$3.7 Trillion Lost Globally: The Hidden Price of Poor Customer Service
It’s clear that poor customer service is bad for business, but the financial implications might surprise you.
A 2024 study revealed that globally, businesses lose approximately $3.7 trillion in sales each year due to negative customer experiences. Customer satisfaction has reached its lowest since 2010, highlighting an urgent need for improvement.
How AI Is Transforming Onboarding Compliance - AML, KYC, and KYB
Money laundering accounts for anywhere between 2 and 5% of global GDP, which is between $800 billion and $2 trillion each year.
The figure has risen in recent years, with financial crime surging by more than 50% in 2022. This resulted in fines totaling $5bn due to anti-money laundering (AML) infractions and “know your customer” (KYC) failings.
The Evolution of KYC Solutions: How QGen Online is Setting a New Standard
When businesses search for a KYC/AML platform, they often face a common set of frustrations a number of pain points that are often reflected in online reviews, user feedback, and industry discussions.
Our privacy policy.
Arritech.com is committed to protecting your privacy. This Privacy statement explains how we collect, use, disclose, and protect your information. To view the full policy that this statement is based on please go here .
We may collect personal information that you provide to us, such as your name, email address, and phone number. We also, if you opt-in, collect information automatically, such as your IP address and browsing behaviour.
We use your personal information to provide and improve our services, communicate with you effectively, and you may choose to allow your data to be used for marketing purposes with the consent banner when you first visit the website, ensuring we can update you on services offered. We do not sell your personal data to anyone else.
We may share your information with third-party service providers who assist us in operating our website and services. These third parties are obligated to protect your information to the same standards
We ensure we implement appropriate security measures to protect your personal information from unauthorized access, disclosure, or destruction.
You have the right to access, correct, or delete your personal information. You may also object to the processing of your data and request data portability.
We may use cookies and similar technologies to enhance your experience on our website. You can control the use of cookies through a “Cookie consent banner” when you first visit the website. You can choose to decline non-essential cookies through this banner.
We may update this Privacy Policy from time to time. Any changes will be posted on this page, and your continued use of the website after such changes signifies your acceptance of the new Policy.
If you have any questions about this Privacy Policy, please contact us at info@arritech.com .
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