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In Commonwealth Bank's half-year results released on February 10, 2021 it was shown that one-third of new credit card approvals were for their Neo card. For NAB, the StraightUp card is accounting for a similar percentage.
Bank of America's virtual assistant, Erica, has reached 7 million users since its nationwide rollout in June 2018 with 49% of Erica's users being millennials, followed by Generation X (20%), baby boomers and seniors (16%) and Generation Z (15%).
Bank of America announced that it has rewarded small business clients participating in Preferred Rewards for Business with approximately $175 million in benefits during the inaugural year of the program.
BBVA clients interestedin a personal loan who consulted the scoring andcomments of other users about the digital process of applying for a loan,accounted for 4.4 percentage points increase in customers deciding topurchase the loan.
The CommSec Market Update podcast hit 1 million downloads from May to August. Also known now is that more people listen to this podcast on smart home devices than any other device, which also suggests that people are listening to the podcast before commuting to work and when back home...
Member Notices
If you want any help assembling or analysing information from BankBulb on retail or business banking, simply email us and we'll be happy to assist.
Monthly Recap Reports are available from January 2012 to last month. Please contact: [email protected] to request any past issues.
OUR PICK OF THE MOST DISTINCTIVE PROPOSITIONS of the QUARTER
This is an example of dynamic micro-personalization, with the AI analyzing customer’s transaction patterns, behaviors, and preferences, which helps the bank anticipate needs and offer targeted solutions at key moments......[read here]
The ‘ING Scan & Drive’ feature is based on data extracted by Open AI, such as the brand, model and type of car....[read here]
Recognising the fact that a growing number of workers are challenged with finding a mortgage provider....[read here]
First-of-its-kind technology not only provides information to the car buyer, but also, takes specific actions on the customers’ behalf based on the customer's natural language prompts....[read here]
Tembo also offers a number of solutions that can help to boost customer's affordability for first-time buyers with specialist tools to explore boosting customer's income and house deposit...[read here]