Delivering Excellent Customer Service, Part 2: Why Digital Engagement Will No Longer Be Optional

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
13 June 2018
Bob Meara

Key research questions

  • Why do small institutions lead in customer service even as they lag in digital?
  • Where are institutions most at risk given changing consumer digital habits?
  • What are the implications for banks?


Small institutions have a measurable customer service advantage over big banks in many areas. They can't afford to rest on their laurels, however. Today’s advantage may be tomorrow’s liability.

Part 1 made the case for the imperative to perfect the branch experience based on current customer preferences. In Part 2, Celent makes the case for the urgency of perfecting the digital experience based on how customer preferences are evolving.

Customer service excellence requires consistently exceeding customer expectations. Too many banks think a slick new digital outfit alone will make the look beautiful. But banks can’t deliver excellent customer service with digital alone. Since beauty is in the eye of the beholder, banks pursuing customer service excellence must execute well when and how their customers choose to interact with them. Celent's research finds that for the overwhelming majority of US adults, this means executing well both digitally and in-person.

This report draws from two consecutive surveys fielded in February 2018 among banked US adults. Sample sizes (2,360 and 2,450) were chosen to ensure statistically representative results across age, income, and location segments of the population.

Subscription required

Access to this content requires a Celent research subscription.

Subscribers should sign in to access this research.

If you are not a subscriber, register now or contact us to find out more about our subscription options.

sign in or sign up to read more

Insight details

Retail Banking
Subscription(s) required to access this Insight:
Banking, >>Retail & Business Banking
Insight Format
Geographic Focus
North America