Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >Survey Says: Consumers Aren’t as Opposed to Bots as You Might Think
    Business

    Survey Says: Consumers Aren’t as Opposed to Bots as You Might Think

    Published by Gbaf News

    Posted on October 24, 2018

    4 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    This image represents the findings of a recent survey showing consumer preferences for customer service, highlighting the balance between human agents and AI bots. It reflects insights from Genesys research on banking and digital support channels.
    Consumer survey on customer service preferences, including bots - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Digital Channelsdigital support channelspowered bot

    When it comes to getting the best customer service, new Genesys research shows 71% of consumers say a human is needed while 76% also turn to digital support channels

    While bots are often cited as a reason for poor customer service, new research from Genesys® finds many U.K. consumers do not rank them high on their list of frustrations.

    In fact, when asked about the most irritating issue in customer service, only 8.6% of consumers cited speaking with a bot, debunking numerous trending perspectives on the topic. Survey data also shows more than twice as many consumers say not being able to talk to a live agent when they choose is a bigger annoyance.

    While only 10% of the U.K. consumers surveyed characterised their last experience with a business as negative, there is still room for improvement. Savvy banks will do well to implement strategies that alleviate what the research shows as consumers’ top-three pain points in customer service:

    • Being put on hold (nearly 50%);
    • Being given incorrect information (nearly 35%); and
    • Being passed to multiple advisors (nearly 36%).

    Humans and Digital Channels Reign Supreme

    Nearly three quarters (71.4%) of survey respondents indicated they get the best and most effective customer service when a human is involved, but it’s not the only path to positive experiences. In fact, findings show consumers also value online methods for service with 76% citing digital support channels as important.

    Genesys Executive Vice President, Mark Turner, said, “Banks now have more flexibility than ever to connect with their customers in meaningful ways. When it comes to getting good customer service, the survey shows consumers want to be in the driver’s seat. They want the option to choose how they get the help they need when they need it – whether via digital channels, the human touch, or even from an Artificial Intelligence (AI)-powered bot.”

    Turner said the real opportunity for banks is to blend AI with human effort. “That combination is a game changer for organisations that want to give consumers the fast, efficient, informed service they want. But banks must find the right mix of digital channels, automation, AI and human involvement — or they risk making their customers unhappy. We do not believe AI will replace the need for live support, rather, it is the catalyst for positive change in the way humans work and how consumers get service,” said Turner.”

    Smart, fast service key for consumers

    Consumers put knowledgeable agents (58%) and a timely response (55%) at the top of their list of the type of interactions they value the most with a bank. Concurrently, 93% of respondents say it’s important for banks to quickly route queries to a customer service agent who has background information and understands the customer’s needs.

    Today, banks cannot afford to ignore the importance of delivering the type of service consumers want. Especially considering 83% of U.K. respondents say they have sometimes or always bought something from a business based solely on its reputation for customer service. Further, 93% of respondents have taken action as a direct result of poor customer service. Half of respondents say they have switched providers as a result of poor customer service, and 42% say they have never done business with a service provider again after a bad experience. Nearly 72% told a friend or family member and 16% even spread the word via social media.

    Additional findings from the survey:

    • The majority of customers (84.2%) feel phone engagement is still vital, yet more than half (53.9%), admit to contacting a bank via phone less than once a month.
    • Despite an increasing use of social media by businesses as a customer support channel, only 4% of U.K. consumers are fond of interacting with banks that way. Respondents cite discomfort, impersonality, unlikelihood of success and lack of speedy response as barriers.
    • 50% of respondents have switched providers as result of poor customer service and 42% say they stopped doing business with the service provider. Additionally, the vast majority of respondents have told others of bad customer service whether it be over social media, email, in-person, or otherwise – further highlighting the fact that word of mouth reigns in the customer service industry.

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostHow Startups Can Best Ride the “vc Wave” in Latin America
    Next Business PostShould Small Businesses Work With Influencers, if so How Can They Do This?