Intelligent CIO Europe Issue 16 | Page 64

CASE STUDY M oneyfarm is a digital wealth manager which helps people to protect and increase their wealth over time and was launched out of a belief that the wealth management industry was failing to cater for the needs of many. Guided by the principles that families should be able to invest their money simply and effectively, Moneyfarm created a service that gives people access to investment advice and high-quality products at a family- friendly cost. Regulated by the Financial Conduct Authority, it offers advice and discretionary investments to 30,000 customers in both Italy and the UK, with over £400 million assets under management. Offering a more human and secure communication to customers Despite being a digital-first business, being able to connect customers with human investment consultants lies at the heart of Moneyfarm’s business. “We want to simplify the process of investing and lower the barrier to entry,” said Stefano 64 INTELLIGENTCIO Giudici, Data and Integrations Product Manager at Moneyfarm. “While that means we can handle a lot of the initial stages digitally, when it comes to selecting a service and managing a portfolio, our customers need to have access to experts. “While our minimum investment is low compared to other wealth managers, for the people trusting us, it’s their personal savings so they need to know that our consultants are reliable. That means being able to get hold of them and speak to them when they need it, not wait for an email or a chatbot to respond.” In the early stages, simply having multiple telephone lines provided the access customers needed. However, as the business grew, this became more complex with limited ability to route calls quickly, struggles to connect mobiles with landlines, being unable to track calls and patchy line quality. On top of this, FCA regulations and the introduction of GDPR requires that all calls between customers and investment professionals have to be recorded and customers’ data handled and stored sensitively and securely. “It’s a part of business as you expand, so you outgrow the systems that helped you grow. If we wanted to continue offering our customers a high level of service, we needed a voice solution that could scale with us, giving us flexibility without being hugely expensive,” said Giudici. “At the same time, we needed a solution that would handle data within a framework that is compliant with all the regulations we are subject to, whether FCA or GDPR.” Why Natterbox To find that level of flexibility, combined with the ability to capture and hold sensitive data, Moneyfarm chose Natterbox to provide a voice solution for its frontline staff, in its CRM, sales and operations teams. The Natterbox solution allows Moneyfarm to automatically route customer calls to the relevant teams, ensuring that queries and issues are dealt with quickly and providing a consistently high level of customer service. With investment consultants travelling between offices quite often, Natterbox allows www.intelligentcio.com