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Four Key Considerations for Adopting AI for Debt Collection

Interactions

Automation and artificial intelligence (AI) are making significant changes to the way the financial services industry handles consumer credit. With that in mind, as collection agencies seek innovation, they should always keep the following customer needs in mind: Empathy : Few people want to be in the situation of owing money.

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Four Key Considerations for Adopting AI for Debt Collection

Interactions

Automation and artificial intelligence (AI) are making significant changes to the way the financial services industry handles consumer credit. With that in mind, as collection agencies seek innovation, they should always keep the following customer needs in mind: Empathy : Few people want to be in the situation of owing money.

article thumbnail

AI Customer Service: Today’s Most Transformative Technologies

TechSee

Organizations now have access to huge amounts of data about their customers that can be used to provide personalized service and recommendations to targeted consumers. When agents are empowered, they become invested in every customer interaction. A Tata Consultancy Services survey found that 31.7% Predictive personalization.