In one recent report, over 50% of companies surveyed stated that organizational silos, including slow processes and a lack of willingness to change, are the top challenges to the customer experience.
While the customer journey and experience has always been top of mind, the ways banks can interact with customers and find more touchpoints along the journey that can create a better experience have gone up expontentially as a result of new technologies and a shift in customer expectations to more digital and self-service options. Many providers need to focus on infrastructure upgrades to support these demands.