Client Background:
Client: A large North American bank.
Industry: Banking
Areas of Operation: North America
Challenge:
The auto finance industry in North America has many touchpoints- dealers, refinancers, banks etc. The client wanted to provide a one-stop shop for customers, to simplify the user journey for their auto financing customers and prospects.
Solutions:
- Designed and built the end-to-end user journey from discovery, purchase decision, financing, and refinancing. Redefined workflows for a seamless experience.
- Integrated API-driven journey- i.e. encompassing external APIs and financial products from the client onto one platform for the end user
Business Impact:
- Offering greater convenience and a one-stop shop to an automobile buyer helped the bank with better conversion of acquired customer leads and retention of customers.
- End-to-end customer touchpoints captured on one platform.
- Additional revenue channel for bank through onboarding of dealerships