Can I Get a Deal from a Chatbot ?

in FinTech

Given the push by most service companies to replace their customer service folks with AI (i.e. a Chatbot), will we still get up-sold services? Will we be able to get better deals if we say we’d like to talk to the Customer Retention Bot? With storefronts disappearing will we never interact with humans again?

What is a chatbot? Current definition:

a computer program designed to simulate conversation with human users, especially over the Internet.

This is another weird part of FinTech as well, where you won’t talk to a human, you will interact with a ChatBot. Who gets the commissions if the ChatBot convinces you to buy their Balanced Mutual Funds? An old broken down programmer like me could program something fairly simple that could shepherd customers into the “Balanced Fund Paddock”.

When I speak to a credit card chatbot about how I missed a payment accidentally will it cut me some slack, and rescind the interest rate if I promise to pay off my bill completely? Surprisingly, that could be built into the AI for the system, but will it? The excuse, “sorry, the machine is programmed that way” is an easy cop-out for most firms.

A possible chatbot conversation

What Does the Future Hold?

I have said previously the answer is always no, unless you ask, however if you ask a machine will you get help?

I can envision a future where folks will share cheat phrases to use with ChatBots to get better deals, or better services. All technology has cheats in them somewhere, you just need to know where to look.

Do folks even enjoy talking to Chatbots?

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