Digital transformation has enabled offering better customer service at a lower cost. Channels with high labor intensity like contact centers have become primary targets for cost cutting. Is that universally smart?
While the industry strives for simplicity in what touches the customer, the role of the front-line banker remains complex. Training alone is not sufficient to manage this complexity and extract maximum shareholder value. There now is a solution with ROIs that are truly staggering.
In 2008 we saw many banks that heretofore appeared to be investor darlings, implode in a tsunami of defaults and skyrocketing LLPs that wiped out profitability. Why? Deposit weakness. Our analytics proved that banks that scored low on our Deposit Strength Index (DSI) were more likely to fail in the previous cycle.
We regularly publish white papers, research results, and analytics on various topics related to financial services.
