Press release

Digital Customer Assistant: FinReach and DKB launch "Herbie"

Berlin / Mainz, March 15, 2018. Soon-to-be available, Deutsche Kreditbank AG (DKB) will use a digital customer assistant based on artificial intelligence, who will accompany interested consumers online on their way to a private loan. "Herbie", which is now being tested in a pilot phase, was developed by the Berlin-based software service provider FinReach. FinReach CEO, Sascha Dewald, will present the functionality exclusively at a symposium in Mainz today.

Increased online interaction with the customer

"The special feature of Herbie is that he guides the course of the conversation based on specific questions presented to the customer and recognizes a relevant product interest in real time. This is different from the classic chatbots of today", says Dewald. "In the first stage of conversation, Herbie focuses on users who are interested in consumer credit or would like to receive more information on the topic. What was vital in the development of these dialogues was our close cooperation with DKB, with whom we have worked closely with in a partnership." In addition, the development team also made sure that visitors to the DKB website remain anonymous and that Herbie offers its dialogue in a discreet manner: The assistant appears at the bottom right of the screen, instead of being asked to take over large parts of the display like traditional chatbots.

"Herbie can be operated as intuitively as WhatsApp or Facebook Messenger," says Sascha Dewald. "In addition, he understands colloquial language and oversees mistakes in spelling and grammar." If the customer is satisfied with the quality of the information, Herbie forwards him directly into the application for a loan.

Opportunities in the digital environment

A study by the Gesellschaft für Konsumforschung (GfK) has shown that more than one in four loan interests on the internet are converted to complete application submissions, and the trend is rising. Mark Hauel, Head of Retail Banking at DKB, therefore sees great potential in Herbie: "More and more people are expecting their bank to provide intelligent digital services and increased interaction. Our new chatbot will initially be used on our personal loans, making it another digital building block in our response to this evolution." By combining artificial intelligence with the communication habits of today's consumers, the bank is increasing its online interaction with customers. "The experts from FinReach, together with us, have coached Herbie in recent months," says Mark Hauel. "We are happy that he is now ready to launch."

About DKB

Headquartered in Berlin, Deutsche Kreditbank AG (DKB) is one of the Top 20 banks in Germany with around 3,300 employees and total assets of € 75bn, more than 80 percent of DKB’s total assets are the form of loans. In retail banking, DKB is the second largest direct bank in Germany. For more than 15 years, it has offered its more than 3.6 million private clients the opportunity to conduct their daily banking transactions online. In times of digital change, DKB is making progress in innovation, for example, they have been working with non-banks and FinTechs since 2013. These include the FinTech FinReach, with which DKB has already successfully realized both a digital account and a digital securities account switch service for its customers.

About FinReach

FinReach is a software-as-a-service (SaaS) provider for banks with solutions to improve customer engagement and retention. FinReach thus helps banks digitize their business processes and customer interaction. In December 2015, the digital account switch service started as the first product together with DKB. Today, FinReach is the market leader in Germany, Austria and Spain. In 2016, the company, headquartered in Berlin, expanded its range of services and also now offers a fully digital custody account change. FinReach is headed by CEO, Sascha Dewald, and managing director, Csaba Tamas.

Press contact FinReach:

Ina Froehner

Head of Communications


Mobile: +4915128963679

Press contact DKB:

Dana Wachholz

Tel.: 030 12030-3610

Tobias Spaeing

Tel.: 030 12030-3605


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