banking UK
Mortgages
Remortgages
Commercial
Apply online
Contact
  FINANCIAL NEWS
  2004
 
Virgin Insurance
Abbey Rates
Downpayment Solutions
Mortgage Info 04/2004
First Direct Top 50
FSA Treasury Report
GATSO Insurance
Savers Report
Pegasus Opera 2
Bt Wins Banker Award
Silver Surfers Online
Britons Financial Prime
Uk's Hidden Debt
Card Thieves
NSI Savings Bonds
RBS Student Account
Interest Rate Overview
   
2003
 
Abbey Jargon Survey
Housing Overview
   
2002
 
Equifax Gets Online
   
   

 

BT a winner at the Banker Technology Awards 2004

 

BT Exact's innovative online multimedia application wins Online Services Solution of the Year Award

BT's research, technology and IT operations division, BT Exact, today announced that it has won the Online Service Solution of the Year Award at The Banker Technology Awards 2004 for its online customer relationship management (CRM) tool 'Ask Avril'.

Originally designed by BT Exact's Radical Multimedia Lab for Newcastle Building Society, Ask Avril is an online multimedia virtual character, or avatar, that is used on web sites to represent a human being.

The Banker Technology Awards recognise best of breed, innovation and success in financial technology, highlighting vendors who have made a real contribution to advancing shareholder value and customer service within financial institutions over the past 12 months. Through its avatar technology, BT has created an award-winning match for these criteria.

The Ask Avril character presents a friendly face that greets the Newcastle Building Society's web site customers, asks how it can be of assistance and provides verbal answers to the web site's frequently asked questions. For the Society the technology has been used to improve its online customer service for its Offset Mortgage product.

Peter Richards, head of marketing for the finance sector, BT Retail, said:" The 'Ask Avril' concept is a new principle in electronic CRM and had not been tried by a building society before. Customers of Newcastle Building Society are now able to interact electronically with a friendly face, perhaps even a face that they will recognise from their local branch. The solution has already proved to be a success, and a recent satisfaction survey found that 51 per cent of users thought that 'Ask Avril' was better than normal text pages, and 60 per cent were happy with the speed of operation. As a result, Newcastle Building Society is now planning to introduce more virtual characters across its web sites."

Colin Greaves, general manager at Newcastle Building Society, added: "Offset mortgages are relatively new and we decided one of the best ways to help our online customers understand the concept was to provide a virtual assistant. Instead of trawling through the text customers can opt to ask Avril as if they were speaking to a real person. It may not be for everyone, but many do appreciate the interactive approach. Ask Avril was also based on an actual member of staff, which makes it all the more real."

David Butcher, BT Exact's managing director for customer management said: "We are delighted that BT Exact has been recognised by The Banker Technology Awards. 'Ask Avril' is BT's first financial services customer using avatars as customer service agents, and winning the Online Services Solution of the Year is a testament to BT Exact's commitment to innovation and technological development."

For more information about BT Exact, please go to www.bt.com/btexact

Source: Bt

june 17th 2004

Bt wins banking technology awards image