Platform
Solutions
By Industry
LLMs
Resources
Safe AI
Founded
1968
Website
Channels
Website, Facebook Messenger
Use Cases
Credit card application, loan application, branch locator
With a vision of ‘Leading the Future of Banking’, UnionBank aimed to utilise technology to provide an omnichannel banking experience for its customers. They were looking to elevate customer experiences by eliminating long wait times to reach customer support over calls by deploying an AI chatbot on two channels (Website and Facebook Messenger). Thus, enabling customer self-serve options to instantly resolve customer queries with conversational AI.
1
On-demand personalized banking services
UnionBank customers now receive instant resolutions to 70-80% of their queries in their preferred language on the website and Facebook Messenger. Self-serve options are enabled for key banking services, including product and service catalogue, card application, balance enquiry, account management, online bank-assisted check disbursement facility, banking rewards, ATM/Branch Locator, FAQs and more.
2
Enhanced self-serve adoption
With conversational AI-powered automation enabled by Yellow.ai, UnionBank has seen a 3X increase in the monthly chatbot adoption<br>rate by customers. The ‘Submit a Concern’ button also enables instant customer feedback for quick resolution and easy accessibility. Automation has improved work efficiency for customer support teams, enabling them to focus on complex issues while significantly reducing operational costs.
HIGH CUSTOMER SATISFACTION
0
Xincrease in chatbot usage from 28K to 120K active users per month
REDUCED COSTS
0
%YoY reduction in chatbot operating costs
BOT ACCURACY
0
%bot accuracy for effective resolutions
“The ease of using Yellow.ai’s low-code platform enabled Union Bank of Philippines to quickly scale customer self-serve options, allowing efficient query resolution for clients. Yellow.ai ensured that the migration from the old vendor was seamless and recommended fixes that delighted customers and increased the usage of our chatbot. UnionBank has seen a marked increase in chatbot adoption rates post deploying Yellow.ai’s conversation AI solutions from 28k users per month to 120k users per month. Costs for operating and catering to clients using the chatbot have gone down by 51%.”
Joanna J Perez
AVP – Self Service Channels and Bots Head, UnionBank of Philippines
