How embedded Connectivity can boost Non-Interest Income for Financial Institutions

. [Virtual Presenter] Good morning everyone, We are here today to discuss how embedded connectivity can be used to increase non-interest income for Financial Institutions. This presentation will cover the ways technology can be used to create meaningful digital experiences that bring peace of mind to customers. Let's begin to explore this topic further..

. [Virtual Presenter] Growth of Non-Interest Income is essential for a Financial Institution to be successful. Over the last two decades, the sources of Non-Interest Income have changed, giving rise to the presence of Neo and Challenger banks, as well as other FinTechs. Such organisations have adopted a Digital-First approach, as well as providing customers with high-value products. Now, these organisations must identify ways to increase Non-Interest Income whilst remaining true to their mission..

[Audio] Embedded connectivity can help Financial Institutions manage their fundamental purpose while creating opportunity for non-interest income. Through digital models and a customer-centric approach, they can offer customers value and reliability without an intrusive sales approach. Digital solutions offer the potential for sustained growth and deeper engagement..

[Audio] Customers are constantly looking for more personalized and seamless digital experiences. eSIM technology and embedded connectivity can make this a reality, providing smarter, more efficient services with increased scalability. It also helps develop stronger customer relationships to drive value and competitive advantage. Additionally, embedded connectivity allows Financial Institutions to create new applications, services, and monetization opportunities to create non-interest income..

[Audio] eSIM has become an essential tool for financial institutions as technology and digital transformation continue to shape the banking industry. It provides customers with convenience and ease of access, and financial institutions with a new and incremental revenue stream. Authentication across payment platforms and mobile wallets is secure and reliable, reducing the threat of fraud and alleviating customer and business concerns. Banks are leveraging eSIMs to create a more seamless banking experience, deepen customer relationships, and benefit from the ever-expanding connectivity of the modern world..

[Audio] Incorporating embedded connectivity into services can bring great potential for financial institutions to increase their non-interest income. FinTech solutions allow Neo or Challenger banks to provide customers with a convenient, digital platform for banking services, giving them a chance to become the go-to connectivity provider for their customers and thus increase non-interest income..

[Audio] Financial institutions are now able to increase their non-interest income with the aid of embedded connectivity. Banks and telcos can partner to offer customers telecommunication products quickly and effortlessly. This eliminates the need for tedious paperwork and means customers can get to use their products much faster..

[Audio] Embedded Connectivity offers Financial Institutions the opportunity to increase their Non-Interest Income. Mobile plans can be provided without the need for additional credit checks or auto-enrollment, allowing customers to feel secure in their long-term financial stability. This builds customer trust and loyalty, further enabling NeoBanks to fortify their risk management capabilities and generate Non-Interest Income. An integrated solution allows for the quick and easy addition of this service to existing processes, offering the added value of embedded Connectivity..

[Audio] An eSIM based mobile product is a major advancement for financial institutions, presenting the chance to expand their portfolio and generate non-interest income. Banks can offer their customers mobile plans from multiple operators in their own or a sub brand name. An eSIM additionally improves KYC compliance and consumer behaviour analysis. With our HERO platform, financial institutions can enter this new market with minimal CAPEX and technology spend and launch in as little as 6 weeks. We also offer more flexible payment options for an easier start..

[Audio] Embedded connectivity is rapidly gaining recognition from financial institutions as a means of boosting non-interest income. HERO is the perfect tool for service providers to launch products and services with ease and efficiency. The reseller web portal gives resellers the capability to onboard, manage, and sell products and services, while providing service providers with the ability to observe their activities and KPIs. Through HERO's single web interface, users can quickly create, update, and control products, launch offers and discounts, and establish scheduled deployments on customer websites and mobile apps without the need for any major development or go-to-market timelines..

[Audio] Our Data Analytics dashboard from HERO provides invaluable insight – from app analytics to crash and error analytics, location information, network usage, traffic volumes, and device types. Our existing data capture techniques allow us to further understand data consumption, network performance, quality of service, location data, session and dwell times. We also offer geo-location tagging and device data tracking that helps track user location and the type of interactions they are performing. We have further complemented our Data Analytics module with telecoms related data for deeper insights into user’s physical location, travel habits, dwell times and more. This powerful data analysis tool can enable our financial institution clients to better understand their users and therefore, boost their non-interest income..

[Audio] Embedded connectivity brings many possibilities for financial institutions to generate non-interest income, from trade in programs, travel eSIMs and device purchase and leasing options to partnership with lifestyle services. There is a lot of potential for financial institutions to create customer-centric offerings..

[Audio] Embedded connectivity can be used by Financial Institutions to increase their non-interest income. The HERO platform from Mobilise Plus provides a complete SaaS solution and professional services to enable digital-first, user experience-focused products. It comprises of different modules that allow NeoBanks to quickly and cost-effectively deploy their own services or integrate 3rd party providers. Moreover, Mobilise Group supplies loyalty packages that include telco services, finance, banking, and insurance to build a single integrated banking/FinTech app. This in turn, enhances recharge/bill pay facilities, mobile connectivity, and auto payment. Mobilise Group offers consulting, evaluation, supplier selection and full deployment support throughout the project. To learn more about how we can assist your bank to add mobile services to your service portfolio, don't hesitate to contact us..