AI AGENTS FOR BANKING & FINANCE

Instant answers for customers. Full control for compliance.

NiCE Cognigy AI agents handle account questions, payments, KYC and loan applications on any channel. Even when a rate change hits every mortgage at once.

Instant answers for customers. Full control for compliance.

99.5%

faster response time

+37%

increased net promoter score (NPS)

70%

lower AHT

Leading finance and banking brands trust NiCE Cognigy

I am truly impressed with the virtual assistant powered by Cognigy.AI. It has achieved a resolution rate of over 50% and our average handling time has significantly decreased, allowing us to provide faster and more efficient support to our customers by simultaneously increasing agent satisfaction.

Brendon Clark

Head of Workforce Management and Customer Improvement, Humm Group

AI agents designed for finance and banking

Pre-built AI agents for the requests banking and finance contact centers handle most, from identification verification to loan applications.

KYC identification and verification

Product recommendations

Address changes

Account questions

Payments

Lost card reports

Account opening and closing

Loan applications

ATM finder

PERSONALIZATION

Instant, personal service on any channel

Customers get instant, personal answers. AI agents use customer data and conversation context to recommend and resolve in real time, on any voice or digital channel, 24/7.

AUTOMATION

Lower operational costs

Financial services firms using AI cut costs by 29% and lift CSAT by 41% [source].

AI agents automate repetitive tasks, assist human agents in real time, raise containment, shorten handling times, improve first contact resolution (FCR) and reduce training and turnover.

TRUST

Secure and compliant out of the box

In banking, security and compliance aren't optional. NiCE Cognigy AI agents are designed to protect you and your customers.

They comply with GDPR, SOC 2 Type II, ISO 27001, ISO 9001, PCI DSS, BSI C5 Type II and more.

Couple reviewing finances together on a tablet

CUSTOMER STORY

Humm Group: 15% lower handling time.

As demand exploded, Humm Group, a global financial services provider, needed to keep service quality high without overloading its contact center.

With partner Datacom and NiCE Cognigy, it built an AI agent that supports customers 24/7.

It understands over 94% of customer intents and handles tasks like opening and closing accounts and explaining fees, improving resolution rates, handling time and the experience for customers and agents.

EBOOK

AI Agents for financial services: Where AI meets ROI

81% of financial services companies use AI in customer interactions, the highest of any industry, and 72% have already seen an ROI [source].

Find out why AI agents outperform traditional bots, how to use generative AI safely in regulated environments and where they deliver results across banking, lending and insurance.

Loved by customers

Excellent Choice for Complex Conversational AI at Scale

5.0

The use of Cognigy AI has allowed us to build several bots, use cases and integrations at scale for different companies at once...

Research and Development · 30B+ USD · Transportation

Gartner Peer Insights

Feature-rich, and Stable Platform to Build a Sophisticated and Complex Product

5.0

Cognigy have provided exemplary support which is key to deploying sophisticated and complex solutions...

Software Development · <50M USD · Healthcare & Biotech

Gartner Peer Insights

Best Conversational AI Platform!

5.0

Fantastic experience! Very responsive team and delivering new innovation quickly. The NLU is the best in the market and is extremely easy to build bots/virtual agents.

Product Management · 1B–3B USD · Telecommunication

Gartner Peer Insights

The Highly Interactive and Profitable Customer Interaction System

5.0

Cognigy.AI; is a complete enterprise conversational platform that we use daily to automate our interaction with our customers...

Data and Analytics · 30B+ USD · Retail

Gartner Peer Insights

Bring Your Conversational AI Strategy To The Next Level With Less Code

5.0

We are using Cognigy since a year and have around 20 chatbots and 3 voicebots on the platform with above 1 million conversations...

Customer Service & Support · 500M–1B USD · Energy & Utilities

Gartner Peer Insights

Most Flexible Conversation AI Platform

5.0

The platform is a breeze to use. The set-up is done very quickly and it's all low code...

Data and Analytics · 1B–3B USD · Transportation

Gartner Peer Insights

The GARTNER PEER INSIGHTS Logo and GARTNER PEER INSIGHTS are trademarks and service marks of Gartner, Inc. and/or its affiliates and are used herein with permission. Gartner Peer Insights content consists of the opinions of individual end-users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product, or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

Helpful banking resources

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What are AI agents? A complete guide

Automated customer service representative that can transform your customer service processes to supercharge productivity.

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Conversational AI in banking: benefits & examples

How can your bank improve CX and establish trusting, long-term relationships with customers, staying fully complaint.

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Chatbots in banking: benefits & examples

AI-powered banking chatbots can hold dynamic conversations with customers, identifying their needs and actioning their requests.

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Frequently asked questions

What is an AI agent?

AI agents are human-like virtual agents, built on conversational and generative AI, that automate customer service across chat and voice. They deliver instant, personal support in over 100 languages and integrate with enterprise systems. They come with industry-specific skills and emotional intelligence, use your service knowledge and processes, and work alongside human agents with real-time assistance, knowledge lookups, next best actions and sentiment analysis.

How does an AI agent work in banking and finance?

In banking and finance, an AI agent automates customer service tasks such as account inquiries, loan applications, fraud detection and transaction processing. It offers instant, multilingual help by chat or voice, with responses personalized from customer data and financial processes. It integrates with banking systems to pull real-time information for complex queries, and supports human agents with contextual knowledge and sentiment analysis. The result: better customer experience, shorter waits and higher efficiency, while staying compliant with industry standards and regulations.

What are examples of conversational AI in banking and finance?

Examples include virtual banking assistants that handle routine requests like balance checks, fund transfers and bill payments. AI agents also guide customers through loan applications, take in documents, check eligibility and give real-time status updates. They automate tasks such as password resets, credit card activation and transaction disputes, making service significantly more efficient.

How is conversational AI used in banking and finance?

It's used for customer support such as balance checks, fund transfers and transaction histories. It speeds up loan processing by guiding applicants through forms and giving real-time status updates. AI agents detect and flag potential fraud and offer quick ways to act. They also automate routine tasks like password resets, card activations and dispute resolution, cutting wait times and improving the overall experience.

What is the difference between conversational AI and generative AI?

Conversational AI focuses on enabling machines to understand, process, and respond to human language in a natural, context-aware manner. It often uses predefined responses and rules-based models to manage interactions, typically found in chatbots or virtual assistants. Its primary goal is to automate and streamline specific tasks like customer service or inquiries. Generative AI, on the other hand, uses advanced algorithms like large language models (LLMs) to generate new content, such as text, images, or even responses, based on the input it receives. Unlike Conversational AI, it doesn't rely on predefined scripts and can create more flexible, diverse, and human-like responses. In summary, Conversational AI is task-oriented and structured,

AI agents for finance and banking. Proven in production.

Get agents live, and keep them that way.
Any volume. One governed workforce.