How does the partnership benefit customers?įor the last 20 years, Infosys Finacle has helped banks automate processes, expand customer service to new channels & enable universal banking. The Bancassurance head of one of the large insurance companies in Asia acknowledged that their Bancassurance business now generates more business than the entire Agency channel and last year their Banca channel sold more policies than the Agency channel has done in the last 7 years! While this is staggering performance, this is not isolated and we are seeing this theme consistently across Asia & the Middle East. In Asia, Bancassurance is the fastest growing channel and in the last 12 months, 56% of all new policies sold were through the Bancassurance channel.
Unsurprisingly, Customer trust follows their Money. It is a fact that consumers trust their banks far more than they trust any other financial institution – brokerages, investment advisors, asset mgmt.
The combined solution helps banks expand their insurance offerings with customer insights, empower relationship managers with metrics that drive business growth and facilitate better collaboration between relationship managers & field agents. We are excited to announce our partnership with Infosys to offer an integrated Bancassurance solution with Finacle & Vymo.
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