article thumbnail

How Branches can Help Bridge the Gap Between Traditional and Digital Banking

West Monroe

Today’s consumers are seeking a more personalized and streamlined banking experience than ever before, with generations from baby boomers to Gen Z conducting a balancing act with their finances when it comes to digital and in-person services. consumers are using fintechs today.

Banking 52
article thumbnail

How Branches can Help Bridge the Gap Between Traditional and Digital Banking

West Monroe

Today’s consumers are seeking a more personalized and streamlined banking experience than ever before, with generations from baby boomers to Gen Z conducting a balancing act with their finances when it comes to digital and in-person services. consumers are using fintechs today.

Banking 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2023 Banking Outlook: Mid-Year Update

West Monroe

In our 2023 Outlook: The Future of the Banking Industry , we anticipated murky waters and a rising need for the use of digital solutions to better evaluate profitability, identify key customer touchpoints, and work to prevent deposit outflows and overconcentration. This urgency has only increased.

Banking 52
article thumbnail

Call it what you will: Multi-channel, Omnichannel—It isn’t about the Contact Center!

Avaya

Looking back five years ago, 92% of organizations were already working to integrate multiple interaction channels —call it multi-channel, omnichannel, digital transformation—to deliver more consistent, contextualized experiences. The post Call it what you will: Multi-channel, Omnichannel—It isn’t about the Contact Center!

article thumbnail

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.

Banking 52
article thumbnail

PCI Pal Shares Top Predictions for Payment and Security Trends in 2023

CSM Magazine

Top Payments Trends & Predictions for 2023: Adoption of the latest open banking APIs : more merchants will look to adopt the latest open banking APIs which support variable recurring payments, in addition to one-off payments. This shift could see the decline in direct debits as they gradually lose market share as a payment method.

2023 52
article thumbnail

How to use AI to Improve Customer Experience?

BirdEye

This is especially true for multi-location businesses catering to local customers. Today, customers use four or more channels to interact with brands – texts, emails, social media messages, website chatbots, and booking apps. These include channels like SMS, surveys, reviews, website chatbots, and social media message inboxes.