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SMS for Banks and Insurance Companies

Mobile marketing via SMS can be useful for a variety of financial services, such as: Share management. Debt collection. Mortgages. Insurance. Loans. Banking and so on. In this sector, time really is money, and often information has to

be sent urgently according to fluctuations in the market. SMS Banking and SMS Insurance are ideal for being sent to large

databases of clients' mobile numbers (bulk SMS), in just one, simple step, reaching all of them simultaneously.

It's fast, and cost-effective too.

Send text alerts to customers of banks and insurance companies

Increase sales:Brokers and financial agencies can carry out promo-publicity campaigns on databases, in which they offer contact/follow-up with a financial consultant, and send out up-to-the-minute information to their customers through SMS Finance. Insurance firms/agencies can remind their customers of the expiry dates of their policies. Improve customer service:Notify customers of the progress of their applications (e.g. mortgages, loans) and details of transactions made in real time with text alerts (credit card payments, bank transfers), or allow them to request information (current account balance, etc.) Insurance firms can keep their clients updated on damage compensation through text alerts. Generate new contacts:A dedicated mobile number that's publicized on posters and publicity materials in the branch can be used to generate further contacts from people who'd prefer not to receive phone calls but don't mind getting news and updates via SMS. Sending photos:Insurance companies can receive photographs of accidents sent directly by their clients requesting damages. Photos taken at the site of the accident arrive directly to the systems of the company's claims department.

How can financial services Companies benefit from SMS mobile marketing?

Changes in policy affecting the consumer, e.g. Interest rate. Communication about major event, e.g. Branch opening. Daily/Weekly reminders of account balances. Monthly status of reward points. Reminder of EMI payments, Bill payments. Send monthly applicable Bank charges. Balance below a specified limit. Salary credit/ Cheque deposit in the bank. Credit limit exceeded. Cheque bounce alert. Enquire account balance. Report lost/stolen card. Issue stop payment notice. Enquire loan/credit status. Enquire exchange rates. Order cheque book.

The banks can use SMS services for the following

The Insurance Companies can use SMS services for the following

Send information about latest product launches. Premium Reminder. Payment confirmation. Birthday greetings. Anniversary greetings. Short Codes for getting more information about the products. Lead generations by sending referral SMS. Agent / Advisor Management.

Cost Effective:Mobile messaging helps provide value added services at a marginal cost. Targeted:Specific message are conveyed based on the customer profile. Anywhere / Anytime:Mobile is almost always with the customer. Personal:Highly effective as communication to an individual. Automated:Automatic relay of critical information.

Why Mobile Messaging becomes crucial in Banking and Financial Services?

Wegus InfoTech Private LimitedBangalore, India.

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