GoTyme Bank was let down by outdated and expensive legacy platforms with limited engagement capabilities, reach and campaign execution. They were also too many time-consuming manual processes and insights were far and few. Additionally, the absence of a unified customer view dashboard to view common customer insights which was critical to their KPIs.
But GoTyme Bank's team knew the areas that needed improvements and set their goals to automate engagement, unify scattered databases in the company, and decrease dependency on external teams. To scale at growth, they also knew they had to leverage a customer engagement platform's (CEP) capabilities like segmentation, personalization, analytics, etc.
They wanted to expand their reach to ensure every customer felt like they had a personal banker in their pocket.
While evaluating different platforms, their #1 priority was to make sure the marketing automation solution would have the best capabilities in:
- Security and Compliance
- Data Integration and Accessibility
- Automation, Analytics and Reporting
- Omnichannel Engagement
- Cutting Operational Costs and Driving Revenue
Based on these criteria, they evaluated a group of platforms and chose MoEngage as their trusted marketing automation partner.
GoTyme Bank were now able to set up automation-triggered points in the customer journey and get real-time reports without depending on external teams. Using the drag-and drop builder, they were able to create campaigns quickly and go-live in very little to no time.
The first touch-point in the customer journey didn't start with registration. For any questions the customer had even before registration, GoTyme Bank were resolving queries that moved their customers down the funnel.
Using MoEngage Flows, they found out what the exact drop-off points were in their customer journey. They then provided timely and relevant touch-point communications through the channels and format their customers most likely enjoyed consuming.
After unifying the multiple siloed databases with over 3 million customers accounts for, GoTyme Bank leveraged MoEngage's in-depth analytics to make insights-driven business decisions.
They were now able to scale their business growth using MoEngage. However, they still found room to optimize by creating a segment of their inactive customers. Targeting this dormant cohort with personalized emails, they were able to bring them back onto the platform and convert them to active customers.
Additionally, they were also able to use custom dashboards to understand parts of the bank's processes where informative dashboards weren't previously available at all.
Using MoEngage, GoTyme Bank was able to shake up the banking landscape in the Philippines by:
MoEngage is an insights-led platform trusted by 1,350+ global brands like McAfee, Flipkart, Domino’s, Nestle, Deutsche Telekom, and more. MoEngage’s powerful analytics, personalization, and AI capabilities give a 360-degree view of your customers and help you create journeys across digital channels.