Union Virtual Connect (UVConn - WhatsApp Banking) & Union Voice Assistant (UVA- Voice Banking) Qorus-Infosys Finacle Banking Innovation Awards 2024

Submitted by

Union Bank of India

Premium
21/06/2024 Banking Innovation
In today's fast-evolving digital landscape, conversational banking has emerged as transformative innovation in the banking sector. WhatsApp and Alexa epitomize the convergence of convenience, accessibility, and security, revolutionizing conversations
Innovation details
Country
India
Category
Reimagining the Customer Experience
Keyword
Customer experience, Customer service, Social media, Contact center & Chatbots

Innovation presentation

Union Bank of India embarked on a digital transformation journey to meet the ever-changing needs of its customers. The Bank in a bid to enhance its digital presence and establish itself as a favoured banking partner for its customers, decided to utilize conversational channels to offer financial services to customers at their doorstep. Union Virtual Connect, UVConn offers 65 Banking services in 7 different languages through WhatsApp by means of Bank’s WABA (WhatsApp Business Accounts) number. UVConn leverages the widespread use of WhatsApp which has over 487 million digital consumers in the country. The prominent features offered through UVConn include: Account Statement, Interest Certificate, Set Green PIN, Credit Card Bill Due etc.

Union Voice Assistant has been implemented as an extension of conversational banking to provide customer services based on voice commands. The USP of conversational Banking platform is that it provides an additional avenue for the Bank to cross sell products and generate new leads.

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more?

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.

Related Content