It’s easy to assume that borrowers, especially those from younger generations, want an entirely digital experience. But that couldn’t be further from the truth. What customers want is a personalized, streamlined lending experience that is tailored to their unique needs.
A discussion with Connie Theien of The Federal Reserve, Elena Whisler of The Clearing House and Laura Weinflash of Early Warning, moderated by Craig Ramsey of ACI Worldwide.
As the corporate, commercial, and SME banking industry undergoes a fundamental shift, banks must create customer experiences that are unimaginable today.
Regulators have joined the call for banks to change their approach to overdraft. But simply getting rid of the fees is impractical for many banks, according to Leo D'Acierno and Betty Cowell, senior advisors at the strategy and marketing consultancy Simon-Kucher & Partners.