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Sanat RaoInfosys Technologies Ltd - London

Check Out Your Checkout

11 September 2012  |  1876 views  |  1 comments | recommendations Recommends 0

By topping the 2012 Customer Service Hall of Fame, Amazon made it three in a row. Sadly, a leading global bank too made a record of sorts by retaining the top position in this year’s Hall of Shame rankings, in which four other financial institutions brought up the rear. Here’s a sample of some other horrifying statistics. Between 5 and 15% of bank...

Sanat RaoInfosys Technologies Ltd - London

Banking Technology Goes Consumer

10 April 2012  |  3514 views  |  1 comments | recommendations Recommends 0

Customers don’t buy products, they buy benefits. But for years, technology sales bucked this marketing wisdom, as vendors pitched platform against platform, arguing their case based on functionality and technical prowess to probing CIOs. Not anymore. The crisis marked a turning point, when banks started to monitor all discretionary spending mo...

TagsRetail banking
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Sanat Rao
Sanat RaoInfosys Technologies Ltd - London

Mobile : Banks That Dare: Will their guts come before glory

01 February 2012  |  3834 views  |  0 comments | recommendations Recommends 1

At least one bank is ending 2011 on a high note. In December, Chase swept the honors in two mobile banking awards. Javelin Strategy and Research ranked their solution “Best in Class” above those of 24...

TagsRetail banking
Sanat Rao
Sanat RaoInfosys Technologies Ltd - London

An engaging New Commerce emerges

11 January 2012  |  2828 views  |  0 comments | recommendations Recommends 0

At a seminar that I attended recently, the discussion turned to, what else, but the new consumer and how she has changed. But the consumer has always been an evolving species, so what’s new? In my v...

TagsRetail bankingGroupInnovation in Financial Services
Sanat Rao
Sanat RaoInfosys Technologies Ltd - London

A Device for All Reasons and All Seasons

03 January 2012  |  2661 views  |  1 comments | recommendations Recommends 0

Each time I surf a news site on my iPad, am I advertising my political leanings? Do my mobile transactions reveal my love for gizmos? Did a certain product company actually take my Facebook feedback ...

TagsPayments
Sanat Rao
Sanat RaoInfosys Technologies Ltd - London

Bank CEOs: Your Battle can be Won Online

15 September 2011  |  3039 views  |  0 comments | recommendations Recommends 0

In a report by global PR firm Weber Shandwick says that while CEOs are certainly talking (97% CEOs communicated externally during the period of the study), they’re strangely silent online. Twitter, u...

Sanat Rao
Sanat RaoInfosys Technologies Ltd - London

Beat Complexity With Creativity

06 September 2011  |  2887 views  |  0 comments | recommendations Recommends 0

What do global CEOs reckon is their toughest challenge? Dealing with complexity and breaking away from the traditional “managing change” response. And they surprise further by saying (in a recent glob...

Sanat Rao
Sanat RaoInfosys Technologies Ltd - London

MoreReasons Why Customer Service Should Be Banking Priority1

17 August 2011  |  3453 views  |  2 comments | recommendations Recommends 0

I read somewhere that a bank’s customer taped 297 minutes of being put on hold by their call centre! While this may be an extreme example, there’s no doubt that poor customer service is standard fare...

Sanat Rao
Sanat RaoInfosys Technologies Ltd - London

Make Service and Not Just Services Multi Channel

03 August 2011  |  2637 views  |  1 comments | recommendations Recommends 0

Heard on a service company’s answering machine: "We realize you are still holding. Please do not hang up, as this will further delay your call." The truth is that banks are also the butt of...

Sanat Rao
Sanat RaoInfosys Technologies Ltd - London

The Business Value of Transformation is its Best Argument

12 July 2011  |  2941 views  |  1 comments | recommendations Recommends 0

Over the past few weeks, I’ve followed an animated discussion about the total costs of core transformation on a banking discussion forum. Two interested parties are at work: first, bankers who balk at...

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