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Decoding China’s Central Bank Digital Currency

Forrester eCommerce

The digital yuan, the central bank digital currency (CBDC) of China, has already been tested in several major cities across the country. With further rollouts in 2021/2022, we expect to see this digital currency significantly impact a variety of B2C and B2B industries across financial services, retail, transportation, and entertainment.

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Customers Don’t Think Bank Experiences Are Improving

Forrester eCommerce

So how well do banks earn loyalty with the quality of their customer experience? We’ve just released Forrester’s US Banking Customer Experience Index for 2019. Customer experience leaders grow revenue faster than CX laggards, drive higher brand preference and loyalty, and can charge more for their products.

Banking 212
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Banks Must Align Strategy And Technology To Succeed With Personalization

Forrester eCommerce

Banks need a customer-led strategy to govern cross-functional personalization efforts and to determine the right technology investments.

Banking 195
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A New Take on ‘Native Retail’: Boutique Hotel Chain Mint House Lets Travelers Shop Their Stay

Retail TouchPoints

“We want to help our guests keep the routines they already have, if they want that, but we also want to offer them a new experience, whether that’s through beauty products or a new way to make their coffee in the morning,” said September Banks, Director of Interior Design at Mint House in an interview with Retail TouchPoints. “

Travel 250
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Amazon Flirts With Banks And Their Customers: Here’s What You Should Do

Forrester eCommerce

Okay, that’s not exactly what’s happening here, but it sure felt like that to many bank executives who heard the […]. Like a football team captain at a junior high dance, Amazon just sauntered up to a big group of people and started dropping hints about its sweet moves on the dance floor.

Banking 335
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High Levels Of Trust Elude US Financial Services Firms Again

Forrester eCommerce

Only US banks managed a measurable improvement in average trust scores, and even that […] Forrester’s Financial Services Customer Trust Index (FS Trust Index) revealed that customer trust in US financial services firms in 2023 was relatively weak and largely unchanged from 2022.

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BNPL Provider Klarna Expands Further into Social Commerce with Two Acquisitions

Retail TouchPoints

Klarna is continuing to build out its solution suite with two new acquisitions, moving beyond the buy now, pay later space with the goal of becoming a “retail bank, payments and shopping service,” according to the company.