What's new for 2014
Differentiating customer experience should become a major plank to drive revenue growth in 2014. This may require fresh approaches through improved processes, better technologies, and deeper customer insights, all of which could benefit immensely from more rigorous customer data management.
By investing in data and analytics across the banking value chain – from customer onboarding to complaint resolution – banks can gain unique new insights about their customers and products. These investments can enable banks to better understand their customer needs, refine customer segmentation approaches, design more compelling value propositions, and identify impactful differentiation strategies, such as service enhancements and other next-best actions. All of these, in turn, will help banks improve their cross selling and drive revenue growth