Introduction
Monzo's doubling of customer support response time for international transfer queries is a critical issue that demands immediate attention. This problem not only impacts user satisfaction but also has potential ripple effects on the company's reputation and growth in the competitive fintech landscape. I'll approach this analysis systematically, focusing on identifying the root cause, validating hypotheses, and developing both short-term fixes and long-term strategic solutions.
Framework overview
This analysis follows a structured approach covering issue identification, hypothesis generation, validation, and solution development.
Step 1
Clarifying Questions (3 minutes)
Why it matters: Recent changes often correlate with performance issues. Expected answer: Yes, there was a recent update. Impact on approach: If yes, we'll focus on the update's impact; if no, we'll look at gradual changes or external factors.
Why it matters: Helps identify if it's a systemic issue or related to specific user behaviors or demographics. Expected answer: The issue is more pronounced for business users. Impact on approach: If segmented, we'll dive into those specific user journeys; if universal, we'll look at broader system issues.
Why it matters: Ensures we're comparing apples to apples and not seeing a false positive due to measurement changes. Expected answer: No changes in measurement. Impact on approach: If changed, we'll need to recalibrate our analysis; if not, we can proceed with current data.
Why it matters: A surge in queries could explain longer response times if resources haven't been scaled accordingly. Expected answer: Yes, there's been a 30% increase in query volume. Impact on approach: If volume has increased, we'll focus on scaling and efficiency; if not, we'll look more at internal processes or system issues.
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