If you value me, you will know my name

I had a pretty hard day recently and topping the cherry of my nasty ice-cream was a mail from a bank and it went “Dear Valued Customer”.
I smashed something.
Backtrack to some 3 decades ago. I remember how we picked chicken fights when someone made a mess of our name, especially surname. There is something so important to names that everyone has at least one; sometimes a name is only what some people have got.
If you really value me as your customer then I should be a person. It’s bad enough to be a statistic. It’s worse that you don’t even have the decency to call me by name.
With cheap and accessible technology nobody, I mean no company worthy of its salt, can say it doesn’t have access to tools to personalize services talk less of emails. So it means one thing – either the company is clueless or doesn’t give two horse legs about me.
It’s like choosing between getting shot in the forehead or on the temple. Both are bad propositions.
Why should I care about you if you don’t care about me?
I don’t know if my conclusion is grounded in science or hogwash but I strongly believe that companies that personalize greetings, emails, SMS, and other interactions would also be good in customer service. It shouldn’t be a rocket science to feel that someone who goes through that pain to make me feel special would care enough to provide a good service.
Personalizing services isn’t trivial but getting your customers back after losing them would be much more difficult.
Some customers don’t have taste.
I see it every day – people, practically everyone on two legs, take rubbish work they pay dearly for. Bad painting, poor haircut, badly sewn dresses, etc. So when they get “Dear Valued Customer” they feel no pain.
This is going to be a tough battle!
 
 
 

Author: Adedeji Olowe

Adédèjì is the founder of Lendsqr, the loan infrastructure fintech powering lenders at scale. Before this, he led Trium Limited, the corporate VC of the Coronation Group, which invested in Woven Finance, Sparkle Bank, Clane, and L1ght, amongst others. He has almost two decades of banking experience, including stints as the Divisional Head of Electronic Banking at Fidelity Bank Plc. He drove the turnaround of the bank’s digital business. He was previously responsible for United Bank for Africa Group’s payment card business across 19 countries. Alongside other industry veterans, he founded Open Banking Nigeria, the nonprofit driving the development and adoption of a common API standard for the Nigerian financial industry. Beyond open APIs, Adédèjì works deeply within the fintech ecosystem; he’s the board chairman at Paystack. Adédèjì is a renowned fintech pundit and has been blogging on technology and payments at dejiolowe.com since 2001.

8 thoughts on “If you value me, you will know my name”

  1. Hey Deji, I haven’t read the post just the title and first paragraph with the quoted typical addressing in banks emails. I just had to give a +1 for this write up (in advance). Thanks.

  2. Valued customer, Your credit card **8199 was charged for NGN3140.00 on 31/01/2016 ……….; ~ (recent excerpt from fidelity sms). Could it be your division is clueless or you just don’t give two horse leg about your customers? ☺ i’ll just go with the latter.

  3. Valued customer, Your credit card **8199 was charged for NGN3140.00 on 31/01/2016 ……….; ~ (recent excerpt from fidelity sms). Could it be your division is clueless or you just don’t give two horse legs about your customers? ☺ i’ll just go with the latter.

  4. Guess Banks are trying harder these days. They try to personalize, but really do not know their customers: this is way beyond first name basis!

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