BOV Bank's AI Journey with EBO

BOV Bank's AI Journey with EBO

In an effort to streamline processes, reduce manual workload, improve response time and enhance overall customer experience, Bank of Valletta plc (BOV) partnered with EBO to find an innovative solution. As a result, EBO deployed its advanced AI technology to assist in the transformation of the bank’s service approach, increase scalability, automate processes and align with today's digital demands

At the heart of this solution is Bovey, an AI Virtual Agent that enhances customer interactions, streamlines lead qualifications, and efficiently captures customer data.

Learn how EBO and BOV are setting new standards in customer engagement through the power of AI. 

Zendesk | EBO partner

Bank of Valletta’s story

Bank of Valletta p.l.c. (BOV) is a leading banking institution in Malta, serving both individual and business clients through a network of 44 branches, an International Corporate Centre, Business Centres, Investment Centres, and a Wealth Management division. BOV provides a wide range of financial services tailored to meet diverse client needs. 

What Goals Did BOV Have?

Provide personalised customer service

Tailored responses and personalised recommendations to boost satisfaction and loyalty. 

Enhance Operational Efficiency

Implement streamlined processes and systems to reduce manual workload, improve response times, and minimise customer wait periods, ensuring a seamless experience for clients. 

Manage client confidentiality

Handling and protection of client data, maintaining confidentiality and complying with regulatory standards. 

The Challenge

Before integrating EBO’s Artificial Intelligence (AI) into its customer support system, BOV wanted to address a number of operational challenges, common to contact centres. These included wait times, scalability issues, high workloads, staff turnover, and budget considerations, which resulted in potential missed opportunities and gaps in customer experience expectations.
 
Current-day customers expect BOV to leverage emerging technologies to provide immediate customer service on channels that are easily available and convenient. To address these challenges, EBO presented an AI-powered solution that adapts to evolving customer needs and preferences. 

 

Long wait times

Scalability issues, with fluctuating demand

High workloads reducing staff efficiency
Missed opportunities to engage with customers effectively

Staff turnover disrupting service continuity

Budget constraints, limiting resource allocation

Results Speak Volumes

0%

of all chats handled autonomously by Bovey

0%

of operational goals [e.g. loan enqueries, card enqueries and appointment management] completed by Bovey

0%

customer satisfaction rate

The Solution

Meet Bovey, the Virtual Agent (VA) designed to automate BOV’s customer queries. One of the initiatives taken to enhance customer service was the introduction of Bovey. Today, the VA is seamlessly integrated into the BOV's website, providing instant responses to customer inquiries round-the-clock. Additionally, Bovey can handle incoming queries through Facebook Messenger Facebook Messenger, extending its accessibility and convenience across platforms.
 
To enhance its effectiveness, EBO’s NLP engineers trained Bovey using past customer interactions and then fine-tuned the language model based on actual dialogues managed within the solution.  As Bovey engages with more customers, its machine-learning capabilities enable continuous self-improvement. This allows it to update its language processing skills and expand its ability to handle diverse and complex tasks.

Functionality & Capabilities

Bovey’s capabilities include:
Context Awareness and Sentiment Analysis

Bovey can understand the context and sentiment of customer queries, providing personalised responses, relevant to the conversation regardless of nuances or context change.  

Advanced Query Escalation

Bovey has an escalation capability that recognises complex or high-value customer interactions and intelligently directs these to live agents when necessary. This ensures that critical queries receive immediate attention and maintains a high standard of customer care.  

Enhanced Compliance and Data Security

Bovey adheres to strict data protection protocols, ensuring compliance with banking regulations and safeguarding sensitive customer information. This includes automated data handling processes that minimise human intervention, reducing the risk of breaches and supporting BOV’s regulatory obligations. 

Advanced Multi-Channel Support

Bovey supports Facebook Messenger and website enquiries and soon will also available from the BOV native App in iOS and Android. This expanded accessibility meets customers where they are most active, furthering convenience and engagement. 

Comprehensive Service

Bovey handles a wide range of tasks from booking appointments to opening loans, managing technical queries, and maintaining client records. 

Automated Customer Feedback Collection

Bovey can request and collect feedback post-interaction, providing real-time insights into customer satisfaction. This ongoing feedback loop allows BOV to continuously refine customer interactions and improve service quality. 

Customer Analytics

The backend interface provides BOV staff with extensive intelligence data built on Microsoft Power BI, eliminating the need for bespoke Business Intelligence software. This deeper understanding of customer interactions enables informed decision-making and strategic planning.  

Streamlined Lead Qualification

Bovey efficiently captures necessary data from customers, and channels them to the appropriate service channels. This optimises resource allocation and enhances operational efficacy.  

Around-the-Clock Support

Bovey automates routine tasks and provides instantaneous support, reducing wait times and enhancing customer satisfaction. This allows the bank to capture leads and provide a service beyond conventional business hours, freeing staff to focus on more complex tasks. 

Discover the AI-powered platform by EBO

The Results

In six months, Bovey handled just under 18,000 customer conversations, covering technical support, card queries, account openings, appointment scheduling, and loan applications. This substantial workload reduction freed staff to address more complex tasks. With advanced NLP and Machine Learning, Bovey achieved a 92% accuracy in recognising customer inquiries. Additionally, customer satisfaction with Bovey’s service reached a remarkable 90%, reflecting the positive impact of its efficiency and responsiveness. 
Through the implementation of Bovey, BOV has significantly improved customer experience, operational efficiency, and staff productivity. This AI-powered solution ensures that customer interactions are smoother, services are delivered more efficiently, and it establishes a strong foundation for future innovations, scalability, and growth in the ever-evolving financial services sector. 

Trusted by the world’s most innovative businesses

Here’s what the companies we work with say about us.
Since we integrated EBO’s Virtual Assistant, Bovey, at BOV Bank, our customer service has greatly improved. Bovey provides instant, personalised support around the clock, making our clients feel valued and understood. It efficiently handles technical queries, allowing us to focus on building stronger relationships. The positive feedback from our customers speaks volumes about how EBO’s technology has transformed our service. Partnering with EBO was a game-changer for us!
Daniel Caruana
Head of Customer Service Centre at Bank of Valetta

As a global Fintech leader, Exinity is dedicated to providing innovative trading and investing solutions tailored to our clients’ diverse needs. When we sought to enhance the efficiency of our customer service operations, we needed a solution that could integrate seamlessly across all communication channels while maintaining the highest standard of customer engagement. EBO has been a true partner in helping us achieve this vision. EBO’s AI-powered Virtual Agents have transformed how we interact with our clients, managing over 45% of customer chats across multiple languages and platforms. The results have been remarkable – not only did we meet our 12-month goal in just three months, but we also significantly reduced operational costs and improved response times.

Rachel Carliss
VP Customer Service at Exinity

EBO is a fantastic supplier to work with, they are hands-on and very supportive. They become part of the project team and take on activities to ensure tasks are completed on time. I have really enjoyed working with EBO. They are a pleasure to work with. No problem or question was ever too much. They were very patient and responsive to all queries. They take their time to talk through the solution and actively work with you to find solutions to workflows that fit our 
organisation’s needs.

Pam Pahal
ICS and PCN Digital Transformation Programme Lead at Midlands Partnership University NHS Foundation Trust

At APS Bank, improving the customers’ journeys is integral to the success of our business strategy. We’ve been by our customers’ side since our foundation in 1910, and the project with EBO has allowed us to leverage the power of AI, in keeping with our mission, to make the banking experience simpler and more personal. Our customer-first approach, coupled with EBO’s wealth of knowledge in customer engagement automation, enabled the Bank to offer 24×7 assistance on our recently relaunched website. APS Bank’s Digital Innovation and Voice of the Customer Teams worked as one with EBO to reach our business goals with a strong focus on secure technology deployment and excellence in data science, while enriching our customers’ experience.

Daniel Cassar
Head of Project Delivery and Digital Innovation at APS Bank

If a solution like EBO is implemented across the NHS, it can revolutionise access to maternity care for the majority of service users. The point is to release capacity in Health systems by using innovation and technology that supports that.

Charlotte Clayton
Clinical Academic Doctoral Midwife at RM Princess Anne Hospital, University Hospital Southampton

At GasanMamo, we’ve been in business for over 70 years. In this period, we’ve seen the rise of many exciting new technologies that are aligned to our core belief: that of constant improvement. However, none of these have been as radically transformative as Artificial Intelligence and automation. We believe that AI will provide a better service to support our customers and will transform the digital journey they will take with us. We’ve chosen EBO as the solution provider to help us with this next step.

Mark Mamo
General Manager at GasanMamo Insurance

Working with EBO is like ‘a breath of fresh air’. They have a deep-seated ‘can-do’ ethos to delivering successful solutions and our collaboration functions as a true partnership. The EBO Virtual Assistant is a new technology for us with great potential as it integrates directly with our Electronic Patient Record. We initiated a pilot with EBO on e-Consent and are already lined up for rolling out pre-assessment and appointment modules.

Andy l’Anson
IT Programme Manager at Shropshire Community Health NHS Trust

The experience of working with EBO on our Virtual Assistant has been very positive. EBO and Servelec listened to our feedback and helped design AI solutions that benefit our patients by providing an alternative way they interact with the trust.

James Mariott
Digital Change Manager at Somerset NHS Foundation Trust

I think where we really found the stress is on the admin. A lot of our service users are calling us, which means that our lines are continuously busy and admins miss some of the calls, as they are on the phone with another service user at the time. It means that people are trying to get in contact till the late evening when the services are closed. It really opened up our eyes to see that there are other ways our clients can communicate with us and there are other ways that we can communicate with the clients. It actually works for them.

Shona Richards
Digital Transformation Project Manager at East London NHS Foundation Trust

Our booking officers absolutely love our Virtual Assistant Alex, since it does the legwork and they can focus on the patient. Over the last six months, Alex has helped save 24 hours of staff time every week. Our callers come from diverse cultural and linguistic backgrounds, so we worked with our communication to make sure Alex understands all our patients and the different ways they communicate.

Kim Hale
Digital Change Lead at Somerset NHS FT

EBO is a trusted partner of Microsoft, because a lot of what we see with thousands of customers that we work around the world is very much aligned with EBO’s mission and vision. They empower caregivers; they empower administrative staff, and they empower patients to have better access to information. 84% of Healthcare Executives believe that AI will revolutionise the way we obtain information.

Ruthy Kaidar
Director, Healthcare Industry Sector at Microsoft

We are at a pivotal moment in the banking sector. Digital banks are on the rise with savvy cross-platform services that challenge the nature of our industry. At BNF we pride ourselves in being adaptable and ambitious, we forge lasting relationships with customers through tailor-made products and services. Most importantly, we listen to their needs. We are investing in technology that helps us get closer to the community that we serve, offering improved customer experiences. We’ve chosen EBO as a partner to support our journey of incorporating Artificial Intelligence into our core business offering.

Mark Micallef
Chief Financial officer at BNF BANK

Insurance companies are at a pivotal stage of the industry’s development. AI technology is starting to disrupt the orthodox nature of business processes. MAPFRE Middlesea is a customer-centric organisation and we continually seek new and better ways to serve our customers. We’ve chosen EBO as a partner to help us adopt innovative technology that allows us to scale and deliver services more efficiently and effectively for our customers.

Peter Bugeja
Head of Technology Solutions & Digital at Mapfre

We love the results! As a data-first company, working with our Virtual Agent Claire has helped us increase productivity, cut running costs and achieve positive levels of customer satisfaction. We have reduced customers’ waiting time and automated entire workflows to provide a quick resolution to specific customer queries.

 

Dalia Pecingina
Head of CX at StanleyBet Group

It is indeed a pleasure to work hand-in-hand with EBO in developing our AI profile and competence. Apart from providing excellent technical expertise, EBO has consistently supported, trained, and maintained a close relationship with all of our team whilst overseeing the development, deployment, and successful marketing of our AI platform. Such support is unique and provides us with the confidence and motivation to further develop this exciting Artificial Intelligence revolution together with EBO, and be able to provide a holistic and efficient experience to our clients.

Jean Claude Muscat
CEO at Saint James Hospital Group

We have a growing backlog and we have patients whose conditions are just getting worse as their appointments are delayed. We have people in the community who cannot even get their first appointment, they cannot get diagnosed and they cannot receive early treatment. Covid has accelerated our adoption of virtual appointments and remote patient monitoring, so there is some efficiency gained there.

Jenny Chong
Associate Non-executive Director at Medway NHS Foundation Trust

“AI creates endless opportunities in customer experience optimisation. Our ongoing investment in technology is a strong differentiator within the mobility industry. This implementation lifts workload off our customer service centre, reduces the customer wait-time and provides a new touch-point with our clients. Booking a cab has never been easier, let alone more efficient.”

Matthew Bezzina
CEO at eCabs

EBO is facilitating us with additional artificial resources which enable us to use our time in a better way. The dedication and professionalism during the project were outstanding and those are the key for a successful cooperation.

Tal Zamstein
CEO at Rabbit Entertainment

A modern telco looks for AI that…understands the customers to the point that it’s able to predict what they are about to ask. Secondly, that the data provided allows us to learn from each interaction. And thirdly, that it speaks to our customers in a natural way that doesn’t sound robotic at all.

Karl Galea
CMO at Epic (EBO Webinar, 3rd June 2021)

Covid helped us. It helped us to develop a global understanding that people are not willing to come to the shop anymore. So, we created a process that is super sound, super safe, super digital and of course Covid friendly, and customers love it.

Antonio Ivancovic
CCO at Go (EBO Webinar, 3rd June 2021)

What I love most about Virtual Agents… (they) don’t have bad days, so you get that smooth experience. Also, they don’t get tired and they are there for your customers 24/7.

Margarita Areteou
SMB Lead at Gr/Cy/MT, Microsoft (EBO Webinar, 3rd June 2021)

It is a lot of pressure to give the customer enough information as quickly as possible. I can see the advantage of the Virtual Agent: if it is a standard question it is good to have an answer ready in hand. The faster we get information to them, the more likely they are to continue with their application form or trading. It also puts us in a good light.

Milica Nikolic (EBO Forex Webinar, June 2021)
Director at FxView

Virtual Agents save the one thing that nobody has anymore – time. And time is money. This is how we can help our Forex customers to be more agile, save money and be more profitable.

Paris Savva
at Microsoft

For us, an ideal solution is a hybrid model. We still would like to have human interaction when our customers can pick up the phone and call, but we also believe that Virtual Agents can be very helpful. They can facilitate specific issues and make response times faster.

Anna Ilukhina (EBO Forex Webinar, July 2021)
CMO at Orbex