This calls for opening up of traditional channels and redrawing of business processes and ecosystem partnerships to deliver an omnichannel customer journey. To deliver financial value to the customer, beyond traditional banking services, BFSI firms are offering services such as spend tracking and financial advisory, enabled by real-time analytics and insights.
Organizations are looking to unlock the value of data through rich insights and digital dashboards. When fed into an artificial intelligence (AI) based platform, these insights would enable more contextual conversations with the customer, thereby converting a standard contact center into a customer engagement hub.
TCS’ Digital Engagement Advisory Services help BFSI organizations analyze customer interactions and identify newer ways of engagement, keeping the human element in mind. The services leverage a customer knowledge parser to facilitate the bundling of products and services. TCS also offers customer journey analysis combined with a digital readiness assessment to determine and develop a roadmap for end-to-end customer experience management across various user contexts such as product or service fulfillment, new product inquiry or application and so on.
Coupled with rising competition and margin pressures, this is compelling BFSI organizations to relook at how they engage with their end customers. However, most banks operate with legacy infrastructure, resulting in poor customer service and experience. Banks and financial services firms need to modernize and transform their existing business capabilities and digital customer engagement processes to take customer experience to the next level.
TCS helps BFSI companies perform structural analysis with proper evaluation criteria to establish a futuristic customer engagement model.
The offering enables BFSI institutions to drive digital transformation geared toward improving and enriching customer contextual journeys, customer engagement models, and systems. With TCS’ range of solutions and services, financial institutions can engage customers through their preferred medium and proactively send offers and recommendations. TCS’ advisory services enable BFSI firms to deliver frictionless experiences to end customers through personalized and proactive context-driven engagements.
TCS offers the following services:
With TCS’ Digital Engagement Advisory Services, BFSI firms will be able to realize the following benefits:
A partnership with TCS helps BFSI institutions take advantage of the following:
Thought leadership: TCS differentiates itself by building futuristic and sustainable business models across industry verticals. It also leverages its deep industry experience and contextual business knowledge in digital ecosystems to deliver value.
Design thinking-led innovation: TCS has extensive experience in using a design thinking approach involving all stakeholders. This helps to gain consensus on focus areas, feasibility, and solutioning in a human-centric environment for enhancing the end-user experience.
Rapid MVP-oriented banking: TCS leverages its innovation labs and garage set-up to evaluate multiple products, conduct build versus buy analysis, and provide contextual recommendations on digital transformation projects.
Continued investments for ecosystem collaboration: TCS has made significant investments in co-innovation networks and labs. It has also developed partnerships through transformational initiative and cross-industry solutions.