The banking industry has embraced digital transformation like no other. We have a digital landscape where customers are using mobile apps, social channels, connected things, etc. to interact with their banks. The hyper-connected banking customer expects his bank to engage in a more personalized, contextual and real-time basis.
It’s a competitive world and investing in the right digital customer engagement solutions is a win-win for any enterprise. Banks that engage with their customers in more meaningful ways by optimizing multichannel communication process, integrating with virtual assistant, build better brand loyalty thus improve NPS and enable faster ROI.
Even as new regulations like KYC compliance and customer identification become a mandate, banks have moved to a digital-first strategy with ease. With AI powered digital KYC, forward thinking banks have a competitive edge. By adopting a digital-first strategy banks can: