10 Things You Need to Know Before Implementing a Banking Chatbot
Was it only a few years back that the banking sector was all abuzz about a new technology called chatbots? The advancements in this technology have been head-spinningly fast. If you’re looking to implement a chatbot tool or update an existing one, you might be wondering exactly what the state of the art looks like and […]
How Conversational Virtual Assistants and Generative AI Can Drive Growth for Banks and Credit Unions
The right conversational virtual assistant can delight customers and meet your FI’s growth goals With all the buzz about ChatGPT it’s a great time to brush up on what this cutting-edge technology means for the financial services industry, and how it can enable banks and credit unions to amplify their sales enablement efforts to power […]
The Revenue Bots Are Coming…. To Sell You Something!
Bots, Bots, Everywhere… The Future of Automated Financial Sales Finally, it is here. We are enjoying the realities of conversational banking; being able to talk and text using natural language to do “banking-stuff.” It’s a fun idea, and more than that, it is hugely significant. Bots and conversational banking, using natural language to streamline digital interaction is without a doubt the next […]
Conversational Banking Trends – November 2020
Engageware today released its Engageware Labs monthly report highlighting Conversational Banking “Micro-Trends,” the detailed, low-level data driving the newest wave in digital banking. The report shows what credit unions and banks are experiencing as they deploy virtual assistants to build out their conversational banking strategy. This is not a survey of what people claim to do. This is real-time data showing real usage from financial institutions actually […]
Engageware Chatbot: Trends and insights as we head into 2021
2020 will be remembered for a lot of reasons (most we will want to forget), but for banking it will be remembered as the year that banking truly went digital. An increased dependency on digital banking saw a significant increase in reliance on digital self-service solutions like chatbots and live chat. In a recent webinar, […]
Conversational Banking Trends – October 2020
Engageware today released its Labs report highlighting Conversational Banking “Micro-Trends,” the detailed, low-level data driving the newest wave in digital banking. The report shows what credit unions and banks are experiencing as they deploy virtual assistants to build out their conversational banking strategy. This is not a survey of what people claim to do. This is real-time data showing real usage from financial institutions with […]
6 Insights from Banking Chatbot Activity in Q2 2020
Q2 was a roller coaster ride, to say the least. And not particularly the fun kind. Dealing with the immediate setbacks of the Coronavirus pandemic crisis, financial customers needed support from their financial institutions more than ever. In turn, banks and credit unions had to act fast to adapt to the ever-changing climate – and […]
5 Reasons Why Banks and Credit Unions Need to Consider Chatbots
Chatbots are a hot topic in banking. As the shift towards a digital-first world accelerates, we are quickly approaching the intersection of business value and consumer expectations. Banks and credit unions are seeing the benefits of automation – lowered support costs via robust self-service all while fulfilling the consumer expectation of being able to complete […]
Chat in Banking: What You Can Learn from 100+ Institutions
Chat, chatbots, and conversational banking are hot topics lately. We’ve researched chat among various industries and interviewed 100 credit unions and banks to better understand the current landscape of chat and where it’s heading. Delivering What Your Consumers Really Want Chat isn’t just happening in banking. It’s taking place everywhere. Chat is happening across all […]
Improve Customer Service at Your Credit Union or Bank with Live Chat
When Bank of Oak Ridge implemented a self-service solution with 24/7 access across their digital channels, they had no idea how impactful it would be. The bank quickly saw their daily call volume decrease by more than 20 percent, while the account maintenance backlog dropped more than 66 percent. Customer satisfaction sky rocketed, and employees […]