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Topic: Technology
Number of pages / Number of words: 4 / 1029
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According to Datamonitor, many banks are expanding the use of speech technology from triage to include services such as account access, fund transfers, bill paying and more. That's possible because today's virtual agents not only can translate human utterances into transactions, but also can "mine" accounts for information specific to each caller...


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Because they are convenient and allow customers to interact directly with the system at their own pace, virtual agents increase customer satisfaction and enhance long-term customer loyalty. Plus, speech technology addresses the 15 percent of the population still using rotary telephones (Barbara, 2005)...


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