Rockland Belief – Impartial Banker

When Rockland Belief synced up with an ICBA ThinkTECH Accelerator grad to launch a digital digital banking platform, it took relationships between the group financial institution and its prospects to an entire new degree.

By Colleen Morrison

For Rockland Belief, a $20 billion-asset group financial institution in Rockland, Mass., strengthening digital financial institution interactions has been a precedence, however find out how to do it whereas supporting the client relationship proved to be a problem. The financial institution linked with ICBA ThinkTECH Accelerator alum Agent IQ, and that collaboration opened the door to a customized resolution, fittingly named YourBanker.

“The most important problem for patrons is the power to have that single level of contact who’s there to assist with no matter they want,” says Patrick Myron, senior vice chairman of retail community technique and gross sales analytics at Rockland Belief. “With YourBanker, they will choose that banker and both begin a brand new relationship or prolong the one they have already got.”

YourBanker is housed inside the group financial institution’s on-line and cell platforms, permitting prospects to attach straight with a Rockland Belief crew member from a carousel of “playing cards.” Clients can even select from a sequence of playing cards containing a banker’s title, title, areas of experience and a enjoyable reality to start out up a brand new relationship.

The connection occurs through a digital strategy not dissimilar to textual content messaging. Time-sensitive issues are directed to probably the most applicable subsequent motion. “When their banker shouldn’t be out there, however they’ve an possibility to speak to another person on a non-urgent concern, prospects choose to attend for his or her major banker,” says Slaven Bilac, CEO and co-founder of Agent IQ. “In truth, 75% to 85% worth speaking to an individual they know and have an ongoing relationship with.”

With a want for private connections in thoughts, Rockland Belief and Agent IQ see YourBanker as a method to facilitate digital relationship banking.

Patrick Myron: Neighborhood bankers are actually good at face-to-face relationships, however even pre-COVID, prospects weren’t coming in [to branches] as a lot as they used to. We needed a option to create that very same sort of relationship, however digitally … and that is the software to bridge the hole between the bodily department and the digital.

Slaven Bilac: We imagine group banks actually differentiate on the standard of service and the high-touch private relationship. Collaborating with us, they will take these key providers into the digital area.

The Rockland Belief crew needed to leverage the familiarity, security and safety of their on-line and cell banking options.

Myron: We needed to combine with our current infrastructure. That means, the consumer is authenticated, logged in and validated in a safe surroundings. Plus, the client is already accustomed to the interface. So, our cell app supplier labored with Agent IQ and its software program improvement package to make it occur, and we have been the primary financial institution within the nation to combine this product into our on-line banking and cell app.

Bilac: Lynq by Agent IQ is the product behind YourBanker, and it’s configurable to permit Rockland Belief to offer its tone of voice and buyer journeys. YourBanker is now a menu possibility within the financial institution’s on-line banking and cell app. When the client clicks on the icon, they’re linked to code that we host, however they obtain service from Rockland Belief staff.

Forty p.c of all digital banking prospects now use YourBanker and, with the assistance of Agent IQ, continues to remodel the way in which prospects have interaction with the financial institution.

Bilac: Early on, we agreed to an agile strategy to ensure Rockland Belief’s prospects have the very best expertise. We now have continued offering biweekly releases, new code, enhancements and options that Rockland Belief can apply at its discretion. For instance, we’ve added video calling, co-browsing and inline translation into greater than 100 languages.

Myron: We now have video on our product roadmap. It could be nice to have a YourBanker dialogue and say, “I’ve the power to implement video; would you want to speak nose to nose?” Innovation has to repeatedly add worth. So, we monitor what’s working and never and find out how to change as we transfer ahead. The entire purpose is to make our prospects’ lives simpler.

Colleen Morrison is a author in Maryland.