Financial Institution Loyalty Landscape – Current Global Perspective

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Globally, loyalty in the Financial Institution (FI) industry remains heavily centered around credit card benefits. Traditional credit card loyalty constructs consist of: customers earning points for card spend, generic point redemption offers centered around products, cashback or partnership gift cards, and paying up membership for additional benefits. While banks understand the importance and ROI value of personalization, they struggle with how to define and scale it. USAA in the US, BVAA....