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AI in UK Contact Centre Verticals – Finance

How UK financial services contact centres use AI to cut call duration, comply with regulations, reduce fraud and improve first-contact resolution.

 

About This Report

Our research has found that each vertical market has its own specific commercial and operational issues that affect its contact centres, and this research series looks at how AI can be deployed to solve these.

Through detailed analysis of surveys with hundreds of UK contact centres, ContactBabel has identified five significant concerns and issues which are found in many financial services customer contact operations:

  • Excessive call lengths impact cost and service
  • The need to comply with industry regulations
  • Managing fraud risks while maintaining customer experience
  • Reducing unnecessary calls through superior self-service and digital interactions
  • Improving first-contact resolution rates.

The report shows how and why these issues arise, and looks at ways in which AI-enabled solutions can alleviate them, improving performance and customer experience while helping profitability.

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In this Report

Contact Babel Reports

How Can AI Cut Call Lengths?

  • Intelligent call routing
  • Automated customer ID&V
  • Optimising talk time
  • Unified agent desktop
  • In-call agent assistance
  • Automating post-call wrap-up
Contact Babel Reports

AI for Regulation, Compliance and Fraud Reduction

  • The role of AI analytics, in-call and post-call
  • Ensuring audio security with AI
  • Automate customer authentication
  • Maintaining CX while maximising security
Contact Babel Reports

Reduce Calls & Increase Self-Service

  • Customer channel use and preference
  • Improving chatbots & voicebots
  • Proactive customer service
  • Increase first-contact resolution rates
  • Current & future use of AI in Financial Services contact centres

World-class research, data and insights into the contact centre and CX industries