
Unleashing the power of customer data
As any marketer quickly learns, housing the data is just the first piece of the puzzle.
As any marketer quickly learns, housing the data is just the first piece of the puzzle.
A customer-first approach has the potential to unlock serious growth.
What does coffee have to do with creating a better banking UX?
The CFPB is seeking public feedback “related to relationship banking and how consumers can assert the right to obtain timely responses to requests for information about their accounts from banks and credit unions with more than $10 billion in assets, as well as from their affiliates,” according to a request for information issued today.
The cookies may be pre-packaged in plastic now, but human touch remains essential to community banking.
Rather than simply talking TO your customers with one-way SMS, banks benefit when they open up the conversation to talk WITH them.
In an environment of hiring challenges, cost inflation, supply chain woes and post-pandemic recovery, small business owners are busier than ever. “Sometimes small business owners don’t even have time to spend with their families,” says KeyBank SVP Kristyn Squires. “So when we spend time with them, it needs to be compelling.”
As more of our lives continue to shift to digitally based providers, direct banks are in a position to gain market share and mindshare by delivering around-the-clock access and products with attractive fee structures and interest rates.
“Return on experience” is now a useful measure for banks. The good news is that the tools for making the qualitative quantifiable already exist.
Banks that invest in their branch experiences and in marketing to support them consistently outperform competitors.