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428) The $10,000 Website: Underestimating the Value of Digital in Financial Services
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Many financial brands are underinvesting in their digital sales channels, especially their websites, in 2024. Organizations often view their website as a one-time cost rather than an ongoing investment and fail to recognize its critical role in the customer buying journey. Failing to adapt to the digital shift can lead to being left behind by competitors who prioritize their digital presence.
In this episode of the Practical Perspectives series, James Robert Lay and Audrey Cannata discuss the transformations in consumer behavior and why viewing the website as a critical part of the digital buying journey, financial institutions can align their investments with industry trends and customer expectations.
Join us as we discuss:
-The Growth Mindset: A Case Study (3:48)
-Comparative Analysis: Toys R Us vs. Target (14:43)
-Optimizing Digital Strategies: Secret Shopping Studies (21:49)
You can find this episode and many more by subscribing to Banking on Digital Growth on Apple Podcasts, on Spotify, or here.
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