Equities Services on Social Messaging Platforms Qorus Banking Innovation Awards 2023

Submitted by

DBS Group

DBS has garnered a slew of global accolades, underscoring our growing presence among banking leaders worldwide. We continue to be recognised for our leadership in digital, as well as our commitment to deliver a purpose beyond banking to create a more sustainable future. In 2019, DBS was named the ‘World’s...

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13/09/2023 Banking Innovation
Rather than bringing clients to our banking apps, we want to tap on ready social messaging channels and bring our banking services to their everyday apps, making equities information easily accessible and digestible for our clients.
Innovation details
Country
Singapore
Category
Reimagining the Customer Experience
Keyword
AI & Generative AI

Innovation presentation

With 2.9 billion social media users in Asia as of January 20231, social media is the undisputed channel to reach the masses. Rather than expecting clients to make an effort to come to our banking apps, we make it more convenient for clients by bringing our banking services to their everyday apps. Our Natural Language Processing chatbot offers differentiated equities services via clients’ preferred messaging platforms (e.g. WhatsApp) in a conversational and friendly manner, as though served by a personal RM. Clients can be advised of stock information and DBS insights, receive price alerts via WhatsApp, and be nudged into action by timely intelligent recommendations. Clients can also initiate trades, which will trigger the DBS digibank app for biometrics authentication to complete the trade, with fields pre-filled at client’s discretion (i.e. clients can choose to initiate a trade without revealing transactional information to the bot as well).

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