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Digital transformation in financial institutions is an ongoing journey rather than a one-time project. Core system replacements often span years, all while banks must operate without interruption and cannot afford downtime. Could anyone imagine halting banking operations even for an hour – let alone for weeks? In such circumstances, every technological decision becomes a strategic […]
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Customer Journey Map in Banking – Main Points and Examples
Customer journey mapping is the practice of creating a visual representation of the processes, needs, perceptions, and interactions of the customer with your business. It is crucial to improve customer service, build a customer-centric culture, and ensure the best customer experience possible. In this article, we explain how to create such a map. We invite you to read on!
The Value of Conversational AI in Banking
Conversational AI is a powerful tool in banking—sooner or later, all finance organizations will adopt it. This isn’t surprising; such technology offers a lot of value, from making customer service more accessible to supporting omni- and optichannel approaches. In this article, we examine this value, presenting all the pros of conversational AI in digital banking. We invite you to read on.
Is Your Organization Ready for Digital Customer Interaction Solutions (DCIS)?
"The only constant in life is change" – this maxim by Heraclitus of Ephesus perfectly summarizes the essence of continuous improvement and the creation of new processes. Just look at the banking sector in Europe in 2015 and compare it to the current situation: contactless payments, mobile banking, digital banks, and the dynamic growth of fintech. Customer behaviors and communication channels have evolved dramatically, leading us to a new era of personalized and real-time customer service. Are you ready for the next step – Digital Customer Interaction Solutions (DCIS), which allow financial institutions to interact with customers in real-time, across multiple channels, and on a large scale?
Top 5 Factors That Drive AI ROI Success in Financial Institution
Why do AI projects in finance fail to deliver ROI? Despite the billions poured into artificial intelligence, nearly 40% of financial services CIOs admit their AI initiatives failed to achieve positive ROI in the last year. Why is this happening? It’s not about the technology itself—it’s about strategy. Success hinges on aligning AI with business goals, leveraging high-quality data, and focusing on the right use cases.
Digital Customer Service in Insurance: The Challenge of Personalization in the Age of Technology
Can the technologies available on the market not only improve customer service but also support agents in their daily work, enabling them to thrive in the digital age?
What is a proactive approach in banking?
What is a proactive approach in banking? This refers to an organization-wide approach in which you try to understand your customers, identify their needs and future problems as soon as possible, and tackle them early on. The proactive approach gained popularity in finance, as it comes with a plethora of benefits. What are they, and how to become a proactive bank? Find it out in this article!