Technology Category
- Analytics & Modeling - Real Time Analytics
- Networks & Connectivity - 5G
Applicable Industries
- Consumer Goods
- Retail
Applicable Functions
- Product Research & Development
- Quality Assurance
Use Cases
- Inventory Management
- Real-Time Location System (RTLS)
Services
- System Integration
About The Customer
Angel Broking is a financial services company established in 1987, with its headquarters in Mumbai. The company provides broking and advisory services, margin funding, loans against shares, and financial products. As of June 30, 2020, Angel Broking is one of the largest retail broking houses in India in terms of active clients on the National Stock Exchange of India (NSE), according to a CRISIL Report. The firm was looking to digitize its offering and appeal to tech-savvy individuals who are new to stock trading and looking to start their trading journey.
The Challenge
Angel Broking, one of the largest retail broking houses in India, was faced with the challenge of digitizing its offerings to appeal to tech-savvy individuals who are new to stock trading. The firm aimed to provide a convenient, easy-to-use platform for these digital natives to start their trading journey. The desired platform needed to offer a two-way, real-time digital messaging solution that would allow customers to onboard conveniently, trade easily, and resolve their queries quickly. The channel also needed to provide easy onboarding, ease of use for accessing educational resources, real-time communication for faster service updates, two-way communication for interactive and automated customer engagement, reliable service, fast connections between customers and an authorized person, and the use of rich media for superior customer experiences.
The Solution
Angel Broking identified WhatsApp Business as the ideal channel for achieving its objectives, given its fast growth and wide adoption in India. Powered by Infobip, WhatsApp Business offered easy opt-in and onboarding, fast and secure two-way communication, real-time security alerts and service notifications, one-on-one support, and media message templates for automated rich notifications. After a brief discovery phase, a customized WhatsApp Business solution was designed to meet Angel Broking's specific requirements and use cases. These included facilitating key activities such as customer onboarding with automated welcome messages, informing and educating customers with access to online and downloadable content, enabling stock trading with personalized advice, and providing customer support with real-time, one-on-one support across their onboarding, learning, and trading activities.
Operational Impact
Quantitative Benefit
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