Virtual operator Alesya starts work at BPS-Sberbank, as AI continues its expansion

Maria Nikolova

The AI solution is trained to determine the essence of a query and to respond to a variety of questions formulated in a free form.

BPS-Sberbank, a Belarus-based bank whose major shareholder is Sberbank Rossii PAO (MCX:SBER), is making a step towards the implementation of artificial intelligence (AI) solutions. The company has announced the launch of a smart IVR – virtual operator Alesya.

The launch happens after the completion of the first round of a complex project on the development of voice services in the bank’s contact center. Participants in the project include Banks Soft Systems (BSS) and Service Desk, a subsidiary of the bank.

Alesya processes incoming calls in the Contact center of BPS-Sberbank thanks to a language recognition technology. Alesya is trained to determine the essence of a customer query and to answer to free-form questions. The robot provides information about card balances, card blocking, as well as credit and overdraft information.

One of the main advantages of Alesya is its speed, combined with a capability to maintain the quality of work.

The bank plans to further expand the implementation of robotic solutions in its departments.

Sberbank is known for the adoption of AI solutions, which may be a piece of good news for fans of robotics but is not such a nice bit of news for back-office staff. In January this year, Sberbank said it would lay off 3,000 employees at its legal department thanks to the enrollment of a robot lawyer. And in June this year, Herman Gref – CEO and Chairman of the Executive Board of Sberbank, has announced further plans for workforce reduction. The number of employees in back office roles at the bank will be reduced 12 times by 2021, he said. One of the key reasons for the changes is the growing use of robots by the bank. Stanislav Kuznetsov, Deputy Chairman of Sberbank’s Executive Board noted that robots have been working at the bank’s archive department for seven years already and that now robots are replacing staff that counts money.

The speed of robots’ performance at banks has been underlined as one of their key advantages over human staff. Japan’s Resona Bank has unveiled plans to use an AI engine that works 4,000 faster than humans, with the solution to be implemented in the company’s customer service department.

KIBIT, which is developed by FRONTEO Inc (TYO:2158), has as its main task to analyze interview transcripts at Resona. KIBIT will analyze texts including recommendations for financial products, customer reactions to the recommendations, and customer service requests, in order to enable Resona Bank to respond to customer needs more quickly and efficiently.

Read this next

Executive Moves

GTN appoints ex-LSEG Bobby Bok as Head of Sales APAC

“My new role marks a new milestone for me, and I am excited to be part of a rapidly growing company redefining investing and trading. GTN’s mission resonates with my passion for harnessing technology to empower fintechs and financial institutions to foster financial inclusion.”

Market News

USD Strengthens on Hot US CPI Data, EURUSD Trends, and USDJPY Climbs Amidst Economic Indicators

Last night (Australian time) at 10:30 pm, a highly anticipated economic indicator was released from the United States: Retail Sales and Core Retail Sales MoM.

Opinion

Opinion: Cracks Are Beginning to Show In Tech Stacks…It’s Time to Address Them

The retail FX industry has rapidly evolved in the last 15 years so it’s no wonder that systems purchased or developed over the last 10 to 15 years are no longer fit for purpose. Patching up tech stacks is not the answer. The way forward for brokers is to streamline their operations with SaaS-based, customisable, consolidated tech stacks.

Inside View, Interviews

Exclusive interview with Tools for Brokers on its 14th anniversary

Celebrating its 14th anniversary, Tools for Brokers (TFB), hosted a private networking event in Cyprus, gathering industry professionals to discuss future trends and innovations.

blockdag

BlockDAG Targets 20,000x ROI, Excels Beyond Litecoin’s Rise, and Enhances Ethereum Layer 2 Activity

Explore BlockDAG’s promising 20,000X ROI as it leads, with significant developments in Ethereum Layer 2 and a surge in Litecoin’s value post-Dencun upgrade.

Digital Assets

Hong Kong regulators approve spot Bitcoin and Ether ETFs

Hong Kong-based asset managers received approval from regulators on Monday to launch spot Bitcoin and Ether ETFs.

Digital Assets

Vitalik Buterin backs Railgun with $350K, RAIL price triples

Privacy cryptocurrency Railgun (RAIL) skyrocketed over 250% following a positive comment from Ethereum co-founder Vitalik Buterin.

Digital Assets

Uniswap hits $2 trillion in trading volume ahead of SEC’s lawsuit

Decentralized finance (DeFi) exchange Uniswap crossed $2 trillion in total trading volume despite escalating competition from other networks and regulatory setback.

blockdag

BlockDAG’s $17.3M Presale Success Elevates Security Beyond Ethereum Classic Value and Fantom Trends

Explore how BlockDAG’s advanced security with batch 9 entry and $17.3M raised outshines Ethereum Classic value and Fantom’s market moves.

<