Banks incre­asing­ly mana­ge cus­to­mer rela­ti­ons through auto­ma­ted let­ters or online noti­fi­ca­ti­ons. Howe­ver, a per­so­nal con­ver­sa­ti­on with bank employees can posi­tively influence the beha­vi­or of defaul­ting bor­ro­wers[1]Direct inter­ac­tion with bank employees speeds up loan repay­ments.

Per­so­nal Com­mu­ni­ca­ti­on in an Auto­ma­ted World: Evi­dence from Loan Repayment