Engagement overview
Digital disruption is rapidly raising corporate banking customer expectations, and digital-first customer service capabilities are being pursued to increase self-service experiences.
A leading South African corporate bank embarked on a journey to deliver a self-service solution through the implementation of a centralised customer engagement platform and VA. The Bank’s annual service feedback and reporting indicated service agents were inundated with high volumes of simple service requests via existing channels. The concept of self-service was tested to harness the power of a VA in automating responses to simple and repetitive customer queries, in order to allow agents to focus on solving more complex queries.
Once the PoC was successful, the Bank partnered with BSG to support with gaining an understanding of customer preferences and address technical readiness. This enabled BSG to outline a plan to implement the solution across selected markets in Africa and deliver business and customer value.
BSG adopted a facilitative process and workshops were held across multiple geographies to assess the Bank and their customers’ ecosystem. This enabled BSG to gauge implementation considerations for the new VA solution. This included a business, user experience and technology focus:
Business – the team worked closely with business stakeholders from the Bank to unpack the problem statement and validate if the key services met the business needs of the selected countries. This was done to ensure key customer pain points were identified and could be prioritised for solving.
Corporate Customer User Experience – rapid corporate customer user testing was completed with selected participants using prototypes to gain insights on user preferences, in addition to viability and performance of the solution on data gathered against success criteria. The intention was to increase the potential for corporate customer user uptake of the new technology.
Technology – as part of this investigation, the team gathered information to complete a technical solution design that incorporated a set of architectural principles. This included considerations around the conceptual architecture, technology applications, data and integration requirements. Further to this, access management, security, licensing and procurement needs were also outlined to enable delivery of the required VA functionality. This resulted in a fit-for-purpose solution blueprint that supported the delivery of business value through self-service and automation.
* Approximately “77% of customers believe that VA (chatbot) solutions are already transforming or will transform their expectations of companies within 5 years.” ~ State of Service, Salesforce Research, March 2019.
Making a difference
Through BSG’s involvement, the Bank will be able to deliver a differentiated experience that supports their digital-first service strategy across the Africa Region. BSG assisted with laying a foundation for customer experience-based analysis and design, and a standardised roll-out approach for the Bank’s adoption.
The BSG team was able to contribute our proven track record of getting the job done with the Bank. Our specific focus was on ensuring quality delivery, being insight-led to play a leading role in the much-needed transformation of the Bank’s service organisation.