finance

The 10 steps to digital customer experience success in banking

Published on: August 14, 2015
Author: Pauline Ashenden - Demand Generation Manager

Twenty years ago, the majority of banking was carried out face-to-face through an extensive branch network and most consumers remained with the same bank for much of their lives.Three factors have dramatically changed this. Firstly, new channels such as the internet have transformed how consumers interact with their banks, while increasing the range of services that they can carry out themsel...

The 4 factors driving customer impatience in financial services

Published on: June 10, 2015
Author: Pauline Ashenden - Demand Generation Manager

Across the financial services industry, providing a tailored, high quality customer experience is becoming vital for success. Whether a retail bank, insurer or provider of investment products such as pensions, organizations have to make the customer journey clear, seamless and easy to understand if they want to win and retain clients.The old model of a customer signing up to a bank for life or aut...

What’s the state of digital customer experience in UK banking?

Published on: May 26, 2015
Author: Pauline Ashenden - Demand Generation Manager

The reputation of banks with consumers has suffered a dramatic fall in recent years. Branch closures, misselling cases such as those around PPI and, of course, the part that banks played in the financial crisis have all contributed to low consumer trust in the sector. At the same time the UK government has made it much easier for consumers to switch providers, attracting new entrants to the m...

Customer Experience and opening a new bank

Published on: September 13, 2013
Author: Epticablog

This week saw the re-emergence of a new name in British banking, with the creation of TSB. Formed from 600 branches of Lloyds Group, it has 5 million customers and promises to focus on local customers and businesses.The divestment of the branches was mandated by the EU as part of the state bailout of Lloyds during the banking crisis. Originally due to be sold to Co-Operative Bank, when that deal f...

HSBC and social customer service

Published on: November 09, 2011
Author: Epticablog

Last week’s IT problems at HSBC demonstrate how quickly a customer service issue can develop in the age of social media. On Friday afternoon the bank suffered an IT outage on its mainframe which affected online banking, ATM and some customers using debit cards in stores. While the problems lasted just over 2 hours, Friday afternoons are amongst the busiest time for banks, with HSBC’s 1...

Banking on customer service

Published on: August 05, 2011
Author: Epticablog

UK banks are currently announcing their financial results for the first six months of the year, and lower profits caused by continued economic uncertainty are seeing further job cuts across the sector.Given this backdrop, it is a good time to look at how banks rate for customer service. The last ten years has seen a move away from branch based banking to people accessing their accounts and buying ...