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Omnichannel Banking Economy

International Banking Institute, Nevsky Prospect, 60, 191023 St Petersburg, Russia
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Risks 2019, 7(4), 115; https://doi.org/10.3390/risks7040115
Received: 24 September 2019 / Revised: 4 November 2019 / Accepted: 4 November 2019 / Published: 7 November 2019
(This article belongs to the Special Issue Quantitative Methods in Economics and Finance)
In modern market conditions, customers who purchase banking products require a high level of service. In particular, they require continuous real-time service with the ability to instantly “switch” between service channels. The article analyzed the economic component of the omnichannel sales management system in banking. The existing barriers to introducing omnichannels to the practice of banking management have been identified. The features of the calculation of individual elements of the cost of sales at various stages of the life cycle of sales (sales funnel) are considered. An economic–mathematical model for managing the cost and profitability of sales by selecting the optimal omnichannel chains was proposed. The omnichannel model of interaction with customers enables banks to simultaneously achieve several key goals of increasing their own business efficiency: increase sales while reducing their cost and improving the quality of customer service. The model can be used not only in banking, but also in other forms of retail business where it is possible to collect detailed statistics and build a factor analysis of conversion through a sales funnel. View Full-Text
Keywords: omnichannel (omni-channel) sales; sales funnel; cost of sales; customer relationship management (CRM), Big Data; robo-advisor omnichannel (omni-channel) sales; sales funnel; cost of sales; customer relationship management (CRM), Big Data; robo-advisor
MDPI and ACS Style

Vasiliev, S.A.; Serov, E.R. Omnichannel Banking Economy. Risks 2019, 7, 115.

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