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As automotive finance portfolios grow, contact centre cost becomes a structural constraint on profitability. Every agreement generates predictable servicing interactions such as settlement quotes, balloon repayment queries and account updates, all of which traditionally require agent time. As volumes increase, so do recruitment costs, training overhead, infrastructure demands and operational complexity. For many regulated lenders,

Gen Z Aren’t Bad At Saving, But… Author: Kevin Phillips Generation Z and following them, Generation Alpha don’t think about money in the same way their parents do. They also have a much wider range of options, coupled with a new set of pressures upon them as they navigate their financial life. Why then should

There once was a time when, if we wanted to open a new current or savings account, the first port of call would be a bank or building society. How times have changed. A bank account with Sainsbury’s supermarket, saving money for your utility bills in an e-wallet by Octopus Energy and depositing money in

Never has it been more important for credit unions to treat members as unique individuals. Credit union member profiles are increasingly diverse and dynamic. Communities today include a wide mix of ages, backgrounds, and financial needs, from students opening their first account, to families saving for a home, to retirees managing fixed incomes. Treating all

Customers are increasingly expecting their credit union or other financial services providers to treat them as unique individuals. Indeed, if a provider risks treating all customers alike using a one-size-fits-all scattergun approach, they are likely to see these members go elsewhere. This could prove to be a costly mistake. After all, it is well known

Customers are increasingly expecting their financial services providers to treat them as unique individuals, offering them services that are matched exactly to their own personal circumstances. Against such a backdrop, embracing data analytics is essential for the future of banking. It enables institutions to stay competitive, enhance customer experiences, and manage risk more effectively in

Open banking is a system where credit unions, together with banks and other financial institutions, allow third-party providers, such as fintech companies to access customers’ financial data. However, there is a very important caveat – it can only be done with the customer’s consent. The idea behind open banking is to increase competition, innovation, and

Retail banking is what most of us will carry out regularly to manage our personal finances. Also known as consumer banking, it is the type of banking that provides financial services directly to individuals and households, rather than businesses or corporations. Core components of retail banking include products such as savings accounts, checking accounts, personal

Appointing a wealth manager is often a big decision for a client. After all, a client is taking a substantial gamble by choosing someone to manage the future direction of their savings or capital. As part of their customer service experience, and their overall reassurance that they have appointed the “right” wealth manager, a client