COVID-19 challenges in consumer banking

by | Jun 8, 2020 | Blog

a woman holding a phone and a cup

Consumer uncertainty rose as the markets plummeted, and fear of the future kept everyone in an ongoing holding pattern.

The banking industry is still feeling these effects, which has given rise to questions about future best practices, specifically how to deliver exceptional customer service experiences and accommodate changing consumer preferences.

ath Power Consulting endeavored to find out by surveying more than 2,000 banking customers nationwide to isolate how they have been impacted and, perhaps most critically, how they intend to bank in the future.

Learn more about new challenges in consumer banking.

Recent Blogs

Why Engagement Matters More Than Ever in Higher Education

Why Engagement Matters More Than Ever in Higher Education

Higher education is undergoing sustained and significant change. Enrollment pressures, evolving student expectations, constrained resources, and rapid technological advancement have fundamentally reshaped how colleges and universities operate. Yet amid this...

Customer Satisfaction Surveys for Banks: A Complete Guide

Customer Satisfaction Surveys for Banks: A Complete Guide

In banking, trust is everything. Customers trust banks with their money, their data, and some of life’s most important decisions. But trust isn’t built by products alone — it’s built through consistent, positive experiences. Customer satisfaction surveys help banks...

Why Post-Transaction Surveys for Banks Boost Customer Loyalty

Why Post-Transaction Surveys for Banks Boost Customer Loyalty

In banking, loyalty isn’t built through products alone — it’s built through experiences. Every interaction matters: a teller visit, a loan application, a mobile banking login, or a call to customer support. When those moments go well, trust grows. When they don’t,...

Top 10 Post-Transaction Survey Questions for Banks in 2025

Top 10 Post-Transaction Survey Questions for Banks in 2025

Customer expectations in banking are evolving fast. Digital-first experiences, instant service, and personalized support are no longer “nice to have” — they’re expected. In 2025, banks that win customer loyalty will be the ones that listen in real time, learn quickly,...