Meet 11 of the Most Interesting Chatbots in Banking

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With consumer expectations increasing, the use of artificial intelligence, machine learning and chatbots in banking is also increasing. Banks and credit unions worldwide are testing new applications and deploying new solutions to improve the overall digital customer experience. Subscribe to The Financial Brand via email for FREE!More and more banking organizations are leveraging artificial intelligence to launch chatbot solutions, reducing costs and serving increasingly tech-savvy consumers. In many instances, chatbots are developed to facilitate two-way communication, replacing channels such as phone, email or text. The objective is to provide quick service and transactional support.


How to Make Conversational AI Smarter

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Businesses can now use conversational AI to automate customer-facing touchpoints everywhere -- on social media platforms like Facebook and Twitter, on their website, their app or on voice assistant devices. Industry giants like Apple, Amazon, Baidu, Facebook, Google, IBM and Microsoft are investing large resources to drive AI progress. And though it's still relatively new among enterprises, by 2021 Gartner predicts 25% of enterprises across the globe will have a virtual assistant to handle support issues. If your organization is not yet familiar with conversational artificial intelligence, it is a set of technologies that enable computers to simulate real conversations. According to Georgia Partners, conversational AI refers to the use of messaging apps, speech-based assistants and chatbots to automate communication and create personalized customer experiences at scale.


Erica, Eno, Aida and 8 More Interesting Chatbots in Banking

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With consumer expectations increasing, the use of artificial intelligence, machine learning and chatbots in banking is also increasing. Banks and credit unions worldwide are testing new applications and deploying new solutions to improve the overall digital customer experience. Subscribe to The Financial Brand via email for FREE!More and more banking organizations are leveraging artificial intelligence to launch chatbot solutions, reducing costs and serving increasingly tech-savvy consumers. In many instances, chatbots are developed to facilitate two-way communication, replacing channels such as phone, email or text. The objective is to provide quick service and transactional support.


Enterprise Bots -- Digital Transformation Future Is Here

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Interacting with internet in the 21st century is like communicating with any customer service representative in the form of chat bubble and these are not real people. Generally, these are enterprise chatbot. Enterprise chatbot adoption has reached exponential and the reality is that its capabilities, possibilities are all set to show wonders. Various functions for chatbots from enterprise businesses which gained from adopting chatbots are constantly coming up. Superpowered by natural language processing (NLP), chatbots help in enabling conversations between humans and computers in everyday business interactions.


Chatbots evolve from greeting tool to customer service must-have

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Chatbots were simple in the beginning, often limited to web browser pop-ups that could only send straightforward greetings like "Hi, how are you?" to website visitors. Because of AI and cloud technology, chatbots are no longer just a nice-to-have greeting tool, but a key element in fostering a more engaging customer experience for businesses across every industry. By tapping into deep learning technologies, these tools learn, converse, and understand the world similarly to the way humans do, making customer service simpler and more efficient. Consumers are encountering these technologies more frequently -- according to Gartner, by 2018, 30 percent of our interactions with new technologies will be through "conversations" with smart machines. Chatbots can be found everywhere, helping customers with nearly any task, from online shopping to planning a wedding.