I don’t know about you, but I love online banking. I pay bills online, of course, but I’ve also opened accounts online; set up, changed, and cancelled recurring payments; researched account and mortgage options. The works. And in most cases it’s a better experience than the ones I’ve had in the branch. Not because the people aren’t friendly or helpful. It just significantly easier, more convenient, and less time consuming to self-serve.
That said, I, like many other banking customers, like integrated multichannel options. But, according to “Service Done Right: Why Great Online Customer Service Matters More than Ever,” a recent study conducted by IBM and Kana Software, a majority of the 72 financial services firms studied “fell into the lowest quadrant for lack of both the necessary online access channels or for having a channel that was ineffective.”
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