Management Strategy 78

Celent Banking

JUNE 17, 2015

They often aren´t trained properly or paid enough to care about delivering the kind of customer service banks are trying to deliver through digital. Digital has allowed industries to overcome some of the barriers facing other customer experiences. The challenges facing branches are no different.

Video 100

Video Customer Experience User Experience Training 100

NCR

APRIL 4, 2017

The rise of digital banking has led to fewer opportunities for person-to-person interactions with customers, and banks are setting the bar high for their non-human ambassadors. With more accessible data, banks can collect the information they need across the organization for machine learning.

Training 61

Training Branding Customer Experience Data 61

Gonzobanker

DECEMBER 22, 2020

There have been many come-and-go digital banks. For a digital bank, Axos has a net interest margin twice that of Wells and BoA with an expense ratio under 2% – that helps drive a 15.5% It’s great to see Axos continue to hone its strategies and maintain the margins/credit quality that the market is rewarding.

Idaho 172

Idaho Community Industry Strategy 172

PYMNTS

SEPTEMBER 15, 2017

Letting a customer know his Comcast bill has spiked, or notifying him that his checking account has gotten low and asking if he would like to transfer funds from a savings account. KAI is also trained to make contextual offers. Did the customer just make a major purchase at Best Buy?

Cards 111

Cards Data Branding Management 111

Gonzobanker

SEPTEMBER 27, 2016

Once transition costs are absorbed, the $9 million of run-rate operating expense is going to be focused on major upgrades to digital banking, a major Web site overhaul, a digital marketing system, a new call center system, and staff adds in digital, analytics and outbound contact center advisors. This stops today.

Retail 60

Retail Strategy Training Compliance 60

CB Insights

AUGUST 23, 2018

Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. Today, JPMorgan (JPM) is using its capital and scale to build an entirely digital bank. JPM leads banks in active digital customers. JPM’s evolving suite of digital banking apps.

Cards 76

Cards Mobile Strategy Branding 76

Gonzobanker

DECEMBER 20, 2019

Sure, we know it’s cliche to point out the merits of this direct banking powerhouse, but the plain fact is that USAA nails every variable in building a Smarter Bank. The bank’s strategy is laser-focused. Its Baldrige-winning tenacity on customer experience is legendary and consistent.

Idaho 148

Idaho Conference Data Marketing 148

The Financial Brand

JULY 5, 2021

As workers begin to return to offices, banking has a rare opportunity to retrain and reskill for a digital future. The post Banking Must Rethink Workforce Alignment for Digital Future appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Banking Trends 43

Banking Trends Analysis Trends Branding 43

ABA Community Banking

OCTOBER 21, 2019

From simplified 10-step online account openings, to value-added robo-advising, to “certified digital bankers,” OceanFirst Bank delivers a new community banking experience. The post How One Community Bank Is Reinventing CX for the Digital Age appeared first on ABA Banking Journal.

Community Bank 49

Community Bank Community Online Customer Experience 49

South State Correspondent

OCTOBER 28, 2022

While no presenter touched on it, it was all digital bankers could talk about. To the many community banks and fintechs that have tried creating a digital bank (or are thinking about this), the strategy is misaligned to its core. The buzzword was helping bankers obtain better “digital dexterity.”.

Conference 195

Conference Technology Las Vegas Trends 195

PYMNTS

FEBRUARY 15, 2019

There is something of a strange dichotomy when one looks at the types of things bank brands are developing, particularly around mobile and digital banking services, and the kinds of things consumers say they want. For the consumer, it is about educating them about their options and helping them change their habits.

ATM 155

ATM Mobile Digital Banking Online 155

The Financial Brand

OCTOBER 27, 2020

Creating a hybrid marketing/IT position could help break data and cultural logjams and improve both personalization and customer engagement. The post Now Hiring: Banks & Credit Unions Need Digital Transformation Architects appeared first on The Financial Brand.

Branding 34

Branding Data Marketing Customer Experience 34

William Mills

SEPTEMBER 9, 2016

Addresses compliance, fraud experience and customer experience analytics. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Working for the past 6 years with many banks to design their online experience. Very nice UI.

social media 40

social media ATM Mobile Customer Experience 40

Gonzobanker

JULY 9, 2018

Here’s the reality: for the past 15 years, bankers have spent little time getting gritty on reinventing the customer experience with new technology, and their core vendor partners have delivered half-hearted and mediocre solutions for customer relationship management and analytics.

Customer Experience 62

Customer Experience Technology Industry Community Bank 62

CB Insights

FEBRUARY 13, 2020

Despite competing efforts from PayPal and others, the customer experience for businesses wanting to accept payments online can still involve difficult onboarding, complex integrations, and challenges around supporting multiple payment options. Issuing serves corporate expense and digital banking use cases, among others.

Online 98

Online Company Retail Payments 98

Celent Banking

DECEMBER 20, 2016

Based on the facts presented the inescapable conclusion I draw from the event is that for most banks in most markets, careful and purposeful coordination of both physical and digital channels will be needed to provide the best experience to clients. It’s a journey, not a destination.

Case Study 100

Case Study Metro Study Capital 100

Gonzobanker

NOVEMBER 18, 2014

With a focus on digital banking and branch transformation, it was interesting to see the attendee list with lots of sexy new customer experience and analytics titles. Worst practice of the sessions: “It’s an interesting time to be a bank and digital banking is part of an entire ecosystem.”

Chicago 97

Chicago Retail Branch Design Training 97

Gonzobanker

MAY 8, 2020

The problem today is that most banks are not applying a true product management discipline to the debit and credit business. Information technology is the third largest expense in a bank behind employee and facility costs. Build transparency around I.T.

Lending 104

Lending Analytics Analysis Capital 104

FICO

JANUARY 9, 2019

In fact, more than half (55%) of bankers plan to increase spending on customer experience initiatives [CSI], and nearly 80% consider it important to deliver guidance to customers in real-time [The Financial Brand]. 3 Deliver Data-Driven, Highly Personalized Customer Experiences.

Analytics 40

Analytics Fraud Training Data 40

PYMNTS

DECEMBER 6, 2018

In some ways, the trend allows banks to compensate for physical branch closures, shifting investments and resources to digital platforms to promote a positive small business customer experience and develop relationships virtually.

Training 161

Training Fintech Lending Customer Experience 161

Gonzobanker

DECEMBER 19, 2022

Chuck Purvis, Coastal Community – Purvis waved the flag of innovation in the credit union industry, helping Coastal become famous for its usage of interactive teller machines (ITMs) and launching the Constellation Digital Banking platform. The Smarter Bank Customer Experience Award. Kevin Bacon “Remain Calm” Award.

Community 216

Community Fintech Industry Innovation 216

PYMNTS

AUGUST 18, 2016

The sentiment is especially relevant among many banks right now, as they attempt to roll out new and more advanced digital and mobile banking systems. Modern technology has trained consumers to expect digital and mobile solutions for everything from getting directions to buying new shoes to be both easy to understand and secure.

Security 100

Security Digital Banking Mobile Innovation 100

CB Insights

JUNE 17, 2020

Customer service: Customer experience goes virtual with conversational AI. Finance: Demand for contactless options accelerates digital adoption. SHIFT TO VIRTUAL TRAINING ACCELERATES $12.6B The company purchased over 30K VR headsets to provide more than 1M employees with virtual training. Online grocery.

Industry 101

Industry Technology Online Video 101

William Mills

SEPTEMBER 7, 2016

Built a workflow for the bank so the bank can approve payment and see all compliance and tax information. Also a pretty good customer experience. Can record the call for regulatory purposes or training purposes. Specializes in digital banking platform. Their application is middleware. Biometrics?

Mobile 40

Mobile Cards Fraud Data 40

Gonzobanker

DECEMBER 19, 2016

However, we’ve gone from spotty Siri performance and playing with Amazon Alexa with our stereo system to Bank of America predicting its chatbot, Erica, will become customers’ new financial advisor. Most Important Tech Challenge of 2017 – The urgent need to meld digital banking with digital marketing.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

However, we’ve gone from spotty Siri performance and playing with Amazon Alexa with our stereo system to Bank of America predicting its chatbot, Erica, will become customers’ new financial advisor. Most Important Tech Challenge of 2017 – The urgent need to meld digital banking with digital marketing.

Utah 60

Utah System Community Marketing 60