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2022 Banking Outlook

West Monroe

It is also assumed that M&A will be a hot topic in 2022 as banks look for new growth opportunities and to increase the speed at which they can invest and scale their technology platforms. Payment and monetary disruption: the rise of crypto in mainstream banking. This outlook will not include an analysis of M&A trends.

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Referral marketing software for the win: Our top 20 picks

BirdEye

This strategy transforms satisfied customers into brand champions who actively refer new business. When customers have a recommendation from a friend, they are 4x more likely to make a purchase. It also offers segmentation tools that provide personalized customer experiences.

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The Biggest Challenge for Companies: Lack of Customer Knowledge

CSM Magazine

Lack of customer insights is the biggest challenge to a successful customer experience strategy for 54% of marketers surveyed. Over half of companies say they are unable to identify customers on their own website. Data-driven customer experience strategies are crucial for success.

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Welcoming Arun Kumar, SVP, Data & Insights

Hero Digital

Arun worked with clients such as Bose, Carnival, Newell Brands, and TD Bank to create multi-channel personalized experiences from customer insights. “We We welcome Arun and his talent to drive Hero Digital’s analytics practice to deliver more customer loyalty and business growth to our clients.

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Insurers Neglecting Customer Service on Digital Channels

CSM Magazine

However, the insurance sector could answer just 46% of all queries asked via the web, email and social media, trailing the other industries (food retailers, fashion retailers, banking and travel) evaluated in the overall study. Accuracy of response improved on every channel except email, which nearly halved since 2017.

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5 Reasons Why Social Media Is Critical for Great Customer Service

Win the Customer

How about being a bit more personal and actually communicating with your customers? Remember when customers were limited to using the telephone if they wanted to contact businesses? These days, there are multiple digital channels for customers to choose from; everything from email, live chat and of course, social media.

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11 best Voice of the Customer tools to listen to your customers effectively

SurveySensum

Customer data is very critical to learn how your customers value your products and services and what they think of your brand in general. . You may find it easy to collect data manually from a hundred customers. But what about collecting data from the customer feedback is in thousands? Multi-language support.