---
title: Why The Pandemic is Driving Interest in Conversational Banking
language: en
page: blog/why-the-pandemic-is-driving-interest-in-conversational-banking
url: "https://spoki.com/en/blog/why-the-pandemic-is-driving-interest-in-conversational-banking"
generatedAt: "2026-03-19T05:22:08.232Z"
category: blog
author: Spoki
publishedAt: "2026-03-10T17:26:11"
version: 1.0.0
---

# Why The Pandemic is Driving Interest in Conversational Banking

**Author:** Spoki | **Published:** 3/10/2026

*The banking industry faced an unprecedented challenge when the world shut down. Suddenly, millions of customers needed to access services remotely,…*

---

## Why The Pandemic is Driving Interest in Conversational Banking

The banking industry faced an unprecedented challenge when the world shut down. Suddenly, millions of customers needed to access services remotely, straining traditional channels and highlighting a critical gap: the lack of immediate, personal digital communication. This shift accelerated the demand for **conversational banking**, pushing financial institutions to rethink how they connect with customers. The future is conversational on WhatsApp, and banks are quickly catching on.

### The Pandemic's Unprecedented Impact on Banking Needs

Before 2020, many banking interactions still relied heavily on physical branches, lengthy phone calls, or slow email exchanges. The pandemic instantly rendered these methods inadequate, forcing a rapid digital transformation. Customers, confined to their homes, needed instant answers, personalized support, and secure ways to manage their finances without ever stepping foot outside. This wasn't just about going digital; it was about bringing the human touch of a branch interaction into a completely virtual space.

Key shifts driven by the pandemic include:

- **Skyrocketing demand for digital self-service**: Simple inquiries that once required a branch visit now needed to be resolved online, quickly.

- **Increased urgency for real-time support**: Customers couldn't wait days for an email reply when they had urgent financial questions.

- **A heightened need for empathy and personalization**: Amidst uncertainty, generic, automated responses felt cold and unhelpful. People still matter in the age of AI, especially when dealing with personal finances.

- **Expansion of digital products and services**: Banks had to rapidly digitize offerings from loan applications to account opening.

These shifts exposed a fundamental truth: the traditional banking model was not built for a world where instant, personal, and empathetic digital conversations were the norm.

### Why Traditional Banking Fell Short in a Crisis

During the pandemic's peak, call centers were overwhelmed, wait times soared, and email inboxes overflowed. Customers grew frustrated with impersonal automated phone trees and generic responses that didn't address their specific, often complex, needs. This exposed the inherent limitations of channels designed for data management, not genuine customer engagement.

Consider the stark reality: while emails boast a mere 10% open rate, WhatsApp messages achieve an astounding 98% open rate. This isn't just a metric; it's a profound difference in how customers engage. Traditional Customer Relationship Management (CRM) systems, while excellent for organizing data, were not built to facilitate the kind of dynamic, real-time, two-way conversations that customers now demanded. They focused on transactions, not relationships.

This is precisely where the philosophy of moving **from CRM to CEM** (Customer Engagement Management) becomes critical. CEM platforms prioritize ongoing, meaningful interactions, allowing banks to build lasting connections rather than just processing requests. The pandemic didn't create this need, but it certainly accelerated its urgency, making the limitations of older systems painfully clear.

### Conversational Banking: The Solution for a Post-Pandemic World

**Conversational banking** is more than just having a chatbot; it's a holistic approach to customer interaction that leverages messaging platforms, AI, and automation to deliver personalized, instant, and secure financial services. It means customers can apply for a loan, check their balance, resolve a dispute, or even receive personalized financial advice, all within a familiar chat interface like WhatsApp.

This approach directly addresses the pandemic-driven demand for convenience, speed, and personalization. Imagine a customer needing to pause mortgage payments due to job loss. Instead of navigating a complex website or enduring a long phone call, they could simply message their bank on WhatsApp, explain their situation, and receive immediate, empathetic guidance, potentially even initiating the deferral process directly through the chat.

Spoki empowers banks to implement true **conversational banking**. Our platform integrates 19 AI features natively, allowing financial institutions to deploy AI agents that can understand context, answer complex queries, and even facilitate transactions 24/7. This means customers get the help they need, precisely when they need it, fostering trust and loyalty. Explore our powerful [AI features](https://spoki.com/en/artificial-intelligence) to see how.

### Spoki's Role in Revolutionizing Conversational Banking

Spoki is the Customer Engagement Management (CEM) platform built for the future of banking. We turn WhatsApp into a powerful channel for marketing, sales, and customer support, enabling banks to create more authentic, direct, and personal relationships.

Here’s how Spoki transforms **conversational banking**:

- **Official Meta Business Partner**: We are an Official Meta Business Partner, guaranteeing zero ban risk and ensuring your communication remains secure and compliant on WhatsApp Business API.

- **From CRM to CEM**: Unlike traditional CRMs, Spoki focuses on conversations, not just data. Our platform is designed to facilitate rich, two-way interactions that build lasting customer relationships.

- **AI Agents That Sell 24/7**: The smartest member of your team is ready to work. 24/7. Our integrated AI can handle inquiries, guide customers through processes, and even cross-sell products around the clock, improving efficiency and customer satisfaction. With [Spoki Voice](https://spoki.com/en/spoki-voice), you can even automate AI calls for proactive outreach.

- **Unmatched Engagement & ROI**: With a 98% WhatsApp open rate compared to email's 10%, your messages get seen. This translates directly to results, with our customers documenting a 23x ROI – for every euro invested, €23 in revenue generated. Calculate your potential returns with our [ROI calculator](https://spoki.com/en/roi-calculator).

- **Scalability and Flexibility**: Spoki offers unlimited operators, unlimited automations, and unlimited integrations. This means financial institutions can scale their conversational strategy without hidden costs or limitations, connecting with over [4,000+ platforms](https://spoki.com/en/features) seamlessly.

- **Dual Platform Advantage**: Use WhatsApp App + API simultaneously, ensuring flexibility whether you're a small branch or a large institution.

- **Multichannel Reach**: Beyond WhatsApp, Spoki supports SMS, Voice AI, Email, RCS, Instagram, and TikTok, creating a truly unified conversational strategy.

Consider a scenario: a customer applies for a personal loan. Spoki’s AI can instantly guide them through the application, answer FAQs about interest rates, request necessary documents, and even schedule a follow-up call with a human agent if needed, all within a single WhatsApp chat. This reduces friction, speeds up the process, and improves the customer experience dramatically.

### Real-World Conversational Banking Use Cases with Spoki

The versatility of **conversational banking** with Spoki allows financial institutions to address a wide array of customer needs, enhancing every stage of the customer journey. Explore more specific scenarios in our [use cases](https://spoki.com/en/use-cases) section.

Here are just a few practical examples:

**Automated Customer Support & FAQs:**

- **Scenario:** A customer needs to know their current account balance or reset their online banking password at 2 AM.

- **Spoki Solution:** An AI chatbot responds instantly on WhatsApp: "Hello [Customer Name], your current balance is €X. To reset your password, please visit [link]."

- **Benefit:** 24/7 instant support, reducing call center load and customer frustration.

**Proactive Alerts & Notifications:**

- **Scenario:** A customer's credit card has suspicious activity, or a payment is due soon.

- **Spoki Solution:** Automated WhatsApp message: "Alert: Unusual activity detected on your card ending in XXXX. Was this you? Reply YES/NO." Or "Reminder: Your credit card payment of €X is due on [Date]. Click here to pay: [Link]."

- **Benefit:** Enhanced security, reduced fraud, improved payment adherence, and peace of mind for customers.

**Personalized Product Recommendations & Sales:**

- **Scenario:** A customer has recently inquired about mortgages or has a savings account balance that could benefit from investment.

- **Spoki Solution:** AI-driven WhatsApp message: "Hi [Customer Name], based on your recent activity, you might be interested in our new flexible mortgage options. Would you like to learn more?" Or "Considering growing your savings? Our new high-yield investment fund could be a great fit. Reply 'INVEST' for details."

- **Benefit:** Targeted sales, increased cross-selling opportunities, and a more relevant customer experience.

**Streamlined Onboarding & Document Collection:**

- **Scenario:** A new customer is opening an account and needs to submit identification documents.

- **Spoki Solution:** WhatsApp message: "Welcome to [Bank Name], [Customer Name]! To complete your account setup, please upload a photo of your ID here: [Secure Link]. Our AI can guide you through the process."

- **Benefit:** Faster onboarding, reduced manual effort, and a smoother start for new customers.

These examples demonstrate how Spoki enables banks to sell automatically, satisfy their customers, and grow. With over 20,000+ businesses trusting Spoki, we understand the power of authentic, direct, and personal relationships.

### The Future is Conversational: Act Now

The pandemic irrevocably changed customer expectations, solidifying **conversational banking** as not just a luxury, but a necessity. Customers demand instant, personalized, and empathetic interactions, and they expect to have them on the channels they already use every day. Banks that embrace this shift are not just adapting; they are thriving, building stronger relationships, and driving significant revenue.

Spoki provides the complete Customer Engagement Management platform to make this transformation a reality. We help millions of businesses create more authentic, direct, and personal relationships with their customers, building lasting and valuable connections through the power of conversational messaging. Stop missing out on 98% open rates and start connecting where your customers are.

Ready to revolutionize your banking customer engagement? **Start free** with Spoki today and experience the future of conversational banking. Book a demo or register your account to begin.
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