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Expectations & Experiences: Channels and New Entrants

Expectations & Experiences: Channels and New Entrants

Source: Fiserv, Inc.

highlights the information financial institutions need to know about where and how to deliver financial services. The results can inform efforts aimed at increasing consumer satisfaction and loyalty. Key findings include:

  • Transaction type is a key driver of channel preference. Rather than preferring mobile or online or branch access, consumers are likely to use all options available to them
  • Relationships matter. When consumers consider products such as money market accounts and home equity lines of credit, prior financial institution relationships and company reputation come into play
  • Mobile is a way of life. While some mobile technologies like digital wallets are in the early adoption stage, the potential is clear

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