What Customers Want: Scaling Fintech Customer Service

Alex Johnson
Alex Johnson
September 26, 2024

Welcome to What Customers Want, a limited 4-part series from the Fintech Takes podcast, hosted by me and Corey Besaw, President of APAC and co-founder of Ubiquity.

In Episode 2, Corey and I venture back into fintech’s overlooked frontier–customer service–as we sit down with Chime’s first full-time fraud manager, Marcus Vinson.

Join us behind the scenes to discover how, as an early-stage fintech, Chime navigated explosive growth while prioritizing a customer-first approach.

Highlights include:

  • When Marcus joined Chime as their first FT fraud manager in 2017, customer support was a blend of outsourced and in-house. Fast forward 3-4 years, and their customer base grew by nearly 4,000% or more. What happens when your support system is suddenly under that kind of pressure?
  • The delicate balancing act between in-house teams and outsourced partners (and how BPO partnerships are crucial for scalability). How can fintechs leverage both as they scale without sacrificing quality, consistency, and their strategic partnerships?
  • The importance of investing early in data-driven fraud detection (and aligning proactively with bank sponsors from the get-go). With first-party fraud on the rise, staying ahead of fraud prevention is all about scaling, standardizing, and automating processes.
  • Discover the power of building structured systems amid constant change. What metrics should fintechs focus on to define success as they grow?

Tune in as we unpack these big questions and more, exploring how fintechs can scale their customer support without losing the human touch.

And don’t forget to subscribe and catch more insights on what customers want in upcoming episodes.

Sign up for Alex’s Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/

And for more exclusive insider content, don’t forget to check out my YouTube page.

Follow Alex: 

YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos

LinkedIn: https://www.linkedin.com/in/alexhjohnson

Twitter: https://www.twitter.com/AlexH_Johnson

Follow Corey:

LinkedIn: https://www.linkedin.com/in/corey-besaw-8004182/

Learn more about Ubiquity here:

https://www.ubiquity.com/

Alex Johnson
Alex Johnson