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Quality & Digital

Transforming Customer Experience in the US Remittance Market

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Quality & Digital

The Challenge

Leading US Remittance market leader where customer dissatisfaction (DSAT) is a concern impacting our client's market share.

Key Issues
  • High customer dissatisfaction (DSAT)
  • Communication gaps
  • Knowledge issues
  • Process inefficiencies
  • Market share impact
Business Impact
  • Declining market share
  • Customer churn
  • Revenue loss
  • Brand reputation damage
  • Competitive disadvantage

Our Approach

Comprehensive solution combining people, process, and technology improvements to address customer satisfaction challenges.

People

Standard Script, Process Knowledge Tests Rigor & Communication Training

Process

Value Stream Mapping & DMAIC Six Sigma Project to improve DSAT

Technology

Cognitive AI for reminders, KYC status, conversation analysis & evaluation

Technology Implementation Details:
  • Leveraged Cognitive AI to send auto reminders to clients
  • Display real-time KYC status
  • Analyze conversation between Customer & Agent
  • Generate AI-powered Automated Evaluation
  • Scoring & Supervisor Alerts

Outcomes & Results

DSAT Reduced

Significant Improvement

IND: 25% to 15%

COL: 22% to 14% (Exceed Target)

$2 Million

Annual Savings

Cost savings achieved through improved efficiency

Effective Communication

Improved communication skills across the organization

Knowledge Gaps Addressed

Comprehensive training and knowledge management

Process Optimization

Streamlined processes and technology integration

Key Success Factors

Training & Development
  • Standardized communication scripts
  • Rigorous process knowledge testing
  • Comprehensive communication training
  • Continuous skill development
Process Excellence
  • Value Stream Mapping implementation
  • DMAIC Six Sigma methodology
  • Data-driven decision making
  • Continuous improvement culture

Case Study Summary

Client

Leading US Remittance Company

Industry

Financial Services - Remittance

Solution

Customer Experience Transformation

Timeline

12 months

Key Technologies
  • Cognitive AI
  • Six Sigma DMAIC
  • Process Automation
  • Knowledge Management
  • Real-time Analytics
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