1.
Clive Woodger
February 2014
Retail Banking Challenges
Creating a first choice customer experience
Hi-Tech 3 High Touch ?

2.
1. Retail banking challenges - Creating first choice customer experience
The title image, HI-Tech with High Touch questions whether new technologies which have so
significantly transformed banks take into account the importance of human interaction in
achieving a positive brand perception.
2. Presentation Agenda
The topics to be covered are outlined starting with review of changing customer needs and aspirations.
Latest trends in retail and in retail banks concepts are considered. The last section takes a look at the
motivation and engagement of staff – High-Tech with High-Touch!
3. SCG London- Who we are
Some images of our work in retail, corporate, financial and real estate sectors.
4. SCG London – What we do
Some images of our work covering brand identity and communications, brand architecture and
environments across various sectors.
5. SCG London – Who we work for
The range of our projects and clients from multinational to local specialists.
6. Creating a first choice customer experience
The three touch point mediums ie. the physical branch interactions, the human contact opportunities
and the digital technologies and process all potentially cross over and ideally create a positive synergy of
experiences. The challenge is how these touch-points achieve a consistency of message, personality and
performance. Ultimately an effective brand strategy must address these interactions to differentiate as a
bank brand and be measured by the criteria as listed.
7. Understanding customers - Changing customer needs and aspirations
The images of the audience is a reminder that every bank has users who are watching and judging your
image and performance. Are you really custotmer centric?
8. Different customer generations – Changing perceptions and priorities
From generation Z who have never experienced the pre-internet world to Baby Boomers. The key
generation, Millenials, are starting to set the agenda for retailers and banks.
9. Key influence generation
The Millenials values, expectations and aspirations are defined. The statistic from Deloitte noting that
by 2015 they will represent 75% of the workforce and influence 74% of buying decisions needs to be
addressed by retailers and banks.
10. The Millenial takeover
More statistics on Millenials. The interesting feature is the worldwide similarity of this generation
due to globalization and social media.
11. Appealing to Millenials Mindset
Some attributes and added values that banks, for example, as a service brand need to address
and provide.
12. New way of connecting
A reminder that new social media channels provide opportunities for brand advocacy but also the
potential demolition of hard earned reputation.
13. Breaking the rules.
Diesel reboot campaign reflects the power of new communities of interest and the tribal sharing
of experiences.
14. Banking for Millenials
Frank is an example of how to appeal to tech savvy `millenials’, a clever name, a brand that is more of a
fun shop and advertising that exploits the name proposition.

3.
15. Women
While it is accepted that banks should appeal directly to half the world’s population, the other half still
seem to dominate the way banks are organized and run.
16 - 17. Retail Trends and predictions
Some classic headlines on retail issues
18. New brand concepts
As designers of latest retail and banks we are highly aware of new global developments. Many banks are
desperately trying not to be seen as traditional banks, and these words and images perhaps show a sector
that clearly is not sure how best to provide a first choice customer experience. It begs the question what
do customers really want from their banks and the changing function of branches.
19. Retail trends…Branch concepts
Unlike retailers, banks as service brands without tangible products have had to embrace new technologies
and direct human interactions opportunities more readily. So while latest retail trends are clearly relevant
for banks in showing and understanding of changing consumer demands from retail outlets, banks can
equally teach some retailers how to integrate technology more effectively in the retail store environment.
20. Digital convergence – a seamless experience?
A re-emphasis on the need to provide a synergy across all potential touch points.
21. Multi Channel Integration – the Apple experience
While Apple is always trotted out as an innovative brand there is no doubt they created a role model for
many retailers in changing the concept of store organisation and design.
22. Multi Channel Integration – Citi Bank
This Citi bank is a typical example of ‘smart’ banking.
23. Multi Channel Integration - FNB South Africa
But is this going too far? Hardly a human in sight, a cold sterile hospital environment?
24. Multi Channel Integration – Traditional retailers
Only now discovering the potential of tablets in terms of enhancing efficiency, informing and inspiring
customers.
25. Multi Channel Integration – Traditional retailers
Some examples in different sectors, demonstrating the use of screen technology to advise, engage and
trigger sales.
26. Multi Channel Integration – Argos catalogue retailer
This traditional UK catalogue showroom retailer has completely changed its customer experience,
converting its city units in highly efficient but pleasant product pick up points.
27. Self Service Innovation – empowering retail customers
These four examples show some latest retail innovation concepts. A jeans fashion shop based on a
customer app that delivers the right size and style to a dressing room, a smart shopping trolley, 360
degree product scanning in an ASDA Walmart store and a Korean TESCO store with no product but
‘virtual’ merchandising.
28. Self Service Innovation – Empowering banking customers
These American examples of ATM’s incorporating real person interaction technology provide the
immediacy of personal service with the efficiency and the convenience allowed by technology.
29. Self Service Innovation – Empowering customers and staff
While this Australian National Bank example is not the most attractive in terms of interior
environment, it is a good example of empowering staff with training, Ipads and app technology
to enhance customer service.
30. The value of Values – ethical retailers
Balancing quality, price, experience and matching ethical values is an increasingly significant factor in
differentiation. This is an interesting ethics based concept which also works commercially.

4.
31. The value of Values – Ethical retailers
H&M’s ‘Conscious Collection’ shows how fast fashion has recognised the need to respond to the
concerns of customers, wanting to feel good about their choices.
32. The value of Values – Ethical Start-Ups
Zady’s production transparency certificate and use of social media is a response to consumer needs to
justify their purchase decisions.
33. The value of Values – Ethical retailing/ Banking
The Coop in the UK is a classic example of using ethical values to differentiate their offer. The only
problem is that they then need to ensure they ‘walk the talk’ and recent exposures on their banking
incompetence and poor management has affected their reputation and brand equity.
34. The value of Values – Ethical Banking
This Canadian example, Vancity, takes its ethical messages and profile as a basis for creating a distinctive
branding and communication style.
35. Emotional Values
Creating an effective emotional connection with your target audiences is the basis for successful
branding. McDonalds knows this very well as a successful global brand. Their recent advertising in
different countries cleverly relates to the every day needs and issues of their varied customer profiles
and mindsets.
36. Emotional Values – the messages is in the name
‘Friend’ – The name, message and imagery says it all for this bank.
37. Emotional Values – Reflecting local culture
Reflecting your local market values, sensitivities and culture can be an effective differentiation strategy in
contrast to global banks with a more impersonal corporate image.
38. Emotional Values – Regaining heritage
The Lloyd’s rebrand in the UK emphasises the heritage and the latest advertising is based on traditional
life events and needs. Whether this really addresses the basic mistrust of banks in the UK is questionable.
39. Flash/Pop-Up retail – Generating buzz
The trend for digital retailers to want to get physical using pop-up stores is in parallel with traditional
retailers wanting to create temporary outlets in unusual venues to create awareness, etc.
Virtual pop-up stores where a location is communicated and people converge to share a virtual
experience on their mobiles and tablets is another example of creating shared brand experiences.
40. Pop-up banking – Extending reach
These examples of Pop-up banks show the potential for going where people are in shopping centres and
temporary locations.
41. Lifestyle stores – Digital backlash
Some retailers in showrooms are reacting against high-tech digital environments and offers. This Italian
example deliberately creates an interesting tactile experience and sense of place.
42. Lifestyle Banks –Digital backlash - People’s choice
This Australian bank deliberately encourages people interactions with less screens and a relaxed
bright atmosphere.
43. Lifestyle Banks –Digital backlash - Virgin
Virgin are investing in comfortable lounges and emphasising more soulful communication message.
44. Lifestyle Banks –Digital backlash – Jyske Bank
The Danish bank positively encourages customers to relax, take time out and treat the branch as a
social destination.

5.
45. Lifestyle Banks – Café banking
More examples of banks trying not to be banks…
46. Green retail
Bringing plants and garden features into retail stores a common trend to encourage browsing
and dwell times.
47. Green Banks
Some banks are similarly ‘greening’ their branches to bring natural materials and organic features
to create more relaxing and pleasant destinations.
48. Brand Experience stores
Nike has been creating ‘worlds’ for some time to complement their internet retailing. The comment
that it is not a store but ‘ an ad with walls’ is interesting but they clearly work and can be justified as PR
investments rather than direct selling machines. Many regard bank branches as expensive billboards…
49. Brand experience stores
A Levis world is similarly all about brand immersion not about selling product.
50. Brand experience banking – Metro Bank
Creating a different brand experience was a fundamental aim of Metro Bank in the UK. As a new entrant
in an established banking market, it has deliberately set itself apart from other banks by adopting a very
‘retail store’ feel and approach, in terms of fast customer service and direct messages and promises.
51. Hi-Tech with Hi-Touch
These examples combine the best latest technology with a positive human touch. So how do you
differentiate with your people?
52. Hi-Touch – Do your people make the difference?
These images of positive happy smiling people in the retail and banking sector show ideal scenarios…
How real is this?
53. High-Touch objectives
These messages recently put out by Barclays seem to imply that the Bank has only just realised that they
need to meet the values and actions that any good contemporary organisation should reflect and achieve.
It is an admission that they have not achieved this ‘best practice’ in the past and now have to make this a
‘transformation’ strategy.
Interestingly, a few years ago their advertising strapline was about being the biggest… how times
have changed!
54. A conflict of values
So much for a joined up PR initiative! Having announced their new values Barclays then admit then axing
12000 jobs and paying top executives higher bonuses.
55 - 56. HSBC
Our work with HSBC to create a global approach to creating work places, which would engage and
motivate staff and management, is an interesting example of a bank addressing the need to invest in their
human capital. We worked with the Bank to create environment that would reflect their special internal
values and appeal to the varied mindsets and cultures, represented by their 750 offices in 87 countries.
57. Creating a first choice customer experience
The presentation started with this slide reflecting on the need for creating an effective brand synergy of
message, experience and behaviour across the Human, Branch, and Digital interactions of banking.
58. High-Tech with enhanced High-Touch
The message of this slide should therefore be clear. Never forget humans want to relate to humans but
with the convenience and efficiencies of High – Tech.
This is the challenge in creating a first choice customer experience - the fundamental requirement for a
successful branding strategy.

6.
Presentation Agenda
• SCG London Overview
• Customers - Generations/ Millenials/ Mindsets
• Retail Trends/ New Branch Concepts
• Multi Channel Integration
• Self Service Innovation
• The Value of Values - Ethical/ Emotional
• Pop Ups
• Digital Backlash
• Brand Experience
• Hi-Tech/High Touch

7.
SCG London: Who We Are...
• International strategic branding
and design consultancy
• We work in the retail, financial,
real estate and corporate sectors

8.
SCG London: What We Do...

9.
SCG London: Who We Work For...
Example 1: The latin logotype in horizontal format reversed white-out of background colour
Example 2: The latin logotype in horizontal format within the exclusion area (freespace)
Yeni GLOBEX BANK logosu
Eski GLOBEX BANK logosu

10.
Human
Call Centre
ATM
Counter
Interview
Website
App
Phone
VIP Club
Social.. pit stop
Face to Face
Video Phone
DigitalBranch
Creating A First Choice Customer Experience
Differentiation
Personal
Service
Convenience
Efficiency
Value
Pleasure?
Optimum customer engagement across all brand touchpoints: human, physical and digital
...consistent...coordinated...satisfying...
Brand synergy

11.
Understanding Customers...
...changing customer needs & aspirations
Customer centricity?

12.
Different Customer Generations...
...Changing Perceptions & Priorities
Millenials/GenY
1980 - 2000
Early teens - Early-30s
Demanding, internet
savvy, instant gratification.
The ipad generation
Gen X
1965-79
Early-30s to mid-40s
The ‘focused, keep your
heads down generation’
Gen Z
2000 - present
Children
The first generation never to
have experienced the pre-
internet world
Baby Boomers
Pre 1965
Late-40’s+
Regarded in the West
as the ‘have it all’ post
war generation

13.
• Tech-savvy
• Grasp new concepts quickly
• Enjoy change
• Like personalisation & customisation
• Seek stimulation, get bored easily
• Social, connected, consultative
• Caring, motivated by their mission
• Want to make the world a better place
• Major influence on baby boomers
“By 2015 Millenials will be 75% of workforce
and will influence 74% of buying decisions”
- Deloitte
Key Influence Generation

14.
Source: Hanson Dodge Creative
“Thanks to globalization,
social media, the
exporting of Western
culture and the speed
of change, Millennials
worldwide are more
similar to one another
than to older generations
within their nations.”
Time Magazine
The
Millennial
TAKEOVER

15.
Loyal
Reward me quickly & make it easy
Make it enjoyable
I love a game; guerilla & viral messages are more fun
Know Me
I’ll let you in, but use my info to send me relevant stuff
Check it out
Shopping is a mission & I rely on online referrals,
price comparison & reviews
Recessionistas
Anxious about money but I aspire to be responsible with it
Values
Success should be measured by more than profit
Appealing To The Millennials’ Mindset

16.
New channels enhancing opportunities for brand advocacy
New Ways Of Connecting

17.
Breaking The Rules
Dieselreboot campaign - bringing the brand to
a new generation. Features “the new heroes of
today’s generation of digital influencers and
creators”. Tumblr community and meetups.

18.
FRANK (Singapore) “A brand new way to bank”.
Aimed at young tech savvy ‘Millenials Has captured over 26% of Singapore’s youth market.
Banking For Millenials

19.
• Women buy 65% of cars and make 81% of
financial decisions
• We’ve already got women only floors
in hotels, women only nightclubs,
women only gyms and women only
department stores.
• How long before we see women
only garages and women only banks?
Women
“Women are the biggest market on earth
but in financial services they are often
ignored - because most of the world is
run by men.”

20.
Retail Trends & Predictions...
organizations streamlining their brick-and-mortar presence
less is more
ETHICAL CONCEPTS
retail entertainment

21.
More Retail Trends & Predictions...
more self service

22.
New Branch Concepts
lounges... hubs... mini branches... financial spas... cafes... chill out zones... community centres... play
areas... supermodern... high fashion... retro... traditional... relaxing... stimulating... styled like shops...
homes... conservatories... airports... nightclubs... libraries... boutiques...

23.
Retail
Trends
Branch
Concepts
Banks learning from retail?
Retail learning from banks?

24.
Digital Convergence - A Seamless Experience?
• Retailers are reinventing themselves in response to the impact of the internet
• Customers expect integration and are impatient for it to become reality
“App-wielding customers make
twice the shopping trips per
month and spend 40% more than
non-app users.” - Walmart
“From inspiration to purchase, technology plays an
integral role in creating the consumer experience.“

25.
• Pioneered removal of EPOS terminals and introduction of handheld
systems for staff to process transactions
• An entirely different store look and feel
Multi Channel Integration - The Apple Experience
“Technology is
better if I feel that
I’m working less. If
I’m not having to
think or do things
or work, it’s a
better product.”
Apple co-founder Steve
Wozniak

26.
• Interactive media wall and work benches
• Touchscreen planning table
• Digital swipe service browser
• Assisted service at “360 Station
• Live video conferencing with a remote specialist
CitiBank smart banking concept
Multi Channel Integration - The Apple Experience

27.
Multi Channel Integration - The Apple Experience
• Sophisticated augmented reality app
• White walls, exposed ceiling, hard surfaces
• High tech toys in a spartan environment?
FNB - South Africa

28.
“In 2014, more retailers will give customers the ability to
interact and complete transactions on their own terms”
• Act as a flexible transactional POS system
• Help reduce queues
• Make the payment process mobile, faster, simpler,
more engaging
• Improve customer information eg locate and order out of
stock merchandise, check loyalty points
• Interactive marketing, displaying images and video content
on ranges, products and special offers
• Customers can use wi-fi to access the internet on their
smartphones/tablets
Only now launching instore tablets
Multi Channel Integration - Traditional Retailers

29.
Multi Channel Integration - Traditional Retailers
“53% of Millennials say their favourite retailers
offer an omnichannel experience” - Survey Monkey
“Technology enables shoppers to
explore the breadth of what the store
brand has to offer”

30.
• 60 second Fast Track collection service for online or mobile purchases
• Digital display screens replace static sales literature and paper posters
• In-store iPads with expanded shopping apps - product videos and reviews
• Free WiFi in stores
“We are seeking to reposition our stores to
support a digital future - in which digital
channels are the primary interface for
customers, but stores continue to be
critically important as a national
network for product collection.”
Argos catalogue retailer
Multi Channel Integration - Traditional Retailers

31.
High Fashion Automation
Self Service Innovation - Empowering Retail Customers
Smart interactive shopping trolleys
360˚ product scanning Tesco Korea Virtual Stores
“Innovation is being
driven by consumers’
desire for speed,
information and
convenience.”
“Many of the
most important
technological ideas
- from retail apps to
contactless payment
- have come from a
need to smooth the
shopping process.”

32.
Self Service Innovation - Empowering Banking Customers
Personal Teller ATM’s with ‘uGenius Technology’ enable customers to interact with a real person
via 2-way video. Personal service with tech efficiency.
Coastal Credit Union (USA) SECU (USA) Dollar Bank (USA)
First Ontario (Canada) Mid Hudson Valy (USA)Bank of America (USA)

33.
Self Service Innovation... Empowering Customers And Staff
• 25% smaller than traditional branches focused on serviced self-service
• All staff equipped with iPads with NAB ‘Come Help Me’ interactive apps
• Large touchscreen - staff encouraged to engage in customer conversations
• bar with iPad and smartphones to demonstrate internet banking
• High level of staff training
National Australia bank - smart store interactive format

34.
The Value Of Values - Ethical Retailers
“Shoppers are
becoming increasingly
savvy and better than
ever at finding value.
This doesn’t always
mean the lowest price
possible; customers
increasingly expect
the right choices in
product quality, and
the right values in
terms of provenance
and ethics.”

35.
Conscious Collection launched 2011.
Made from environmentally friendly and recycled materials
The Value Of Values - Ethical Retailers
Lanvin for H&M fabric run-offs sold as
H&M‘s new Waste collection
Discount incentives for recycled clothing
Brands are repackaging & repositioning themselves

36.
The Value Of Values - Ethical Start Ups
“For every purchase made on Zady, an
artisan launching a micro-business in the
developing world will be provided with
the crucial funds they need to grow their
business and revive their traditions.”

37.
The Value Of Values - Ethical Retailing/Banking
The Co-op, UK
“Co-op Bank
scrambles to convince
customers its ethical
stance will survive”
- The Guardian
Responsible finance
Supporting co-operatives
Responsible retailing
Inspiring young people
Tackling global poverty
Protecting the environment
Democratic control
Keeping communities thriving

38.
The Value Of Values - Ethical Banking
“Our vision is to redefine wealth in a way that furthers the financial, social and
environmental well-being of our members and their communities.”
Vancity, Vancouver

39.
Emotional Values
McDonalds - Series of emotionally charged advertising campaigns
“We all have McDonald’s in common” - storytelling about difficult relationships
“McDonalds is for everyone”, “Just Passing By” - narrative poems about people’s lives

40.
Emotional Values - The Message Is In The Name
Friend - One of Alabama’s oldest community banks. “True to you”.

41.
Emotional Values - Reflecting Local Culture
Trailhead, USA
Rebranding reflects rugged Oregan values
“Individual expression, casual confidence and commonsense wisdom”.

42.
Emotional Values - Regaining Heritage
• 250-year-old bank relaunched as result of TSB sale - return to original name
• Emphasis on heritage symbol and colour with contemporary look
Lloyds bank

43.
Flash/Pop-Up Retail - Generating Buzz
• People are getting bored with same brands in same places
• Pop up retail is exciting, innovative and interactive
• Test product, build brand awareness, target new audiences
• Tap into ‘massclusivity’
Benetton, New York pop up store looks like Pinterest with Twitter style narratives
“Online retailers will
increasingly look to
to establish a physical
presence, often through
pop-ups”

44.
PNC, USA
Pavement Pop-Up
Pop-Up Banking - Extending Reach
• Extend High Street networks
• Reach new customers outside usual branch environment
Barclays, UK
Shopping Centre Pop-Up

45.
Lifestyle Stores - Digital Backlash
• Ways to differentiate shopping experience
• What’s old is new, tactile, content rich, lifestyle feel
• Browsing, inspiration, entertainment
• Encouraging customers to dwell
• A refocus on the high street
“Less about a need, more about fulfilling passion - about the joy and serendipity that often
comes from physically shopping in stores.”
Nonstante Masrras, Milan

46.
Lifestyle Banks - Digital Backlash
• Bright, fresh colours
• Emphasis on relationships and face to face conversations
Peoples Choice, Australia

47.
Lifestyle Banks - Digital Backlash
• “Soulful” campaign with retro style illustrations.
• TV/ Piano lounge - like a hotel
Virgin Money, UK

48.
“Most radically, we really want to leave people
alone in branches. Instead of an emphasis on
selling, the approach is all about
letting customers relax.”
Lifestyle Banks - Digital Backlash
Jyske Bank, Denmark
“Open comfortable space plus a
visual experience with multiple
plasma screens”

49.
Lifestyle Banks - Café Banking
Expresso bars, sofas, newspapers, chalkboards, chandeliers…
Westpac (New Zealand) State Farm (USA) ING (Europe)

50.
‘Green’ Retail
Hermes, Tokyo
Sophisticated interior plant features
Cotton, Adelaide
Urban garden

51.
‘Green’ Banks
“A green house concept, a place where plants grow and are nurtured.”
Skandia Bank, Sweden

52.
Brand Experience Stores
“Don’t call it a store, call it an ad with walls” - NY Times
Celebrating the passion for sport
Nike

53.
Brand Experience Stores
“Customers now demand more from physical
stores: more excitement, outstanding service
and a more personalised experience.”
Customers are taken on a journey through the
origins of denim and the brand’s evolution
Levis

54.
Brand Experience Banking
• New entrant ‘Fast food’ style banking
• Challenging existing banks, gaining new customers but £100m loss in 3 years
• Owner runs Burger King franchise in USA
Metro Bank, UK

55.
Hi-Tech With High Touch
Commonwealth Bank (Australia)
Docked iPods & iPads for exploring
mobile banking. Touchscreen terminals
with product information. Branch staff
have Macbook laptops
Bank Audi (Lebanon) -
‘Novo’ Kiosks
‘Virtual’ smart kiosks in shopping
centre locations
Mountain America Credit (USA)
Has put ‘technology champions’ in every
ranch to help customers migrate to online
and mobile banking

56.
High Touch - Do Your People Make The Difference?

57.
We are ‘Go-To’ for our
customers and clients
Our colleagues are
fully engaged
We positively impact the
communities in which
we operate.
We act with integrity
in everything we do
We create sustainable
returns above the
cost of equity
“The bank has outlined how it aims
to achieve the “right culture” across
the business, stating a series of aims
against the “5Cs”, denoting customer
and client, colleague, citizenship,
conduct and company.”
High Touch Objectives...

58.
A Conflict Of Values?

59.
HSBC
· Branded office workplaces
· To engage... to motivate...
· 750 offices in 87 countries
· Strategic global graphics concept
to reflect values and attributes:
open, dependable, connected
· A unified look and feel adapted to
suit market and cultural mindsets
· For head and general offices, data
centres, call centres
New values – new environment

60.
HSBC

61.
Human
Call Centre
ATM
Counter
Interview
Website
App
Phone
VIP Club
Social.. pit stop
Face to Face
Video Phone
DigitalBranch
Creating A First Choice Customer Experience
Differentiation
Personal
Service
Convenience
Efficiency
Value
Pleasure?
Optimum customer engagement across all brand touchpoints: human, physical and digital
...consistent...coordinated...satisfying...
Brand synergy

62.
Hi-Tech With Enhanced High Touch

63.
SCG London
8 Plato Place
72-74 St Dionis Road
London
SW6 4TU
+44 (0) 20 7371 7522
Thank You