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Canadian Western Bank

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CWB Financial Group to implement FICANEX AI-powered chatbot solution

Canada NewsWire

tunl.chat to enable conversational banking for a majority of online interactions with existing and potential clients, around the clock

EDMONTON, Feb. 13, 2020 /CNW/ - CWB Financial Group (TSX: CWB) is pleased to announce it will work with FICANEX to implement tunl.chat, an AI-powered conversational banking tool that will enhance CWB's digital client experience. With the ability to answer more than 70 per cent of online inquiries, 24/7, tunl.chat will enable CWB's clients and other online shoppers to get the information they're looking for where and when they want it, directly from their smart phone or computer. Access to extensive data analytics will also help identify opportunities to improve the client experience.

CWB Financial Group (CNW Group/CWB Financial Group)

In addition to creating a more seamless customer experience, tunl.chat will empower CWB's employees to spend more time on high-value interactions while decreasing customer churn and wait times. Clients will be able to conduct daily banking activities, including balance inquiries and account-to-account money transfer directly via the chat bot. tunl.chat runs on the existing payment technology that supports THE EXCHANGE® Network's surcharge-free national ATM network, also owned and operated by FICANEX and of which CWB is a proud member. With the added ability to connect directly with CWB employees by phone or in-person, users can rest assured that they will always get the help they need in the way that works for them.

"We are excited to work with FICANEX to bring tunl.chat to life for our banking brands, Canadian Western Bank and Motive Financial," says Christina Mullin, CWB's Vice President of Digital and Alternative Channels. "We anticipate that tunl.chat will have a very positive impact on our ability to best support our clients as we continue to build an exceptional client experience across our channels."

"We are thrilled that CWB Financial Group will be the first bank to implement tunl.chat and take advantage of this very strategic digital channel to improve customer communications," said Andrew Obee, President & CEO of FICANEX. "Our experience with other tunl.chat implementations has allowed us to create a very robust AI-powered chatbot that will enable fully automated anywhere and anytime conversations between CWB and their customers and potential customers alike," added Mr. Obee.

About FICANEX

FICANEX consists of FICANEX Services Limited Partnership which owns and operates THE EXCHANGE Network; Canada's largest surcharge-free ATM network, and FICANEX Technology Limited Partnership which developed and supports the tunl. technology platform; providing next-generation digital services for over 170 financial institutions across Canada, allowing them to effectively compete in the digital era of financial services.

For more information, visit www.ficanex.ca.

About CWB Financial Group

CWB Financial Group is a diversified financial services organization providing proactive business and personal banking, trust and wealth management across Canada. H­eadquartered in Edmonton, Alberta, we've offered customized financi­al solutions for over 35 years and operate with a clear focus on meeting the unique financial needs of business owners. We're obsessed with providing the right banking, lending and investment solutions for our clients – by asking the right questions, sharing our industry and financial services expertise, and genuinely believing that great relationships get results.

As a public company on the Toronto Stock Exchange (TSX), CWB trades under the symbols "CWB" (common shares), "CWB.PR.B" (Series 5 Preferred Shares), "CWB.PR.C" (Series 7 Preferred Shares) and "CWB.PR.D" (Series 9 Preferred Shares).

Learn more at www.cwb.com.

tunl.chat. Provided by FICANEX Group of Companies (CNW Group/CWB Financial Group)

Ficanex. Provided by FICANEX Group of Companies (CNW Group/CWB Financial Group)

SOURCE CWB Financial Group

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2020/13/c5572.html

Media Contacts: Andrew Obee, President & CEO, FICANEX, Tel: 289-242-1472, Email: andrew.obee@ficanex.ca; Michael Barr, Chief Customer Officer, Tel: 905-864-5992, Email: michael.barr@ficanex.ca; Angela Saveraux, CWB Financial Group, Tel: 780-441-2257, Email: angela.saveraux@cwbank.comCopyright CNW Group 2020

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