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exagens and Desjardins Leverage Behavioral Banking to Boost Financial Wellness

April 12, 2023
in DeFi
Reading Time: 2 mins read
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Behavioral banking options supplier exagens introduced its fourth consecutive multi-year settlement with Desjardins.

Desjardins has leveraged its relationship with exagens to carry the advantages of behavioral banking to its members.

Exagens made its Finovate debut at FinovateSpring 2018. The corporate is predicated in Montreal, Canada.

Behavioral banking options supplier exagens has renewed vows with credit score union Desjardins. The 2 entities introduced their fourth consecutive multi-year settlement this week. The information affirms a bond that extends again to 2015.

“All through our longstanding partnership, exagens has labored with Desjardins to handle challenges like bettering the monetary wellness of their members, up-selling, cross-selling, decreasing name middle quantity, and rising digital engagement,” exagens President and CEO Michael Stojda mentioned. “This most up-to-date renewal once more confirms our steadfast give attention to community-based monetary establishments, the sturdy relationship we’ve constructed with Desjardins and the continuing worth collectively we’ve offered to each Desjardins and their members over the previous 8 years. We look ahead to this thrilling new chapter in our partnership.”

Desjardins is the most important credit score union group in North America, with property of greater than $407 billion. Courtesy of its partnership with exagens, Desjardins has offered its members with contextual, customized insights into their monetary lives. The credit score union’s Assistant AccèsD answer leverages exagens’ behavioral banking know-how to proactively interact members throughout the whole digital banking expertise. This degree of engagement helps members save, spend, borrow, and spend money on accordance with their targets. Since embarking on its partnership with exagens, Desjardins has seen 3.4x extra financial savings per 12 months per member, elevated digital engagement, and decreased operational prices.

Extra lately, Desjardins has leveraged its relationship with exagens to handle points starting from speedy deposit progress to the challenges of the COVID pandemic. Proactive engagement with members, in accordance with Desjardins, additionally has helped considerably scale back name middle volumes.

Based in 2013, exagens is headquartered in Montreal, Quebec, Canada. The corporate made its Finovate debut in 2018 at FinovateSpring. Exagens and its options have earned recognition and obtained business awards from EFMA, Celero, and OCTAS. Exagens was named a Cool Vendor in Banking by Gartner in 2019.

Picture by Thanh LY

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Tags: BankingBehavioralBoostDesjardinsexagensFinancialLeverageWellness
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