ExpertSource Global Services
CXReview call analytics for compliance monitoring in debt collection
ExpertSource raised call monitoring from 2% to 100% with AI conversation analytics
Problem
ExpertSource, a debt-collections provider, could review only a small sample of calls for compliance. Each compliance-related settlement cost about USD 3,500.
Approach
The company used the CXReview conversation-analytics solution, which runs IBM Watson Speech to Text and Natural Language Understanding models on Red Hat OpenShift. The first version was built in eight weeks, followed by eight weeks of refinement.
Results
Takeaway
Automated call analysis let a compliance team check every call instead of a sample, without adding staff.
Categories
- Industry
- Professional services
- Business function
- Finance, risk and legalCustomer service
- Innovation type
- Process innovation
- Adoption
- Partner co-development
- Evidence
- Vendor case study
Sources
Source summaries
IBM describes how ExpertSource used the CXReview analytics solution with Watson speech and language models to check calls for compliance. Monitoring rose from 2% to 100% of calls without extra headcount. The page also cites about USD 3,500 per compliance-related settlement.
Full details are in the original sources.