retail banking

I just want to talk to someone

  • Tuesday, 24 November, 2009
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I’ve got a query about an Account I opened with Alliance and Leicester.  I’ve got a letter that provides me with an account number and a phone number, it reads  “…if you have any further question [sp] please contact a member of the team on 0844 5619737“. So I ring the number.

“Please enter your eight digit ID number.  This is on your welcome letter, monthly statements, or internet banking ID.  It is NOT your account number.”

Hmmm. I don’t have any of those things to hand, they are not on the letter.  I’ve got my debit card, but that’s obviously on a different system.  I put the phone down and return to the letter, near the bottom, in bold it gives another number “if you would like us to send you information in the future in larger print…” I ring this number.  It doesn’t work.

So I go to the website and look for a telephone number.  I’m an existing customer.  I select my product and ring the number on the page.

“Please enter your eight digit ID number.  This is on your welcome letter, monthly statements, or internet banking ID.  It is NOT your account number.”

I don’t have that information to hand.  I choose another product.  Same message.  I’m getting frustrated.  There’s a page titled “Other enquiries“.  Lots of words, but no number.  I navigate to the complaints page, it has a number.  Hey! Kill two birds with the same stone, speak to someone in their complaints department, make a complaint about how my time is being wasted trying to find a number and get transferred to the relevant department.

I dial the complaints number, more IVR and the prerecorded message.

“Please enter your eight digit ID number.  This is on your welcome letter, monthly statements, or internet banking ID.  It is NOT your account number.”

Frustration turns to anger.  I find a number for new customers.  I get through the IVR and finally talk to someone.  “I need to transfer you to the relevent department” she says.  OK.  The line goes silent.  And then goes dead.  Lovely.  Stress.  I give up and start the motions of closing the account.

There’s nothing unique about Alliance and Leicester.  I hate to pick on them.  But this seems like a case of a lack of joined up thinking.  When you are designing processes or procedures, don’t just think about them from the business perspective, take a persona and test them with real people in roll plays.  What if someone doesn’t have what you expect them to have?  Customers do not always behave according to the expected happy path.  What are you doing about that?

What would Sally do? Personas for retail financial services

  • Monday, 23 November, 2009
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Personas are ‘pen portraits’ that bring to life users or customers of a system, service or product.  Giving a personality and back story to your customers helps keep your thinking true to their real needs and goals.  Rather than using  ‘user’ or a segment descriptor such as ’empty nester’, or ‘this is what I would do’, what would Sally do?

Here’s a set of personas for financial service organisations, geared towards the retail / B2C market.  Sally is included (Shes skint).

View more presentations from marc mcneill.

Put some fun back into your business

  • Friday, 23 October, 2009
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Litter bins on the street aren’t the most interesting of objects.  The design is pretty standard, with variations on a couple of themes – cylindrical or rectangle and colour being the primary tool of differentiation.

“To throw rubbish in the bin instead of onto the floor shouldn’t really be so hard. Many people still fail to do so. Can we get more people to throw rubbish into the bin, rather than onto the ground”

One answer is to make it more fun.  Check out The FunTheory for other ways of improving mundane products by making them fun.

Now think about that mundane product of yours.  Maybe it is your on-line retail bank.  It is getting tired and it is time for a technology refresh.  You’re going through a process of capturing requirements.  How about playing an innovation game, but base it on the concept of fun.  What could you introduce to your product that would make people smile?  What would make people laugh?  OK, so after a while the bin would no longer be fun.  What makes it fun is the element of surprise.  Again, what could you drop into the product that would surprise people.  What would a ‘fun’ internet bank look like?  Focus on fun and surprise and you might uncover a nugget of inspiration that will make the final product.

Web 2.0, retail banks and a Slide Share presentation

  • Tuesday, 29 April, 2008
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This is nothing new, but there are still people out there to whom Web 2.0 is a bit of a mystery. What exactly is it, and more to the point, should our business care about this stuff? Or, as I have heard senior executives argue, is it just another bubble, a distraction to let others waste their time, effort and money on. In an attempt to challenge this assumption, I’ve used a model with a few sceptical clients to hang some structure on. This is central to the below presentation that I’ve given to a few financial services organisations. It discusses what Web 2.0 is, and towards the end describes what it could mean for their on-line retail bank website. (Thanks to Duncan Cragg and Prashant Gandhi for some insights).

[slideshare id=377944&doc=web20public-1209431680446543-9&w=425]