November 26, 2018
Delivering a seamless, consistent user experience across banking channels—a.k.a. omnichannel banking—has been a goal for retail banks in recent years. But for many, the result of these initiatives is an experience that is still fractured and uneven for both consumers and bankers.
That’s because investments are compartmentalized and primarily target online and mobile channels (the “digital” part of digital transformation). This leaves significant areas of friction when a customer moves from online or mobile self-service to an assisted channel, like a branch visit or call center interaction.
The problem? The applications and data remain siloed and service breaks down.
Focus first on removing data silos
A well-calibrated omnichannel approach empowers banks to deliver highly targeted advice, products, and services to consumers across self-service and assisted channels—and doing this requires real-time access to the same customer and transactional data across service channels and across the bank.
At FIS, our groundbreaking Digital One platform solves for this by unlocking data across a bank’s many customers, products, and channels and then standardizing processes for accessing, handling, and updating that data. Then focus shifts to building a unified customer experience across all banking channels, including branch, ATM/kiosk and call center, as well as mobile and online.
As bank products and services become more commoditized, human interaction and an improved customer experience are no longer “nice to haves;” they are competitive differentiators.
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