AI-Powered Conversational Chatbot for Miden

Business Problem

Miden’s customer support and financial data retrieval process faced challenges such as:

  • High dependency on human agents, leading to slow response times. 
  • Limited accessibility to financial insights, causing operational bottlenecks. 
  • Scalability issues in handling a growing number of customer queries efficiently. 

About Miden

Miden is a modern issuer processor and banking stack that enables businesses to integrate financial features, including seamless payments, reconciliation, instant virtual cards, and account opening. They are on a mission to redefine financial transactions with enhanced security and efficiency. To enhance user experience and operational efficiency, Miden sought to implement an AI-driven chatbot for financial queries and customer support. 

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Solution

goML partnered with Miden to develop an AI-powered Conversational Chatbot using AWS Bedrock, enabling seamless financial data access and customer interactions. This 8-week initiative significantly reduced support costs and improved response efficiency. 

Outcomes

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Reduction in Support Workload – Automated handling of routine queries.

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Faster Financial Data Retrieval – Instant access to transaction data and insights. 

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Increase in Query Handling Capacity – Enabled scalable chatbot-driven interactions.