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Jeremy Griffiths

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Jeremy Griffiths

Beware the customer prospect

Loyalty in financial services is not what it once was. Previously, people would remain with the same bank for decades. Now, with the ease of account switching, especially as improvements to the Current Account Switching Service have been announced, customers feel far less committed to their individual bank. Indeed, March 2016 was the record month...

31 January 2017

Jeremy Griffiths

Customer Loyalty in UK Banking: The disengaged customer

Efforts to reform the banking sector and stimulate competition within the market, such as the 7-Day switch guarantee introduced by the Government in 2013, have made it less complex and time consuming for individuals to switch bank accounts in the UK. As a result, the Current Account Switching Service (CASS) reported that switching rates increased ...

11 April 2016

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Beware the customer prospect

Interesting point Ketharaman, for me it’s about observing changes in customers behaviours. A customer that previously interacted with you very frequently and then goes quiet could be at risk, just as a customer who previously never interacted with you and then suddenly begins frequent contact could be in a new shopping mode and may need to be re-won.

“Interesting point Ketharaman, for me it’s about observing changes in customers behaviours. A customer that previously interacted with you very frequently and then goes quiet could be at risk, just as a customer who previously never interacted with you and then suddenly begins frequent contact could be in a new shopping mode and may need to be re-won.”

02 Feb 2017 12:44 Read comment

Jeremy writes about

  • retail banking

Jeremy's opinion archive

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