Channel Optimization for a Banking Sector Client Helps Maintain Optimal Performance

Nov 17, 2017

With the decreasing capabilities of traditional banking systems and the rising need to accommodate technologies in the emerging channels, the banking sector is facing relentless pressures to go on par with the customers’ preferences. To deliver the best possible services to the consumers, the banking sector is shifting toward a customer-centric environment to ensure customer satisfaction and loyalty. Also, with constant innovations and increasing competition in the banking sector, renowned companies are facing the need for optimizing their channel management strategies to manage their channels effectively. With the aid of channel optimization, leading companies in the banking sector can exploit the use of channels like mobile and social media to reach out to customers in an agile and seamless manner. Leveraging channel optimization also helps companies in the banking sector gain relevant information in terms of channel usage, customer usage of the particular channel, and customer behavior.

To analyze data and derive meaningful insights, renowned organizations in the banking sector are approaching companies like Quantzig. With years of expertise in offering a plethora of services, Quantzig’s channel optimization solution helps companies in the banking sector analyze channel usage patterns and identify the least used channels to direct customers to the right channel. Moreover, Quantzig’s channel optimization solution can also help finance sector companies maximize profits and improve their overall customer satisfaction.

The Business Challenge

A renowned company in the banking sector with a considerable number of services offerings was facing certain predicaments predicting the customer’s channel transition and gathering information on the customers’ behavior. The client wanted to retain potential customers with the help of a robust channel optimization strategy. Furthermore, the banking sector firm wanted to segment customers based on channel usage information. The primary objective of the engagement was to leverage channels like social media and mobile to deliver an advanced, effective, and seamless banking experience.

Want to learn more about our analytical methodologies? Request a free pilot today!

Benefits of Channel Optimization

The channel optimization solution offered by Quantzig helped the client identify the key factors that affect profit/loss, operational costs, and customer satisfaction in the banking sector. Moreover, the engagement helped the banking sector client accurately predict the transition between channels and analyze information pertaining to the customers. With the aid of this engagement, the client was able to segment their customers based on the channel usage information.

Get in touch with our experts to know more about advanced analytics.

Channel Optimization Predictive Insights:

  • Wisely utilized social media channels and garnered information on consumer behavior
  • Witnessed a 15% increase in the customer acquisition
  • Effectively retained potential customers and improved customer satisfaction
  • Gained a thorough understanding of the customer lifetime value
  • Profiled and segmented customers based on their channel usage information

Recent Case Studies

Use Cases of Big Data Analytics in Telecom Industry 

Use Cases of Big Data Analytics in Telecom Industry 

Overview of the Telecom Industry:  If you’re ever worked in the telecom industry then you already know the role the telecom companies are playing in facilitating the transfer of information and communication across the globe. While focusing on the role of big...

read more


Our advanced analytics expertise spans across industries, sectors, and functions, which enables us to deliver robust, agile solutions to all our clients. These are our core competencies, formed through years of experience.


Our free resources shed light on our extensive expertise and equip you with information to accelerate decision-making, growth, and innovation.

Talk to us
Talk to us