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Case Study

How Xerago Delivered a 17% Increase in Customer Acquisition and 21% Higher Engagement for a Leading MENA Bank

Industry : Banking and Financial Services|Service : Personalization and Experimentation|Technology : Google Analytics | Drupal

Tackling Engagement Challenges in MENA Banking

A popular bank based in Bahrain, with a robust presence across the Middle East and North Africa, sought to enhance its digital onboarding campaigns. Renowned for its diverse offerings such as retail banking, corporate banking, wealth management, and banking solutions, the bank was committed to providing seamless financial services through traditional and digital channels.

The challenge? Engaging a diverse customer base, simplifying the onboarding process, and driving customer acquisition and engagement. Xerago partnered with the bank to design innovative digital campaigns that not only reached their objectives but exceeded expectations.

Tackling Engagement Challenges in MENA Banking

Key Highlights:

  • Achieved significant growth in customer acquisition through targeted campaigns.
  • Enhanced engagement across digital channels, leading to better customer retention.
  • Streamlined the onboarding process, reducing friction and improving efficiency.
  • Improved campaign conversion rates, maximizing ROI.
17% Increase
in Customer Acquisition
21% Higher
Engagement Across Digital Channels
25% Improvement in
Campaign Conversion Rates

Challenge

The bank faced several challenges that required a tailored solution:

  • Reaching diverse customer segments with relevant messaging.
  • Ensuring high engagement rates to retain existing customers and attract new ones.
  • Adapting campaign strategies dynamically based on real-time feedback and data insights.
To address these hurdles, the bank aimed to:
  • Streamline the digital onboarding process for new and existing customers.
  • Enhance customer engagement through personalized campaigns.
  • Align marketing efforts with the overall brand strategy to ensure consistency.

Solution

Xerago implemented a comprehensive strategy leveraging Acquigo, our very own campaign management platform, and expertise in customer journey development and campaign management.

Expanding Reach Through Multi-Channel Campaigns
  • Deployed campaigns across email, social media, and online advertising to connect with a broad audience.
  • Delivered tailored messaging to resonate deeply with distinct customer segments.
Designing Journeys for Maximum Engagement
  • Crafted digital onboarding experiences that prioritized key customer milestones like profile setup and card activation.
  • Introduced interactive content to create a seamless and engaging user experience.
Driving Success with Real-Time Insights
  • Monitored campaign performance using advanced analytics to track key metrics like engagement and conversions.
  • Adapted strategies instantly based on data-driven feedback to enhance effectiveness.
Building Synergy Through Collaboration
  • Worked closely with the bank’s marketing team to align campaigns with overarching brand goals.
  • Offered ongoing support to ensure sustained campaign momentum and customer satisfaction.

The Outcome

Xerago’s personalized content delivery approach enabled measurable success for the bank, achieving the following key outcomes:

Key benefits included:
Launched targeted campaigns that brought a 17% Increase in Customer Acquisition
Personalized content, enabling 21% Higher Engagement Across Digital Channels
Simplified processes, facilitating 17% Faster Customer Onboarding

Xerago’s innovative solutions transformed the bank’s digital onboarding process, resulting in smarter customer acquisition strategies, higher engagement rates, and seamless operations.

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