Customer service quality has become critical in consumer decision-making, especially in the financial sector. Consumers want faster, more convenient, and highly personalised experiences, leaving traditional banks under increasing pressure to keep up with changing customer expectations.

'Banking on Banks 2024: The Customer Experience' reveals how 7,000 consumers across Italy, Germany, France, the UK, Austria, and the USA expect convenience, speed, and personalisation in the services they receive, and in many sectors, it has become a key battleground for attracting and retaining customers.

To succeed in retaining and attracting new customers, financial providers should not only offer products and services suited to changing consumer needs but also deliver them in a timely and personal way.

Key findings include:

  • Consumers in the UK want the quickest turnaround on decisions for financial products and applications compared to their European counterparts, new research finds.
  • Brits are twice as likely to expect a loan application to be processed in minutes – one in seven want this compared to just one in 14 in other European countries.
  • Customers in the UK have similar expectations regarding insurance, with a quarter wanting these to be processed in minutes, compared to just one in eight Europeans.
  • Brits across all age groups are also the least likely in Europe to want to speak directly to staff before making major financial decisions.

Download your free copy to explore how financial services can better balance increasingly diverse customer needs.

Banking on Banks Reports 2024

Banking On Banks 2024 Draft Covers

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