Financial Services in the US
A great quarter for Chime after it managed to increase its Overall Effort Score by +2 and rise to 9th in the US financial services rankings, with rises in all four of pillar scores.
Its Knowledge & Expertise pillar score did especially well with a +3 point rise to 60, with 50% rating the expertise of the customer service agent as 'excellent' and the same percentage rating how well the customer service agent understood their particular problem or question as 'excellent'.
There was also a +3 point rise for Speed of Resolving Problems to 58, after 46% rated how easy it was to find the information they wanted on the website/app as 'excellent'.
The +2 rise in its Overall Effort Score is reflective of substantial changes recently made at the company. Chime's customer service has been in the news for the wrong reasons this year, after it entered into a consent order with the DFPI and paid a $2.5 million penalty to resolve an investigation into the company's customer service.
The DFPI found that customer complaints were not being handled fairly, accurately, and in a timely manner in compliance with the California Consumer Financial Protection law. As a a result, the company agreed to provide 24-hour 7-days per week customer service support with sufficient training and staffing to be in compliance.
Customer Effort in detail
Style of Communication
61 vs 59 last quarter
51% say the politeness of their customer service agents is 'excellent'
47% rate the ability to communicate with them in their chosen language (other than English) as ‘excellent’
Knowledge and Expertise
60 vs 57 last quarter
50% rate the expertise of the customer service agent as 'excellent'
46% say the way details were clearly explained to them was 'excellent'
50% rate how well the customer service agent understood their particular problem or question as 'excellent'
Understanding & Valuing the Customer
61 vs 60 last quarter
48% rate this brand as 'excellent' for how they made them feel valued/important as a customer
51% say the way they understood their needs was 'excellent'
59% say they were 'very satisfied' with the outcome of their communication or contact
Speed Solving the Problem
58 vs 55 last quarter
46% rate how easy it was to find the information they wanted on the website/app as 'excellent'
50% rate how they were able to achieve what they set out to do, or resolve their issue, with the first agent they contacted as "excellent"
52% say they made it ‘very easy’ to achieve what they set out to do