Smart Banking And Insurance

Use AI to automate & simplify the user experience of your customers and productivity for your employees
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Bank and Insurance exist to protect me, so why are they so complicated?

Deliver personalized financial wellness solutions

BANKING
INSURANCE

ENABLING THE BANK & INSURANCE OF YOU

Simply speak
We make speaking to your bank or insurance as personal and accessible as texting to a friend. We enable customized, tailored and adaptive intelligence to make each experience the best it can be.

Personal
More than just a frustrating chatbot that relaunch FAQs, AI that learns about your clients over time to customize their experience.


Intelligent
Different moments require different answers, we target the best answer for the time, place and intention to promote event-based microservices.


Efficient
We want to restore the benefit of knowing your customer through conversation. Your own AI assistant – that learns and adapts – remove needless complexity and reduce costs delivering the right information at the right moment 24/7.

Learn more

Picture this.
John – who happily agreed to receive relevant third party offers from his bank based on his expressed preferences, including previous transaction history and location, is travelling today.

Your first meeting is at 9.30 am. Traffic is OK for now.

The smart assistant intelligence analyzes traffic, news, temperature, pollution prompting the best solution for John’s choice. While John is reaching the meeting the app prompts relevant, useful recommendations:

The closest parking is at 0.4 km of walking distance. Shall I guide you there?

This parking is giving 10% discount if you pay with your credit card.

The app intelligence has access to John’s calendar and this week is his daughter’s birthday. A summary of his preferences has been shared, per his consent, with his mobile network operator. When John passes close to a participating store, a promotion is pushed to his mobile device for instant in-store redemption. John visits the store and finds the perfect gift for his daughter, and pays on his way out with his credit card. Transactions are automatically classified for his personal finance management and for the bank behavioral finance profile so John will receive only financial offers relevant to him in the moment that he is more interested in them (a loan proposal when school starts, for example), and not generic newsletters.

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DELIVER PERSONALIZED FINANCIAL WELLNESS SOLUTIONS

We connect banks and insurances’ customers and employees, creating smart, data-driven, personalized experiences by bridging digital and physical world via the Internet of Things.

Financial wellness
To differentiate, banks and insurances now need to work to provide additional tools that keep users engaged in-app and enable them to better manage their financial lives. This indicates that they need to put more effort into deploying robust personal finance management (PFM) features that pull consumers in.

Health / Wealth
Consumers are increasingly managing their health, wealth and career decisions in a coordinated way because they all affect the same wallet. Banks and Insurers have to show that not only are they protecting customer data, but they are also using it to act in the customer’s best interest at all times.

Instant Banking & Insurance
Welcome to Banking and Insurance powered by artificial intelligence and behavioral economics. By replacing bureaucracy with bots and machine learning, you get zero paperwork and instant everything.

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WHATSAPP BANKING & INSURANCE

SMART, PERSONAL BANKING & INSURANCE

LIFEdata connects banks and insurances of all sizes to WhatsApp’s Business solutions, making business-to-customer communications feel as natural as communicating with family and friends.


MAKE WHATSAPP AUTOMATED AND INTELLIGENT

LIFEdata Halo integrates with Whatsapp for Business to orchestrate automated, personalized customer/employee interactions saving data into your systems:
Take advantage of WhatsApp’s rich media capacity
:

  • Share geolocations, images, and audio recordings and receive videos to gain context and provide support to customers included in the application more familiar to them
  • Information regarding orders, deliveries, appointment reminders, payment processing and more on a platform your customers check multiple times per day
  • Event-based offers and alerts
Reach your customers where they already are with individually-tailored offers based on location, behavior, events (traffic, transport, discounts, proximity…) or urgent updates such as travel itinerary changes, system outages, location-targeted alerts…
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EVENT-DRIVEN INSURANCE

BANKING AND INSURANCE THAT ADAPTS TO YOU.
Deliver offers and policies unique to each customer and their wellbeing.

FROM DATA TO SOLUTIONS

• Move data usage from analytics and intelligence to automated actions
• Access and translate the wealth of data from IoT for your business.


INSTANT EVERYTHING

Event-based (‘parametric’) insurance is the best way to insure the uninsurable but it requires smarter data. Insurtech are exploiting a new market of on demand insurance (Travel, Flight protection, Smartphone, Tablet, Action cameras & Drones, Home appliance, Pets). Event-driven insurance represents a simple, new revenue streams for banks, too.

Parametric insurance risk is decreasing with time thanks to better risk hedging and data-driven predictive models. No loss adjusters plus automated underwriting and claims means reduced costs.
Uncertainty is reduced because risk is easier to predict on parameters and data is monitored constantly. A reduced premium boosts sales and new market penetration.

Our technology accurately captures, analyzes and impact behavior through artificial intelligence to deliver personalized financial protection.

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TARGETED INCENTIVE PLAN FOR INSURERS

A DIGITAL PLATFORM FOR INSURERS


Though some firms leveraging the ‘Internet of Things’ (IoT) are focused on the insurance industry – meaning that the data is collected in a format to be of use to insurers – most are not. Therefore, insurers will have to effectively plug into, access and translate this wealth of IoT data to gain the right level of information from a multitude of devices and industries to really capitalize on what IoT has to offer. This will ultimately enhance insurers’ decision-making processes. LIFEdata is a digital platform for Insurers. Our team works with you to design a branded and differentiated engagement process, specifically adapted to your specific business objectives, including e.g. health assessment, segmentation, personal recommendation and incentive system.

The Insurer sets a targeted incentive plan based on pay out/profitability. Digital checkups are smart, flexible algorithms that determine what to ask and what to say, to whom, and at what frequency.
Our technology accurately captures, analyzes and impact behavior through artificial intelligence to deliver personalized financial protection.

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MEMBER ENGAGEMENT FOR HEALTH & LIFE INSURERS

LIFEdata conversation engine enables your business to design engaging personalized conversations that help your members stay healthy enjoying quality of life and up to date with your latest products. LIFEdata data-driven programs are personalized based on a user’s continuous real time data collected from their smartphone, wearable/s or smart home sensor, giving your Insurance the ability to:

  • Leverage wearable and other sensor-based devices as tools to better engage with customers and more accurately underwrite risks based on real-time customer data
  • Make instant, on-demand personalized insurance a reality incentivizing risk-reducing behavioral patterns with rewards and automated behavioral reinforcement.


LIFEdata Health & Lifestyle programs encourage behavior change for a fraction of the cost of traditional health & wellbeing programs providing insurance member with an AI-powered virtual health coach to manage personalized nutrition and lifestyle.

HELP ME STAY HEALTHY

Help your customers live healthier to prevent chronic conditions before they shift to them generating higher costs.

GET SMARTER DATA

Understand how sleep and stress is influencing drivers, lifestyle and nutrition your customers to anticipate events and hedge risks.

REDUCE COSTS

Become an integral part of your customers’ life to get a constant data interaction to increase acquisition, adjust risk and reduce costs.

 

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Discover how AI can make Banking, Insurance and Financial Services More Friendly and Efficient

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