How to create outstanding financial digital experiences

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Consumers are raising the bar on expectations for financial digital experiences. Here's how companies can keep up. GoogleAds ad

One core aspect of creating best-in-class digital interactions is trust and helpfulness.

When most people think of disruptive financial technologies, they picture payment apps like Venmo or Apple Pay and other tools that make it easier to bank and transact. But while tech companies sometimes appear to corner the market on delivering convenience, many companies can do the same by building digital experiences that meet consumers' expectations for speed, ease, and helpfulness.

"This is a group that evangelizes brands they love and challenges traditional notions of consumers' trust of financial institutions," he added."They place their trust in financial companies that deliver really useful experiences. They're not particularly impressed by a company that boasts tall skyscrapers and stadium sponsorships.

Other banks are offering video-related education content. What's more, AI-generated content can be tailored to a customer's banking habits, going beyond their last transaction to make use of more of their financial data, providing a better banking journey.A core aspect to creating better digital experiences is trust and helpfulness. By helpfulness we mean demonstrating that the organization cares about making the individual's financial life better.

One company that's always looking to up its experience game is Square. When COVID-19 hit, Lauren Weinberg, Square's chief marketing officer,, "we put ourselves in our customers' shoes and we knew that they needed more. We knew that they needed relief, with so many businesses being forced to close, so we took a portion of our marketing investment and redirected to provide refunds and free software to our customers.

 

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