COMBATTING LOSSES COULD MEAN MAKING PROCESSES MORE STRAIGHTFORWARD AT THE POINT OF ONBOARDING

BENEFITS FINANCIAL SERVICES EXECUTIVES BELIEVE THEIR CUSTOMERS WANT

Top 3 ranking

Middle ranking

Bottom ranking

Ease of opening accounts,

applying for loans and using services

59%

33%

8%

Low fees and charges

46%

38%

15%

24/7 digital access to contemporary

and emerging channels

46%

36%

18%

Competitive interest rates

41%

42%

17%

Data security, privacy and fraud protection

30%

52%

18%

Personalised and predictive advice or recommendations

22%

47%

31%

Broad range of products and services

20%

54%

26%

Physical branch accessibility

15%

35%

50%

Financial wellness tools

11%

39%

50%

Embedded banking

10%

27%

63%

Top 3 ranking

Middle ranking

Bottom ranking

Ease of opening accounts, applying for loans and using services

59%

33%

8%

Low fees and charges

46%

38%

15%

24/7 digital access to contemporary and emerging channels

46%

36%

18%

Competitive interest rates

41%

42%

17%

Data security, privacy and fraud protection

30%

52%

18%

Personalised and predictive advice or recommendations

22%

47%

31%

Broad range of products and services

20%

54%

26%

Physical branch accessibility

15%

35%

50%

Financial wellness tools

11%

39%

50%

Embedded banking

10%

27%

63%

Top 3 ranking

Middle ranking

Bottom ranking

Ease of opening accounts, applying

for loans and using services

59%

33%

8%

Low fees and charges

46%

38%

15%

24/7 digital access to contemporary

and emerging channels

46%

36%

18%

Competitive interest rates

41%

42%

17%

Data security, privacy

and fraud protection

30%

52%

18%

Personalised and predictive

advice or recommendations

22%

47%

31%

Broad range of products

and services

20%

54%

26%

15%

35%

50%

Physical branch accessibility

11%

39%

50%

Financial wellness tools

Embedded banking

10%

27%

63%

Top 3 ranking

Middle ranking

Bottom ranking

Ease of opening accounts, applying

for loans and using services

59%

33%

8%

Low fees and charges

46%

38%

15%

24/7 digital access to contemporary

and emerging channels

46%

36%

18%

Competitive interest rates

41%

42%

17%

Data security, privacy

and fraud protection

30%

52%

18%

Personalised and predictive

advice or recommendations

22%

47%

31%

Broad range of products

and services

20%

54%

26%

15%

35%

50%

Physical branch accessibility

11%

39%

50%

Financial wellness tools

Embedded banking

10%

27%

63%

Digital Banking Report, 2022