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3 pillars of a people-centric banking experience: why digitalization is key

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N ow i s t h e t i m e fo r b u i l d i n g s o c i e t i e s a n d b a n k s t o re - c o n n e c t w i t h t h e i r m e m b e r s / c u s t o m e r s – a n d i t ' s a t t h e h e a r t o f c o r p o r a t e s t r a t e g i e s fo r h i g h s t re e t n a m e s s u c h a s L l o y d s a n d N a t i o n w i d e . B u t h o w c a n b u i l d i n g s o c i e t i e s a n d b a n k s b e t t e r s u p p o r t t h e i r c u s t o m e r s a n d c r e a t e m o r e m e a n i n g f u l c o n n e c t i o n s w i t h t h e m , t h e i r e m p l oye e s , a n d t h e i r p a r t n e r s ? P e o p l e - c e n t r i c b a n k i n g m a y b e t h e a n s we r. Ta k i n g t h e i d e a o f 'c u s t o m e r e x p e r i e n c e ' to th e n e x t l e v e l , a p e o p l e - c e n tr i c b a n k s u p p o r ts , i n s p i r e s , a n d g r o w s a c o m m u n i ty th r o u g h s tr o n g ti e s - a n d s ta n d s f o r tr u s t, c o n n e c ti o n a n d i n c l u s i o n . I t s h o w s a g e n u i n e l y p e o p l e - c e n te r e d a p p r o a c h to b a n k i n g - b e i n g th e r e f o r p e o p l e w h e n th e y n e e d h e l p , a n d f o c u s i n g o n s u p p o r ti n g th e c u s to m e r m o v i n g f o r w a r d th r o u g h a c o n n e c te d f i n a n c i a l c o m m u n i ty . In this whitepaper, we e x a m i n e th e th r e e c o r e p i l l a r s o f a pe o p l e - c e n tr i c b a n k i n g e x p e r i e n c e : 1 . D i g i t a l t r a n s fo r m a t i o n 2 . H u m a n i z i n g t h e d i g i t a l ex p e r i e n c e 3 . D e l i ve r i n g a n o m n i c h a n n e l ex p e r i e n c e I N T R O D U C T I O N W H I T E P A P E R More than 1/3 of adults in the UK say they do not feel confident about managing money, and around 1/5 rarely or never save* * Source: https://www.fincap.org.uk/en/articles/key-statistics-on-uk-financial-capability

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