Personalizing Banking Services through CRM Technologies

Authors

  • Akihiro Watanabe Indonesia Author

Keywords:

Customer Relationship Management (CRM), Banking Services, Data Analytics, Operational Efficiency, Financial Services, Customer-Centric Model

Abstract

The banking industry has witnessed a paradigm shift towards customer-centric models, driven by the advent of Customer Relationship Management (CRM) technologies. Personalizing banking services through CRM technologies enhances customer satisfaction, loyalty, and profitability by leveraging data analytics to understand and anticipate customer needs. This paper explores the integration of CRM technologies in banking, focusing on how they facilitate personalized services and improve operational efficiency. The study examines various CRM tools, their implementation strategies, and the resultant impact on customer relationships. Additionally, it discusses the challenges faced by banks in adopting CRM systems and provides recommendations for successful integration.

 

References

Peppers, D., & Rogers, M. (2011). Managing Customer Relationships: A Strategic Framework. John Wiley & Sons.

Payne, A., & Frow, P. (2005). A Strategic Framework for Customer Relationship Management. Journal of Marketing, 69(4), 167-176.

Chen, I. J., & Popovich, K. (2003). Understanding Customer Relationship Management (CRM): People, Process, and Technology. Business Process Management Journal, 9(5), 672-688.

Nguyen, T. H., Sherif, J. S., & Newby, M. (2007). Strategies for Successful CRM Implementation. Information Management & Computer Security, 15(2), 102-115.

Ryals, L., & Payne, A. (2001). Customer Relationship Management in Financial Services: Towards Information-Enabled Relationship Marketing. Journal of Strategic Marketing, 9(1), 3-27.

Rigby, D. K., Reichheld, F. F., & Schefter, P. (2002). Avoid the Four Perils of CRM. Harvard Business Review, 80(2), 101-109.

Stone, M., Woodcock, N., & Wilson, M. (1996). Managing the Change from Marketing Planning to Customer Relationship Management. Long Range Planning, 29(5), 675-683.

Swift, R. S. (2001). Accelerating Customer Relationships: Using CRM and Relationship Technologies. Prentice Hall.

Buttle, F. (2009). Customer Relationship Management: Concepts and Technologies. Routledge.

Verhoef, P. C. (2003). Understanding the Effect of Customer Relationship Management Efforts on Customer Retention and Customer Share Development. Journal of Marketing, 67(4), 30-45.

Published

2016-01-29

How to Cite

Personalizing Banking Services through CRM Technologies. (2016). JOURNAL OF RECENT TRENDS IN COMPUTER SCIENCE AND ENGINEERING ( JRTCSE), 4(1), 1-12. https://jrtcse.com/index.php/home/article/view/JRTCSE.2016.1.1