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Case Study

Enhancing Technical Support with AI-Powered Bots for a Fintech Microfinance Company

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About Client

Our client is a dynamic FinTech microfinance company, focusing on empowering the unbanked and underbanked communities across India by offering comprehensive financial services. Leveraging the expertise of industry veterans with over 19 years in the payment industry, they provide a robust online platform—accessible via web and mobile—allowing retailers to deliver essential banking and financial products. With a commitment to financial inclusion, they aim to reach underserved areas, including rural and urban locations, through innovative services like kiosk banking, bill payments, digital transactions.

However, this mission faced significant challenges when managing technical support. The company and their clients experienced disruptions caused by server outages, network congestion, and device incompatibilities, leading to failures in payment transactions. These issues not only hampered their operations but also required manual intervention, resulting in a loss of their clients' trust. To address these challenges, we implemented a Generative AI-based virtual assistant integrated with a messaging application, enhancing their use of AI-powered financial chatbots for FinTech. This innovative solution automated technical issue resolution, minimized human error, and delivered faster support, streamlining operations, ensuring compliance, and ultimately improving the overall experience for their clients.

  • :   Fintech, Microfinance
  • :   Mobile App, Web Application
Challenges

Challenges

Our esteemed client in Fintech, was facing numerous customer support challenges due to rapid growth, the complexity of financial services, and strict regulatory requirements. Few are below

  • High Volume of queriess

    With a growing customer base, the client was receiving thousands of queries daily. The human support team struggled to keep up, leading to long wait times, especially during peak hours.

  • Slow Issue Analysis and Resolution

    The support team previously relied on manual processes to analyze and resolve issues, leading to slower response times. With the bot, issues can now be identified and addressed instantly, streamlining support efficiency.

  • Payment Gateway Issues

    Transaction failures with the payment gateway caused delays in processing payments, resulting in customer frustration and potential revenue loss. Our HyperBOT can instantly detect and alert the support team to payment gateway issues, assist in resolving them, and provide real-time transaction status updates, effectively reducing downtime and enhancing customer satisfaction.

  • Delayed Support Response

    Although day and night support was available, response times tended to slow during off-hours. With our Gen AI-powered HyperBOT, clients now receive instant, round-the-clock assistance, significantly enhancing support speed and consistency at any time of day.

Gen AI-powered Financial Bot

How Gen AI-powered Fintech Bot Helped Them

After implementing the Gen AI-powered bot solution, the client saw a marked improvement across their customer support operations

Automated Transaction Query Resolution

  • Automated Query Handling: The AI-powered financial chatbot for FinTech instantly processed queries, identifying issues like in-process, stuck, or failed transactions.
  • Instant Fixes: The bot applied automatic corrections for pending settlements and confirmed without intervention.

Automated Error Correction and 24/7 Availability

  • Error Identification & Resolution: The Generative AI in FinTech bot identified and corrected common errors by automatically.
  • Round-the-Clock Support: The chatbot provided 24/7 support, eliminating the need for manual intervention and ensuring uninterrupted service
Gen AI-powered Financial Bot

Automated Logging and Reporting

  • Comprehensive Audit Trail: The AI-powered financial chatbot for FinTech automatically logged actions, corrections, and outcomes, providing a secure audit trail.
  • Reduction in Human Error: Automation minimized manual discrepancies, ensuring compliance with financial regulations through Generative AI in FinTech.

Instant Status Updates

  • Real-Time Feedback: The FinTech chatbot provided real-time updates on all technical issues and status.
  • Reduced Response Time: The chatbot for FinTech offered near-instant resolutions for clearing logs, fixing discrepancies, and generating reports.

Reducing Operational Costs

  • Our Gen AI-powered HyperBOT drastically reduced the workload for human agents by handling simple queries autonomously. This shift led to lower operational costs, as the client could reallocate human resources to more strategic and revenue-generating tasks.

Achieve Seamless and 24/7 Support for FinTech!

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Key Benefits of AI-powered Fintech HyperBOT


85%Reduction in Manual Support Efforts

96% Faster Issue Resolution

90%Compliance Accuracy

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