{"id":766547,"date":"2023-06-28T05:08:05","date_gmt":"2023-06-28T09:08:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-european-customers-do-not-trust-their-banks\/"},"modified":"2023-06-28T05:08:05","modified_gmt":"2023-06-28T09:08:05","slug":"forrester-european-customers-do-not-trust-their-banks","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-european-customers-do-not-trust-their-banks\/","title":{"rendered":"Forrester: European Customers Do Not Trust Their Banks"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Forrester: European Customers Do Not Trust Their Banks<\/b><\/p>\n<p class=\"bwalignc\"><i>Faced with economic and cost-of-living challenges, customers expect stronger levels of empathy and dependability from their banks<\/i><\/p>\n<p>LONDON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAccording to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.forrester.com&amp;esheet=53435612&amp;newsitemid=20230628177263&amp;lan=en-US&amp;anchor=Forrester%26%238217%3Bs&amp;index=1&amp;md5=73ce001d230f0e0cab1e8ac0a870b22e\">Forrester\u2019s<\/a> (Nasdaq: FORR) <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Freport%2Fintroducing-forresters-financial-services-customer-trust-index%2FRES178285&amp;esheet=53435612&amp;newsitemid=20230628177263&amp;lan=en-US&amp;anchor=Financial+Services+Customer+Trust+Index&amp;index=2&amp;md5=e50473e1650a2296545d25ce95b34737\">Financial Services Customer Trust Index<\/a>, not a single UK, French, or Italian bank demonstrates strong levels of trust with its customers. Furthermore, many customers believe that European banks lack empathy and dependability, the most crucial attributes necessary to securing their trust, especially in a volatile economic environment.<\/p>\n<p>\nForrester surveyed nearly 7,400 online adults across France, Italy, and the UK about their primary bank to measure and benchmark trust. Built upon Forrester\u2019s seven levers of trust, the Financial Services Customer Trust Index offers data and insights to help brands assess customer trust, identify gaps, and prioritise improvements that drive growth. When banks enable greater trust with their customers, they can reap financial, competitive, and reputational benefits, including customers recommending the bank to others, being able to enter new or adjacent markets, and seeing customers be more willing to forgive them for mistakes.<\/p>\n<p><b>Key findings include the following:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>In the UK<\/b><b>,<\/b> empathy is the most important lever of trust for UK banks. Only 48% of customers believe that their primary bank understands their unique needs and feelings, however. In addition, UK customers want accountability. They want their bank to take responsibility for what it says and does, provide satisfactory reasons for its decisions and actions, and be ready to bear the consequences if it doesn\u2019t.\n<\/li>\n<li><b>In France,<\/b> dependability is the most important lever of trust for French banks, but only 57% of French banking customers feel that their primary bank exhibits this trait. Transparency is another critical trust lever in the region; little more than half of French customers believe that their bank is doing business in an open way.\n<\/li>\n<li><b>In Italy,<\/b> trust in Italian banking brands is amongst the weakest in Europe. Like in the UK, empathy is the most important lever of trust for banks, yet only 59% of customers believe that their primary bank both understands their unique needs and feelings or is transparent about the way it does business.\n<\/li>\n<\/ul>\n<p>\n\u201cBanks across Europe have an immediate opportunity to earn their customers\u2019 trust if they make a dedicated effort to understand their customers\u2019 wants and needs while being empathetic to their respective situations,\u201d said Oliwia Berdak, VP and research director at Forrester. \u201cDuring these turbulent economic times, building trust with customers is imperative to banks being able to not just survive but accelerate growth, as well. Forrester\u2019s Financial Services Customer Trust Index is designed to help brands understand the key drivers of customer trust and the specific actions they can take to build and strengthen that trust.\u201d<\/p>\n<p><b>Resources:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nDownload Forrester\u2019s Financial Services Customer Trust Index for banks in the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Freport%2Fthe-uk-financial-services-customer-trust-index-2022-banks%2FRES179220&amp;esheet=53435612&amp;newsitemid=20230628177263&amp;lan=en-US&amp;anchor=UK&amp;index=3&amp;md5=451fc1aa4abca99b81810bf869b55837\">UK<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Freport%2Fthe-france-financial-services-customer-trust-index-2022-banks%2FRES179386&amp;esheet=53435612&amp;newsitemid=20230628177263&amp;lan=en-US&amp;anchor=France&amp;index=4&amp;md5=7440b1f591d63a2d4a70bcdb59915db8\">France<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Freport%2Fthe-italy-financial-services-customer-trust-index-2022-banks%2FRES179460&amp;esheet=53435612&amp;newsitemid=20230628177263&amp;lan=en-US&amp;anchor=Italy&amp;index=5&amp;md5=3760f6b2bd52006ac0a34d03076eb259\">Italy<\/a> (client access required).<\/p>\n<\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Fwhat-it-means%2Fep301-finserv-trust-index%2F%3Futm_source%3Dbusinesswire%26utm_medium%3Dpr%26utm_campaign%3Dfs&amp;esheet=53435612&amp;newsitemid=20230628177263&amp;lan=en-US&amp;anchor=Uncover&amp;index=6&amp;md5=897d968b68e4e263ce727e857675061d\">Uncover<\/a> the drivers and impacts of low trust levels in the financial services industry.\n<\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Fblogs%2Fintroducing-the-european-financial-services-customer-trust-index%2F&amp;esheet=53435612&amp;newsitemid=20230628177263&amp;lan=en-US&amp;anchor=Learn&amp;index=7&amp;md5=bf41d17d703a77ed8e95e392d6a30cef\">Learn<\/a> more about the European Financial Services Customer Trust Index and how banks can measure trust.\n<\/li>\n<\/ul>\n<p><b>About Forrester<\/b><\/p>\n<p>\nForrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We help leaders across technology, customer experience, digital, marketing, sales, and product functions use customer obsession to accelerate growth. Through Forrester\u2019s proprietary research, consulting, and events, leaders from around the globe are empowered to be bold at work \u2014 to navigate change and put their customers at the centre of their leadership, strategy, and operations. Our unique insights are grounded in annual surveys of more than 700,000 consumers, business leaders, and technology leaders worldwide; rigorous and objective research methodologies, including Forrester Wave\u2122 evaluations; 100 million real-time feedback votes; and the shared wisdom of our clients. To learn more, visit Forrester.com.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230628177263r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230628177263\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230628177263\/en\/<\/a><\/span><\/p>\n<p>\nNaomi Thomas<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:nathomas@forrester.com\">nathomas@forrester.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United Kingdom Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230628177263\/en\/1759468\/3\/Forrester_black_RGB_narrow_%285%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Forrester: European Customers Do Not Trust Their Banks Faced with economic and cost-of-living challenges, customers expect stronger levels of empathy and dependability from their banks LONDON&#8211;(BUSINESS WIRE)&#8211; According to Forrester\u2019s (Nasdaq: FORR) Financial Services Customer Trust Index, not a single UK, French, or Italian bank demonstrates strong levels of trust with its customers. Furthermore, many customers believe that European banks lack empathy and dependability, the most crucial attributes necessary to securing their trust, especially in a volatile economic environment. Forrester surveyed nearly 7,400 online adults across France, Italy, and the UK about their primary bank to measure and benchmark trust. Built upon Forrester\u2019s seven levers of trust, the Financial Services Customer Trust Index offers data and insights to help brands &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-european-customers-do-not-trust-their-banks\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forrester: European Customers Do Not Trust Their Banks&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-766547","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forrester: European Customers Do Not Trust Their Banks - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-european-customers-do-not-trust-their-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forrester: European Customers Do Not Trust Their Banks - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Forrester: European Customers Do Not Trust Their Banks Faced with economic and cost-of-living challenges, customers expect stronger levels of empathy and dependability from their banks LONDON&#8211;(BUSINESS WIRE)&#8211; According to Forrester\u2019s (Nasdaq: FORR) Financial Services Customer Trust Index, not a single UK, French, or Italian bank demonstrates strong levels of trust with its customers. Furthermore, many customers believe that European banks lack empathy and dependability, the most crucial attributes necessary to securing their trust, especially in a volatile economic environment. Forrester surveyed nearly 7,400 online adults across France, Italy, and the UK about their primary bank to measure and benchmark trust. 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Furthermore, many customers believe that European banks lack empathy and dependability, the most crucial attributes necessary to securing their trust, especially in a volatile economic environment. Forrester surveyed nearly 7,400 online adults across France, Italy, and the UK about their primary bank to measure and benchmark trust. 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