13 July 2023

Nearly ½ of customers say they are missing the human connection in banking

Written By FinTech Alliance

Nearly ½ of customers say they are missing the human connection in banking

Customers are frustrated by digital services

IN BRIEF:

- The research has been commissioned by experience services business - Foolproof, a Zensar company

- 47% say chatbots are not answering their questions

- 23% believe their banking experience has gotten worse in the last 12 months, across all age groups

What does this mean?

Anup Rege, Chief Business Officer, Integrated Studios at Foolproof said: “As the data shows, customers are rightfully expecting some kind of change in their relationship with their bank. While it’s not realistic to expect a return to bricks and mortar branches, or to see an expansion of call centres given a focus on reducing cost to serve and large investments in offering a better digital experience, it is reasonable for customers to expect a better relationship with their bank. Especially during this time of economic precarity.”

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