Raiffeisen built an AI assistant to automatically handle millennials’ most common questionsExplore Rasa
Raiffeisen, a leading Swiss retail bank, wanted to appeal to a younger audience. After the success of newcomer banks like N26 and personal finance bots like Cleo, traditional banks face fierce competition and have to improve their customer experience.
Raiffeisen has a record of excellent customer service and cares deeply about data privacy. In banking, most customer interactions are more complex than simple ‘question and answer’. They require multi-turn conversations.
Using Rasa, Raiffeisen developed an AI assistant to handle longer conversations and train non-technical team members. The product team used fast iteration cycles to learn from real user data and to improve AI accuracy.
Raiffeisen built a successful Proof of Concept within two months, deployed on-prem using Facebook Messenger. The company is now developing a strategy to bring those AI capabilities to their main products on web and mobile.
Location: St Gallen, Switzerland
Revenue: $3.4 billion