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Bots and AI for the finance sector

New challenges in digital banking and MGE solutions
The banking sector is experiencing a moment characterized by a twofold challenge: new competitors with a full digital approach are undermining the positions of traditional players, at the same time the customer has drastically changed his habits, no longer accepting to queue at the counter but wanting to contact his institution at the time and in the manner most congenial to him, often through digital touch points and even during non-working hours.
Add to this the growing need for the bank to curb costs related to customer care services, with the aim of devoting operators' time toward higher value-added activities, such as commercial action to promote products and services.
|| What are the possible responses to these increasingly pressing demands?
MGE proposes a strategy to enable efficient service delivery, not just customer care, that can combine the potential of AI with the human touch of operators where this is actually necessary and appropriate based on the specific need of the customer.
In particular, we are talking about chatbots and voicebots that, if well constructed and trained, can drastically reduce the number of human resources dedicated to the contact center.
|| Bots can be developed on different communication channels including the 2 most widely used instant messaging applications in the world, namely WhatsApp and Telegram, also one can make them available on the site's web chat or voice channel in the form of voicebot.
We can develop different types of bots, depending on the complexity and level of service that the bank aims to offer its customers, suggesting appropriate strategies that experience in the field has shown to be successful, both to get the customer used to using this self-service channel and to reduce the engagement of human operators.
It is possible to create bots that feature guided options by showing the client multiple-choice buttons, lists or interactive maps from which to choose the desired option, up to more advanced solutions that use advanced tools such asNLP (Natural Language Processing) and other AI (Artificial Intelligence) applications. Another advantage not to be underestimated, bots are easily integrated via API with the systems already used by the bank, whether it is the CRM or other intranet applications.