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Consumer demand driving advancements in financial services

PK

Modern fintech initiatives are challenged to balance innovation with security and costs while delivering high-performance products and services. Experts project that the financial services sector will spend over $300 billion on IT products and services through 2020 as firms invest in technology to advance their digital transformation efforts.

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Unlocking Customer Experience Potential with Avaya Experience Platform (AXP)

CSM Magazine

From healthcare to financial services, gaming, retail, and insurance, we’ve seen firsthand how AXP empowers organisations to transform their customer experience (CX) operations. One of our flagship projects in that time was in supporting a large European savings and pensions provider with over 2.3 What about existing Avaya customers?

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Waterfield Tech Research: Customer Experience Leaders Lag Significantly in Deploying Conversational AI

CSM Magazine

“With AI, and specifically conversational AI, businesses can quickly and effectively address contact center staffing shortages and lower costs by enabling value-driven self-service that reduces the volume of human agent interactions. When asked, “What is the most important task a virtual agent can accomplish for your business?”

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Four Key Considerations for Adopting AI for Debt Collection

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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.

article thumbnail

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.