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      Survive to Thrive Data Blog Series: Insights on Shifting Retail Banking Customer Needs
      What's up, What's down?
      15th May 2020
      //Survive to Thrive Data Blog Series: Insights on Shifting Retail Banking Customer Needs

      Retail bankers have been trying to understand rapidly shifting customer needs in the face of COVID-19. Here are some insightful data points from a sample of banks using KAI, Kasisto’s conversational AI platform. This sample represents banks worldwide in the digital vanguard.

      • Rise in digital engagement =35% increase in digital traffic, of which:
        • 66% money transfer, payments
        • 24% in user requests re. enabling digital bkg
        • 18% requests for payment relief

      • Drops in interactions:
        • 23% drop in new account opening related questions
        • 17% in requests to speak w/ banker

      Source: Kasisto, 5/5/20

      This blog is part of a data series in our ongoing coverage of developments around COVID-19. View the rest of the blogs within this series:

      1. Insights on Shifting Retail Banking Customer Needs
      2. Acceleration of Digital in Corporate Banking
      3. Consumer Saving During COVID-19 and the PFM Opportunity
      Author
      Alenka Grealish
      Alenka Grealish
      Research & Advisory
      Alenka Grealish
      Details
      Geographic Focus
      Asia-Pacific, EMEA, LATAM, North America
      Horizontal Topics
      Covid 19
      Industry
      Corporate Banking, Retail Banking