ICICI Bank

Customer data yields dividends at ICICI

Customer focus. Cross-selling. One-to-one marketing. Are these just customer relationship management buzzwords? Not to ICICI Bank, India's largest private bank. ICICI's management truly believes in customer focus, in seeing each customer's complete financial picture. It also is determined to stay ahead of the competition by integrating and analyzing customer data using the latest in data warehousing technology.

Even with 10 million customers, ICICI can bring every household into focus, creating a clear picture of each customer's accounts and needs. By strategizing with this customer perspective, ICICI is poised to satisfy more customers, one at a time

 "Teradata has helped ICICI understand the behavioral and financial profiles of our customers. ICICI has leveraged this understanding to effectively target specific customer segments with relevant offers and communication."

Anup Bagchi, ICICI Deputy General Manager

ICICI Bank considered various data warehousing and customer relationship management (CRM) solutions. Based on worldwide industry experience, Teradata emerged as the foremost solution. According to ICICI management, Teradata was chosen because of its proven leadership in the data warehousing space and more so due to the successes in the financial services vertical.

The initial implementation of an enterprise data warehouse from Teradata allowed ICICI to analyze its customer database, which includes information from separate operational systems including retail banking, bonds, fixed deposits, credit cards, and more.

Teradata shared globally accepted templates to help in analysis and evaluation, and brought in consultants with several years of experience in global markets to guide the project.

 

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Discover why ICICI Bank chose Teradata Customer Relationship Management to understand the needs of more than 10 million customers at 364 branches and a network of 1,050 ATM's.

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