"Streamlining Multichannel Banking"

Published: 28 March 2001 y., Wednesday
Retail banking firms in the UK looking to ramp up their e-commerce operations will need to organize their financial services around PC-based transactions and account management, according to a study released Monday by Forrester Research. Because of the PC focus, Forrester said other banking access points, including brick-and-mortar branches, will increasingly be relegated to a "supporting role" among overall user services. The study, "Streamlining Multichannel Banking," said that the current crop of Web-centered banking services are not likely to succeed in luring customers to move transactions to the Web because few firms offer basic functionality, such as electronic transfers and online bill payments. Despite these obstacles, Forrester predicts that PC-based banking services will dominate UK retail banking in the coming years, offering customers financial management and advice alongside electronic transactions. To edge out competition, banking firms will need to offer a wide range of standard financial transactions online as well as personalized services tailored for individual customers. A key component identified by the report for multichannel banks to improve their customer service model is the ability to provide automated advice. Although UK financial firms are escalating their efforts to launch services on handheld devices and through interactive digital television (iDTV), the report found these platforms are not able to measure up with the PC Web for online banking. While wireless application protocol (WAP) adds "little value" for banking, the report said, financial institutions would be well-served to explore the core functions of mobile devices, including portability, messaging and telephone services. In addition, the banks should offer simple callbacks by telephone, cultivate loyalty through timely messages and offer location-based information, if they want to make handhelds a viable option for customers.
Šaltinis: ecommercetimes.com
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