Categories
Customer experience Customeronboarding Face AI face match financial inclusion Fintech fraud checks PD Personal Discussion V-CIP VCIP Digital KYC solutions Video Video PD

Give business a personal touch with Video PD

If there’s anything 2020 has taught us, it’s that customer engagement goes a long way when you add a personal touch to it. Be it a phone call, visiting a potential client’s office, or engaging with them over video, a personal discussion is what everyone looks forward to while doing business.

Right before the pandemic hit, most companies and employees chose an offline personal discussion, especially lenders and banks who needed to assess the creditworthiness of the borrower. Come 2021, everyone now chooses a video personal discussion, to ensure the same business is done online, just as smoothly as it was in the offline era. 

Who needs a video personal discussion?

Most often it is lenders and financial institutions that choose to have a video personal discussion with their potential customers. Here’s why:

  1. It gives them access to business worthiness
  2. Helps assess borrower’s income and creditworthiness
  3. Gives clarity as to where loan funds will be utilised
  4. Helps track existing loans and obligations

Moreover, with the surge in digital business over the past year, organisations have harnessed the potential of technology and tools like never before. Most video tools today are AI-powered and offer plenty of features that include AI Facematch, low bandwidth video, omnichannel borrower experience, video call recording, instant customer metrics, and video encryption, too, for maximum security. Here’s how a video personal discussion can benefit your business:

Eliminate geographical barriers: With agents not having to visit customers personally, your organisation can consider widening horizons and reaching out to more customers far and wide, over video. All document authentication can be done while away. This works well not only for agents, but for customers too, because they don’t need to make any more trips to the bank/ institution for manual verification.

Meet your targets faster: Video, as an alternative to offline personal discussions, proves to be a game changer because it is equally, (or more) efficient at getting the job done. When done faster, it boosts sales and helps you cover more targets, while maintaining complete security, as well. This doesn’t just improve targets, but the overall customer experience too.

Personalised experience: As much as chatting online or over the phone can be an effective means of communication, it does have its limitations that a video discussion can rule out. To begin with, a video PD allows you to understand the customer’s body language and make the process more comfortable by adapting to their non-verbal cues. You can guide them step-by-step through the whole process and resolve their queries, which they might otherwise hesitate to ask over a phone call.

Reduces operational cost: All this while you couldn’t send agents to customers’ homes and now, you might never need to because of video interaction that has made life easier for everyone. The time spent by agents in visiting customers can now be optimised and limited to quick onboarding and lending.

What we are trying to say is, video PD is the next big thing, and the next is now! Most organisations and institutions have already begun integrating customer video interactions in their day-to-day business processes. How about yours?

Categories
Customeronboarding Digital transformation Digitalonboarding Fintech fintechs KwikID One stop video kyc solution Video Video based KYC identification Video KYC Video KYC for Banks Video KYC India Video KYC solution providers Video KYC vendors

Stay Connected With Video

We’d begin to tell you about how the tech-driven world has taken on the traditional one, but you already know it. Now, in a socially distant world, not only have businesses taken to tech, but they are making the switch from audio to video to add the in-person feel. From digital loan disbursal to onboarding customers with the best Video KYC tools and updated Video KYC techniques within minutes, everything now happens over video, which clearly means that video channels and video conferencing tools are soon going to be the new norm in organisations. To aid seamless conversations between you and your customers, plugging in an optimal video infrastructure is the need of the hour, because here’s all that a good video conferencing tool has to offer.

  • Free Product Demo: Let’s face it, no matter how much you interact over video with a potential customer, at the end of the day it is your product that’s doing the talking. Fortunately, with video conferencing you can showcase your product too. With the media sharing option, you can choose to share a product demo video right there, right then, with the customer. Or better still, show the functionality of the product, LIVE, so you could even resolve whatever doubts your customer may have about the product.
  • Service call: Selling your product isn’t all you need to do. As a trustworthy brand, you’re expected to provide after-sales services to your customers. With a video service call, you can follow up with customers and ask them for product feedback that helps your brand improve. In case a customer is facing an issue with the product they may also request a service call and the agent can resolve the problem in real-time over video.
  • Context aware content delivery: Helping your customer is great, but showing that you understand their interests and cater to their needs is even better. Using real-time data and analytics you can gather information about your potential customer, right from their previous interaction with your company, their interests, to their location. These insights help you understand and deal better with your customers.
  • CRM Integration: Your CRM isn’t only essential for communicating with customers, but it should also create alignment and streamline communication within your company. Everything from your calendar and emails to your social media platforms and data collection tools can be integrated to ensure that your organisation does quick business with a seamless process.
  • Intelligent routing: Customer service calls are queued based on the product, customer priority, language, location and more to provide an optimal user experience. For instance, if you study the location and spot someone in a weaker network area, you can answer their call sooner before they lose connectivity completely. This feature also shares a wait time with the customer, so that waiting endlessly doesn’t hamper their productivity.
  • Screen sharing: When you’re working as a team you maybe full of ideas that you want to share but can’t verbally explain. The great thing about video conferencing is its screen sharing feature and interactive whiteboard options that not only allow you to share your idea, but let team members brainstorm together as well, while allowing for quick decision making. This feature makes collaborations easy in the socially distant digital age.
  • Chat option: In the event that there is a technical glitch or a language barrier between the agent and potential customer, the chat feature makes it easier for them to interact quickly while being face-to-face as well. Many customers may shy away from asking questions directly but maybe more comfortable using the chat option.
  • In-person interaction: The entire point of a video conferencing tool is to feel like you’re dealing in the offline world even when online, and video aids in doing just that. Regardless of distance, you can enjoy a seamless, productive meeting or collaboration, as you did in your own office space.

Bottom line is, if you’re looking at pushing the envelope for your business and speeding it up, video is a tool that’s here to stay and you should definitely consider investing in it when the time is right.