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Balance efficiency, technology, and strategy to improve consumer lending

West Monroe

While today’s rapidly evolving financial landscape has banks focusing on numerous priorities, consumer lending is experiencing significant shifts that demand immediate attention to manage current expenses and position for future growth.

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Defining the Value of Customer Experience: A Guide for Creating CX ROI in A Constantly Changing World

Experience Investigators by 360Connext

Let’s explore customer experience management (CEM), its pivotal role in shaping customer lifetime value , and strategies for measuring the return on investment of CX initiatives. For instance, referred customers at a German bank were found to be 25% more profitable than those acquired through other channels.

ROI 260
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What You Need to Know About Contact Center AI

InMoment XI

Specifically, the world’s leading brands have begun using contact center AI to create a more efficient and effective customer service experience. By integrating these advanced technologies, these companies aim to streamline customer interaction, automate routine tasks, and optimize their overall operations.

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4 Technology Priorities for Enterprises Preparing for Economic Downturn

Bizagi

In this article, we’ll talk about a few of the ways that technology leaders can prepare for the inevitable economic challenges and possible economic downturn ahead. After all , acquiring a new customer can cost five times more than retaining an existing customer. For unexpected reasons that possibility became a certainty.

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How Mid-Sized Banks Can Compete in the Rapidly-Evolving Payments Industry

West Monroe

So how do banks – particularly mid-sized, regional banks – compete in this market? Our dialogue centered around four key areas banks and merchants must consider when creating a winning payments program strategy: a compelling value proposition, a differentiated customer experience, breadth of customer base, and innovation.

Banking 40
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Business Value and ROI of Customer Experience: The Step-by-step Guide

Lumoa

It is not too difficult to listen to the customer. Companies receive real-time feedback in massive volumes if they only start listening to their customers. Insightful analytics is possible with modern technologies such as Lumoa that have machine-learning-based text analytics.

ROI 103
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Custom Payment Solutions: Your Competitive Edge in a Digital World

CSM Magazine

These days, with life moving so fast and new technology coming out all the time, how we pay for things keeps changing. So creating customized payment solutions tailored to their needs is becoming the key advantage for businesses wanting to stand out from the crowd. Online shops are using customized options to stand out.