SunTec, the leader in revenue management, relationship-based pricing, billing, and customer experience orchestration, announced the successful rollout of Customer Centricity System, powered by SunTec Xelerate®, at MSB (formerly known as Maritime Bank), Vietnam. This implementation will further empower MSB with additional capabilities to innovate, offer and effectively manage customer centric products & services for each target segment as well as bring delight for its valuable customers through personalized offers at a customer level.
MSB aims to bring the best experience to customers and is investing heavily in digital transformation. The bank views digital transformation as a critical tool to understand customer’s needs better, serve them seamlessly, and provide superior customer experience consistently. The SunTec Xelerate® implementation is a significant milestone in this journey towards building an agile and flexible IT infrastructure and a customer centric approach that builds highly engaged relationships.
MSB, with this unique capabilities of SunTec XelerateTM, can now automatically segment its retail banking customers, based on pre-defined multiple business parameters; this enables MSB to introduce customized products & services for each target segment on a real-time basis. The introduction of exception-pricing capability is another game changer as it equips the bank with additional IT related capabilities to offer and manage relationship-based pricing more efficiently right up to a customer level.
MSB has already begun leveraging the rich functionalities of Customer Centricity System to enhance its operational efficiency, customer experience, and product offerings. Based on this system, now MSB can serve its customers more quickly and accurately through automatic pricing for customer transactions. At MSB, now tellers are no more required to make customers wait while calculating transaction fee manually; the applicable fee is now calculated and displayed on teller’s screen in no time by the system automatically.
Nanda Kumar, Founder and CEO of SunTec, said, “We are delighted to partner with MSB in their digital transformation journey. We are working towards a common goal of creating richer, contextual and engaging customer experiences and this implementation is a mighty leap towards driving enrichment in digital banking.
I am also excited that we now have a rapidly deployable solution for Banks of all sizes to quickly enhance their product innovation and customer experience orchestration capabilities, without having to replace their existing core banking solutions”.
MSB CEO, Mr Quang Huynh Buu, added: “SunTec has helped accelerate our digital transformation journey, and Xelerate’s functionalities enable us to significantly improve the quality of engagement with our customers. Automating our customer offerings and processes gives us the much needed flexibility to provide multiple product options to customers, which in turn gives us the edge over other banks. It is an interesting phase for MSB as we enhance our digital innovation capabilities and take our customer relationship management to the next level”.