Friday, February 08, 2008

Fund/Bank: DBS Bank puts money on Asian fragrancing and music styling soln

Singapore, (ANTARA News/Xinhua-PRNewswire-AsiaNet) - To impart a more "Asian" brand supporting a recent strategic brand repositioning, DBS Bank has introduced a fragrancing and music styling solution developed by environmental brand consultant Equal Strategy. The solution will initially run as a pilot scheme in DBS Bank's Shenton Way Branch, Singapore.

DBS Bank had taken the decision to emotionally communicate the brand's Asian heritage and specialisation as part of its overall brand positioning.

The Bank's Shenton Way Branch was recently renovated to reflect a distinctly Asian aspect -- table corners are curved to represent Asian warmth rather than the cold "right angles" characteristic of western designs. Instead a bi-sensory Asian experience, the branch now incorporates a quad/Quattro-sensory approach.

To complement the Asian theme, Equal Strategy proposed an integrated approach which embraced both fragrance and music styling. An Asian themed fragrance was selected together with a remotely managed play list of music with subtle Asian elements to suit both the time and day of the week.

The environmental branding solution achieved two key objectives simultaneously -- to reinforce the DBS brand image and to create the right environment and set the mood for DBS customers. The main priority was to turn the archetypically passive customer experience of being in a bank into both a pleasurable and memorable one.

The pilot service by Equal Strategy will run for a period of 3 months. The fragrancing and music styling (otherwise known as Location Media Management) have been installed on the first floor (at the bank entrance) and also at the main banking hall in basement 1.

The fragrance recommended for DBS by Faure-Field was Ginger Flower, a floral fragrance with top notes of ginger flower, green floral and citrus, middle notes of jasmine, violet, rose and muguet (Lilly of the Valley), and a vanilla bottom note.

Said Simon A. Faure-Field, CEO of Equal Strategy, "Banks have begun looking beyond simply products and service to differentiate themselves, they are now exploring ways to make the actual experience of banking pleasurable for their customers. What DBS has succeeded in doing through this pilot scheme at their Shenton Way branch is to show that time spent waiting for service or attention can be pleasant and enjoyable rather than a necessary chore."

"At the same time our choice of both music and scent serves to reinforce the brand proposition of DBS Bank which is of a distinctly Asian flavour, so strategic objectives are also met as well" said Mr. Faure-Field.

Equal Strategy has consulted numerous retail brands and hotel chains including OCBC Malaysia, Courts Singapore, Mercedes-Benz, Westin Hotels, Starwood Hotels and Pan
Pacific.

Since 1999, Mr Faure-Field has been the only consultant in Asia specializing in combining music with fragrance to synergise a consistent brand experience for customers. His work is grounded in behavioural science research and draws extensively upon research into the effects of background music and atmosphere on retail environments.

For more information: http://www.equalstrategy.com

About Equal Strategy

Equal Strategy delivers "music", "fragrance" and "recorded telephone messages" to businesses in a scientific way that enhances the overall customer experience of the brand and causes the customer to stay longer and buy more! Equal Strategy is the only company in Asia that specialises in deploying "music" and "fragrance" solutions to business where the two senses are stimulated in synergy with each other. Sound and smell deliver stimuli directly to the memory centres of the brain, influencing behaviour and creating suggestion at both the conscious and unconscious levels.

Decades of behavioural research into the habits of consumers has found that "consumer arousal" can be either stimulated or suppressed through the use of mood settings like music and fragrance.

About DBS Bank

DBS Bank is part of DBS Group Holdings Ltd. DBS has the largest retail network in Singapore with 83 branches island wide. It is also the fourth largest bank in Hong Kong. Other branches are located in key Asian markets like Hong-Kong, Indonesia, China and India. DBS bank has access to 5 million customers in the region.

Contact:
Danny Chaplin
Tel: +65-6256-5100
Email: danny.chaplin@chaplinpr.com
SOURCE: Equal Strategy

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