What Is CX Strategy?
When customers see or engage with your brand, at every touchpoint, what perceptions do they have? What feelings do they come away with? Customer experience (CX) succinctly describes the relationship customers have with your bank, products and services. With powerful CX, customers think positively of your brand and not only become more loyal, but they may also ultimately go on to refer others to your business. A CX strategy, then, is a holistic plan of how you’ll deliver what customers want at every touchpoint. To strengthen the brand-customer relationship, you’ll want to understand:
- Their preferred methods of interaction
- The products and services that could benefit their lives
- Pain points in the current customer journey
- And much more
The banks earning higher revenues today have created digital banking experiences that put their customers’ desires first, whether that’s through online payment experiences, account-related transactions, customer support, open banking or more. What could your bank achieve with a customer-centric approach?