Retail Banking: Operations | Services | Customer Focus

Master retail banking essentials and customer-focused strategies for success in today's competitive financial landscape!

What you'll learn

The fundamentals of retail banking and its role in the financial sector.

The various services offered in retail banking.

Key challenges faced by the retail banking industry.

The operational processes involved in retail banking.

How to identify and manage customer relationships effectively.

The importance of Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

Techniques to enhance customer satisfaction and delight.

Best practices for managing retail banking operations.

The significance of customer-focused strategies in banking.

How to navigate and succeed in the competitive retail banking landscape.

Requirements

A basic understanding of banking or financial services (optional but helpful). No prior knowledge of retail banking is required. A keen interest in learning about the retail banking industry. Access to a computer or mobile device with an internet connection.

Willingness to engage with case studies and real-world examples. An open mind to explore banking regulations like KYC and AML. Basic understanding of customer service principles. Enthusiasm for learning operational and strategic aspects of banking.

Description

Introduction:Retail banking is a cornerstone of the financial industry, serving individuals with a wide array of services from savings accounts to personal loans. This course offers a comprehensive understanding of retail banking, its operations, services, and key challenges. It equips students with the knowledge needed to navigate and excel in the competitive banking landscape, focusing on essential aspects like banking services, customer satisfaction, and compliance. By the end of the course, learners will have a solid grasp of how retail banks operate, the services they offer, and the critical role of customer relationships.Section 1: Retail Banking IntroductionIn the first section, students are introduced to the basics of retail banking. The course begins with an overview of Retail Banking in Lecture 1, where students will understand its importance in the financial industry. Lecture 2 delves into retail banking’s share in the banking space, highlighting its significance in relation to other banking services like corporate and investment banking. In Lecture 3, students explore the challenges faced by retail banking, such as competition, regulatory pressures, and evolving customer expectations, setting the foundation for the next sections.Section 2: Services in Retail BankingThis section takes a deeper dive into the services provided by retail banks. Lectures 4 to 6 break down the different services banks offer to individual customers, such as personal loans, credit cards, mortgages, and savings products. Students will gain a clear understanding of how these services are designed to meet customer needs while balancing profitability and risk for the bank. The section emphasizes the evolving nature of these services and the importance of innovation in staying competitive.Section 3: Retail Banking OperationsRetail banking operations form the backbone of any bank, ensuring that all services are efficiently delivered. In this section, students will explore the basics of retail banking operations through Lectures 7 to 10, learning how transactions are processed, the role of technology in banking operations, and the importance of ensuring smooth and secure banking experiences for customers. The section focuses on the key operational challenges faced by banks and strategies to enhance efficiency and security.Section 4: Know Your CustomersUnderstanding and building relationships with customers is crucial in retail banking. Lecture 11 introduces the Know Your Customer (KYC) process, which is essential for compliance and preventing fraud. Lecture 12 builds on this with a discussion of Anti-Money Laundering (AML) measures, ensuring that students grasp the regulatory responsibilities that come with customer management. In Lecture 13, the concept of Customer Delight is introduced, emphasizing the importance of not just meeting but exceeding customer expectations in a competitive market. Lecture 14 provides a summary of the key insights gained throughout the course, wrapping up with a focus on the importance of retail banking in delivering customer satisfaction while ensuring regulatory compliance.Conclusion:This course provides a solid foundation in retail banking, covering everything from basic operations to complex customer management practices. Students will come away with a comprehensive understanding of retail banking’s services, operational processes, and the crucial role of regulatory compliance in ensuring customer trust and satisfaction. The course highlights the importance of adapting to changing customer needs and market conditions, positioning learners to succeed in dynamic retail banking environments. By the end, students will be equipped with the knowledge and practical skills to contribute effectively to retail banking operations and customer relationship management.

Overview

Section 1: Retail Banking Introduction

Lecture 1 Introduction to Retail Banking

Lecture 2 Share in the Banking Space

Lecture 3 Challenges in the Retail Banking

Section 2: Services in Retail Banking

Lecture 4 Services in Retail Banking Part 1

Lecture 5 Services in Retail Banking Part 2

Lecture 6 Services in Retail Banking Part 3

Section 3: Retail Banking Operations

Lecture 7 Retail Banking Operations Basics Part 1

Lecture 8 Retail Banking Operations Basics Part 2

Lecture 9 Retail Banking Operations Basics Part 3

Lecture 10 Retail Banking Operations Basics Part 4

Section 4: Know Your Customers

Lecture 11 Basic of Know your Customers

Lecture 12 Basic of Anti-Money Laundering

Lecture 13 Customer Delight

Lecture 14 Retail Banking Summary

Aspiring professionals looking to enter the retail banking sector. Banking employees seeking to deepen their knowledge of retail banking operations. Finance and business students who want to understand the essentials of retail banking. Entrepreneurs interested in the financial services industry.,Professionals from other industries transitioning to banking roles. Customer service professionals aiming to enhance their skills in the banking domain. Individuals interested in banking regulations like KYC and AML.,Managers in banking who want to enhance their strategic understanding of customer-focused banking services. Small business owners who interact with retail banks and want to understand the services offered. Anyone curious about the evolving landscape of retail banking.