Argentinian Bank: Optimizing data analytics and audiences management to improve customer's engagement
Our client is among the largest private banks within the Argentine financial system and is a prominent provider of financial services in the nation. It serves over 4.2 million customers with a broad range of financial offerings. The client aims to enhance its digital presence and improve the analysis, understanding, and interactions with its customers. The ultimate objective is to ensure that each customer has a valuable and personalized experience, receiving the right content at the right place and time. The suggested solution includes Audience Manager and Campaign to boost the bank's digital footprint and its customer interactions by deepening customer understanding and creating audience segments for tailored campaigns.
- **Optimized Data – Merging Information**: By implementing Adobe Audience Manager, the bank will integrate data from various sources—including online interactions through their website, app, and email, as well as offline data from CRM, ATMs, and call centers—thereby recognizing the same customer across different devices and channels. Furthermore, this platform allows for data enrichment with second-party partner information or even third-party data purchased by the client, resulting in a more comprehensive understanding of the customer.
- **Optimized Data – Segmenting Information**: The comprehensive profiles generated in Adobe Audience Manager facilitate easier segmentation of information to create significant audiences defined by various attributes like interests, needs, or behavior. These optimized audiences enable the bank to engage the right customers with pertinent content across multiple marketing efforts, ensuring personalization not just in email campaigns but also in paid media, websites, and the app. These audiences can be shared with platforms like DV360, Facebook Ads, Google Ads, and other solutions in the Adobe Marketing Cloud, such as Adobe Campaign or Adobe Target.
- **Expanding Data Access**: Adobe Audience Manager also provides the capability to tap into new data that has not yet been utilized. By exploring available data, the bank can identify overlooked interactions and discover new opportunities. They can access the “Marketplace” to find relevant audience characteristics from other businesses, allowing them to reach a broader audience with new insights. Leveraging these "unused signals," the “Marketplace,” and available first, second, and third-party data on the platforms gives the client a variety of useful segments for each action they wish to execute.
- **Optimized Data – Segmenting Information (Continued)**: As the bank begins to create audiences, the platform learns and offers recommendations for traits that can be combined for specific segments. This simplifies the creation process and provides insights on optimizing the data available. The bank can also develop lookalike models to target people outside of their existing customer base who share similar characteristics with existing segments, enhancing their ability to engage new customers.
- **Customer Journey Management**: Adobe Campaign Standard allows the bank to design and implement marketing campaigns that consider various customer journeys. The marketing technology team can plan campaigns aligned with customer interactions and preferences, ensuring that content reaches customers and adapts to their needs, which enhances engagement and loyalty.
- **Cross-Channel Communication**: Today, customers engage with brands across multiple channels and devices. The only way to provide relevant content is by recognizing all these interactions as originating from the same person and tailoring messages to those specific channels and devices. Adobe Audience Manager helps merge interactions and devices to unify the customer profile, while Adobe Campaign Standard allows communication through the preferred channels, keeping all messages coordinated. As a result, customers experience a cohesive journey. Among the many benefits, the client achieved optimized customer experiences, a defined approach to customer journey management, heightened marketing efficiency, optimized audiences, and seamless cross-channel communication.