Remove Banking Remove Customer Base Remove Customer Relationships Remove Rewards Programs
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Consumer banking: money can’t buy loyalty

Currency Alliance

A 2018 Collinson study reported that 66% of financial services professionals say their bank “does not understand why customers are loyal or have a strategy to strengthen customer relationships”[i]. People are more likely to leave their spouse than their bank[ii], so it might seem that banks have no case to answer.

Banking 40
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How to get more repeat customers with a CRM solution

Method:CRM

CRM is short for customer relationship management software and it’s a tool businesses use to better manage leads and customers. The key to remaining top of mind is to never stop nurturing your customers. Leverage customer data to provide a personalized experience your customers can’t get anywhere else.

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It’s (almost) never 1%: how to price loyalty rewards

Currency Alliance

Such ‘loyalty’ programs today are actually just rewards programs: ‘you do this and I will do that.’ This is normally in the form of static rules which apply a flat 1%+/- reward across the board. But it’s also because the factors that affect a customer’s loyalty are not static, but highly fluid.

Loyalty 40
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Supermarkets: How to Build a Winning Loyalty Program

Currency Alliance

Broadly speaking, most of the chains’ loyalty efforts have been in proprietary, albeit digitalized versions of the original S&H program: collecting in order to redeem for rewards, some digital couponing, and pushing out offers via a mobile app. flybuys points can be earned with many different partner brands: banking (Citi).