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Consumer demand driving advancements in financial services

PK

Technology-driven solutions have transformed banking and finance over the past few years. Modern fintech initiatives are challenged to balance innovation with security and costs while delivering high-performance products and services. Legacy financial companies are finally starting to realize the value of investing in fintech.

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Four Key Considerations for Adopting AI for Debt Collection

Interactions

Automation and artificial intelligence (AI) are making significant changes to the way the financial services industry handles consumer credit. And sometimes it can be just a lack of experience with financial planning. Likewise, collection agents have the unique challenge of bearing the emotional burden of collection calls.

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Thriving Amidst Rapid Change: Conversational AI and Collections

Interactions

In the latest Financial Hardship report, TransUnion cites that over 58% of US consumers have been financially impacted by COVID-19. People are worried about their financial future, and their reaction will likely result in even more debt and delinquency. . Collections agents will feel the effects of this increase in volume.

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Thriving Amidst Rapid Change: Conversational AI and Collections

Interactions

In the latest Financial Hardship report, TransUnion cites that over 58% of US consumers have been financially impacted by COVID-19. People are worried about their financial future, and their reaction will likely result in even more debt and delinquency. . Collections agents will feel the effects of this increase in volume.

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Four Key Considerations for Adopting AI for Debt Collection

Interactions

Automation and artificial intelligence (AI) are making significant changes to the way the financial services industry handles consumer credit. And sometimes it can be just a lack of experience with financial planning. Likewise, collection agents have the unique challenge of bearing the emotional burden of collection calls.

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The Future of Intelligent Decision Support Systems in Contact Centers

TechSee

Agents performance is closely monitored, and their actions have business and financial implications, such as dropping a sale, dispatching a technician unnecessarily, losing a customer, or worse, setting off a social media backlash over a bad experience. In customer service, it helps the IDSS see the problem, as a virtual agent.

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How To Monetize Open Finance: Monetize Value, Price The Use Case

Forrester's Customer Insights

Open finance is driven not by regulators, but by technologies like open APIs. This is steadily changing distribution patterns within the industry towards embedded finance – a world of connectivity, financial services meeting the needs of customers in the moment, in cars, in virtual agents, in shopping apps, in online marketplaces.