Leveraging The Power of Behavioral Science in Banking – the Assistant AccèsD Qorus Banking Innovation Awards 2018 - Winner

Submitted by

Desjardins

Premium
10/09/2018 Banking Innovation
Using advanced artificial intelligence, behavioral analytics, and machine-learning technology that enabled the autonomous personal financial assistant to learn and understand the characteristics of each client and specifics of each client interaction enabling Desjardins to capture over 35 % greater conversions for the acquisition of new account openings when compared to a more traditional marketing campaign.
Innovation details
Country
Canada
Category
Digital Marketing & Communication
Keyword
Customer acquisition & loyalty, Data

Innovation presentation

Desjardins experienced tremendous results in new product conversions following the implementation of the Assistant AccèsD (Exagens white label digital financial assistant) that used behavioral AI technology to increase engagement,relationship and sales in their digital channel. The solution was deployed to engage with Desjardins’ retail and commercial customers through their digital channels for a series of pertinent conversations build awareness and position the benefits. of a new savings product which was recently launched, Additonally, the Assistant AccèsD was utilized to reduce friction and abandonment by simplifying, and providing guidance with, the account opening and funding process. In the course of 12 months, over 85 000 new High Interest Savings Accounts were opened with more than ½ billion dollars deposited while capturing over 35 % greater conversions for the acquisition of new account openings) when compared to a more traditional marketing campaign. And the most important point was that the individuals experienced a 98 % satisfaction rate with their interactions with the Assistant AccèsD.

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