MONETA Money Bank
Tom voicebot for the contact centre
MONETA's Czech voicebot handles 25% of inquiries and saved bankers over 4,000 hours in the first three months
Problem
Contact centre call volume rose 300% from 2016 to 2022, and customers waited longer.
Approach
With NTT Czech Republic and the vendor Feedyou, the bank built Tom, a voicebot using Azure speech-to-text and text-to-speech. Recorded calls are analysed in Power BI, and the language models are adjusted when the bot misunderstands.
Results
Takeaway
The bank started from an IVR proof of concept and tuned the bot on recorded calls. Microsoft reported a 10% cut in contact centre staffing and costs.
Categories
- Industry
- Finance and insurance
- Business function
- Customer service
- Innovation type
- Process innovation
- AI technology
- Conversational and voice AI
- Adoption
- Co-developed with a partner
- Evidence
- Vendor's case study
Sources
Source summaries
Microsoft described how the fourth-largest Czech bank replaced part of its call handling with the Tom voicebot. It reported the share of inquiries handled, hours saved and cost cuts.
Full details are in the original sources.