Last month the people from Irish UX consultancy Frontend Design looked at the UX revolution in healthcare and how changes in that sector are moving towards putting the customer at the centre of the service.
The banking sector is experiencing similar upheaval at the moment and facing similar challenges. In this monthâ€™s article, we look at six design problems specific to banks and how these challenges offer opportunities to re-imagine banking as a service.
1. Losing the personal touch
2. Neglecting the Total Customer Journey
3. Departmental silos
4. The compliance barrier
5. Missing the opportunity to leverage â€˜Big Dataâ€™
6. Commodification of products and services
The author concludes: “Itâ€™s [the] customer apathy towards banks that offers the chance to make an impact. An outstanding customer experience that integrates channels can increase customer loyalty and encourage uptake of products and services within the same bank. And itâ€™s self-perpetuating: the more products a customer has with a financial institution the more the bank can understand the customerâ€™s needs and behaviours, providing even greater opportunity to strengthen the relationship.”