Chatbots for Banking Customer Service
Improve customer interactions with AI-powered chatbots.
Why Chatbots are Essential in Banking
In the banking industry, customer service is an integral part of the customer experience. However, traditional methods of handling customer inquiries are often slow and inefficient, leading to customer dissatisfaction.
Chatbots offer a solution to this problem by providing instant, 24/7 assistance to customers. They can handle routine inquiries, such as account balances and transaction histories, freeing up human representatives to deal with more complex issues.
Using AI, chatbots can learn from interactions and improve over time, offering more personalized experiences to customers. This not only enhances customer satisfaction but also reduces operational costs significantly.
AI-powered chatbots are not just about cost savings; they are a step towards transforming the future of banking. As the technology evolves, chatbots will play an even larger role in customer service, providing smoother, more efficient service.
Why Licode is the Best Tool for Banking Chatbots
To stay competitive, banks need to adopt new technologies rapidly. By using Licode, banks can quickly build and deploy AI-powered chatbots to enhance their customer service offerings.
The mission of Licode is to empower everyone—whether you are in IT or a business unit—to create powerful AI applications. For banks, this means deploying AI chatbots that can scale as required and evolve with customer needs.
With Licode, users can design the chatbot interface specific to their needs, utilize 7 different LLMs for custom AI model building, and store important interactions in an integrated database. Its visual builder even allows easy automation of backend workflows.
Why use Licode
Advantages of Using Licode for Banking Chatbots
Ease of Use
Licode requires no coding knowledge, making it accessible for banking professionals to build and deploy chatbots quickly.
All Features Out-of-the-Box
With Licode, all necessary components, from AI model building to backend automation, are readily available, streamlining development.
Scalable and Cost-Effective
Banks can scale their chatbot services without significant financial investment, ensuring comprehensive customer service coverage.
Steps to Building an AI Banking Chatbot
- Create an Account: Sign up on Licode to begin building your chatbot.
- Prepare Resources: Gather necessary resources such as FAQs and customer interaction logs in doc and pdf formats.
- Design Interface: Use Licode’s intuitive tools to create a user-friendly chatbot interface.
- Customize AI Model: Build and fine-tune your AI model using Licode’s available LLMs and your banking knowledge.
- Add Extra Features: Implement additional functionalities like transaction assistance to enrich the user experience.
- Market Your Chatbot: Promote the chatbot to your customers through email campaigns and social media posts.
Enable AI in your app
Licode comes with built-in AI infrastructure that allows you to easily craft a prompt, and use any Large Lanaguage Model (LLM) like Google Gemini, OpenAI GPTs, and Anthropic Claude.
Supply knowledge to your model
Licode's built-in RAG (Retrieval-Augmented Generation) system helps your models understand a vast amount of knowledge with minimal resource usage.
Build your AI app's interface
Licode offers a library of pre-built UI components from text & images to form inputs, charts, tables, and AI interactions. Ship your AI-powered app with a great UI fast.
Authenticate and manage users
Launch your AI-powered app with sign-up and log in pages out of the box. Set private pages for authenticated users only.
Monetize your app
Licode provides a built-in Subscriptions and AI Credits billing system. Create different subscription plans and set the amount of credits you want to charge for AI Usage.
Accept payments with Stripe
Licode makes it easy for you to integrate Stripe in your app. Start earning and grow revenue for your business.
Create custom actions
Give your app logic with Licode Actions. Perform database operations, AI interactions, and third-party integrations.
Store data in the database
Simply create data tables in a secure Licode database. Empower your AI app with data. Save data easily without any hassle.
Publish and launch
Just one click and your AI app will be online for all devices. Share it with your team, clients or customers. Update and iterate easily.
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Don't take our word for it
I've built with various AI tools and have found Licode to be the most efficient and user-friendly solution. In a world where only 51% of women currently integrate AI into their professional lives, Licode has empowered me to create innovative tools in record time that are transforming the workplace experience for women across Australia.
Licode has made building micro tools like my YouTube Summarizer incredibly easy. I've seen a huge boost in user engagement and conversions since launching it. I don't have to worry about my dev resource and any backend hassle.
FAQ
How can chatbots improve customer service in banking?
Chatbots can significantly enhance customer service in banking by offering 24/7 support, providing quick answers to common questions, and assisting with routine tasks like checking account balances or tracking transactions. This efficiency not only enhances customer satisfaction but also reduces the workload on human representatives so they can focus on more complex inquiries. Additionally, AI chatbots can capture and analyze customer data, helping banks better understand customer needs and improve service offerings over time.
What features does Licode offer for building a banking chatbot?
Licode offers a comprehensive suite of features for building banking chatbots. These include a no-code interface for designing the chatbot’s look and feel, integration capabilities for embedding chatbots into existing banking systems, and advanced AI modeling tools to train the chatbots using various Large Language Models (LLMs). Moreover, it provides a visual builder to automate backend processes, supporting easy scalability and adaptability. All of these features are intended to streamline chatbot deployment and enhance banking service operations.
How secure is an AI chatbot built with Licode?
Security is a top priority when creating any application, especially within banking. Licode ensures comprehensive security measures are in place to protect sensitive data handled by the chatbot. This includes data encryption, secure APIs, and regular security audits to keep potential vulnerabilities at bay. Furthermore, Licode is designed to comply with regulatory standards, making it a trustworthy option for banks to enhance their digital services securely.
Can a chatbot handle complex banking queries?
While chatbots excel at handling routine inquiries efficiently, they are also increasingly capable of managing more nuanced banking tasks thanks to AI advancements. Modern AI-powered chatbots can understand complex queries and provide relevant advice or information by leveraging machine learning capabilities. However, integrating a well-defined escalation path, where intricate requests are smoothly transferred to human representatives, ensures comprehensive customer support without redundancies.
Do I need any technical skills to use Licode?
Not at all! Our platform is built for non-technical users.
The drag-and-drop interface makes it easy to build and customize your AI tool, including its back-end logic, without coding.
Can I use my own branding?
Yes! Licode allows you to fully white-label your AI tool with your logo, colors, and brand identity.
Is Licode free to use?
Yes, Licode offers a free plan that allows you to build and publish your app without any initial cost.
This is perfect for startups, hobbyists, or developers who want to explore the platform without a financial commitment.
Some advanced features require a paid subscription, starting at just $20 per month.
The paid plan unlocks additional functionalities such as publishing your app on a custom domain, utilizing premium large language models (LLMs) for more powerful AI capabilities, and accessing the AI Playground—a feature where you can experiment with different AI models and custom prompts.
How can I monetize my AI app?
Licode offers built-in monetization tools that make it simple to generate revenue. You can create subscription plans, set up tiered access, or offer one-time payments for extra AI credits or premium features.
Monetization is powered by Stripe, ensuring secure, seamless payments. Setting up your Stripe account takes only a few minutes, so you can start earning quickly with minimal effort.
How do I get started with Licode?
Getting started with Licode is easy, even if you're not a technical expert.
Simply click on this link to access the Licode studio, where you can start building your app.
You can choose to create a new app either from scratch or by using a pre-designed template, which speeds up development.
Licode’s intuitive No Code interface allows you to build and customize AI apps without writing a single line of code. Whether you're building for business, education, or creative projects, Licode makes AI app development accessible to everyone.
What kind of experience will my audience have with the AI app?
Your app will feel like a personalized extension of your content.
Users can interact with the AI based on the resources you provide, making the experience feel like they’re engaging directly with your expertise.