This week’s version of Finovate International takes a have a look at one of many progressive fintech firms headquartered in Estonia: Ender Turing. The agency, which focuses on voice dialog intelligence and automation, made its Finovate debut earlier this 12 months at FinovateEurope in London.
Headquartered in Tallinn, Ender Turing was based in 2020. The founding crew consisted of two AI researchers with expertise in automated speech recognition and pure language processing (NLP), in addition to a 3rd member with expertise in enterprise-level name middle software program. Collectively, the crew fashioned Ender Turing and have since launched Ender Turing AI Speech Analytics. The brand new resolution robotically analyzes and assesses the communication content material between monetary establishments and their prospects. This helps FIs improve the client expertise, in addition to meet high quality tips and compliance necessities in areas comparable to customer support, gross sales, and debt assortment.
We corresponded with Ender Turing CEO Olena Iosifova through e-mail. Under are her responses to our questions.
Learn extra about fintech in Estonia on this Finovate International column from earlier this 12 months.
What drawback does Ender Turing remedyand who does it remedy it for?
Olena Iosifova: Eight hundred million voice conversations are recorded every day in Europe and plenty of extra worldwide. A tiny 1% of those conversations are checked for high quality management, worker coaching, and enterprise outcomes enchancment. Ender Turing is a conversations intelligence and automation platform to shut 99% of the dialog hole for enterprise progress.
Our every day enterprise customers are customer support, gross sales, and assortment departments. However advertising and marketing and product groups additionally get worth from making shopper’s analysis proper on our platform.
How does Ender Turing remedy this drawback higher than different firms?
Iosifova: Ender Turing created the fastest-to-value platform that performs in 24 languages. We use a proprietary speech-to-text engine to fine-tune fashions for each shopper to attain the best accuracy. Our machine studying pipelines are very environment friendly, and we will fine-tune speech recognition totally free.
Additionally, the consumer interface does all of the system setup for reaching enterprise KPIs. There isn’t a want to attend for the time slot on the IT division to assist a enterprise unit make it.
Who’re Ender Turing’s main prospects?How do you attain them?
Iosifova: Our main prospects come from monetary business. These are banks, debt assortment corporations, and different monetary providers firms. However we even have purchasers within the public sector and in healthcare.
Direct outreach is our most important channel of getting observed by potential prospects – in addition to our partnership community. We cooperate with system integrators and name middle software program distributors and provide added worth to their buyer base.
Participation in conferences serves as an awesome supporting contact.
Ender Turing CEO Olena Iosifova demoing Ender Turing AI Speech Analytics at FinovateEurope 2023.
Are you able to inform us a couple of favourite implementation or deployment of your expertise?
Iosifova: We’ve two nice examples of our expertise implementation. One is OTP Financial institution, and one other is Creamfinance Group.
In OTP Financial institution it began with the decision middle customer support division. One month after we began, the debt assortment division joined, seeing nice outcomes. OTP Financial institution noticed lots of of hours of saved time each month for high quality administration, worker coaching, and improved conversion charges – outcomes we mutually get pleasure from.
With Creamfinance Group, the perfect indicator of nice enterprise outcomes is that after implementation of their headquarters in Poland, we now serve additionally their workplaces in Spain, Mexico, and the Czech Republic.
What in your background gave you the boldness to answer this problem?
Iosifova: Three founders in Ender Turing have optimistic expertise and abilities in synthetic Iitelligence R&D, enterprise administration, and a ardour for constructing extremely performing groups. We get pleasure from analyzing our potential prospects’ methods and market tendencies to foresee the challenges they may face within the subsequent three to 5 years. With fixed improvements inside our R&D, we construct our product to ship worth for as we speak and the long run.
What’s the fintech business like in Estonia? How do conventional monetary establishments deal with Estonian fintechs?
Iosifova: Other than the large identify in fintech, Smart, coming from Estonia, different thrilling fintechs are rising right here. To call a couple of – Grunfin, Scrambleup, Tuum, Salv, Montonio.
They associate with conventional monetary establishments actively. For instance, LHV Financial institution is the perfect shopper of Tuum. And Salv is the AML resolution that works precisely in a conventional monetary providers market.
You latterly demoed your expertise at FinovateEurope in London. What was that have like?
Iosifova: That is actually a global occasion the place we met firms from everywhere in the world. This was a nice shock. We’ll take part once more.
What are your objectives for Ender Turing?
Iosifova: Our aim is to grow to be a number-one alternative platform for banks and monetary providers firms concerning dialog intelligence and automation, offering the highest quality of service, gross sales dialog fee, and restoration fee.
What can we count on from Ender Turing over the stability of 2023?
Iosifova: Our progress in 2023 will get us to increase to the U.S. and Latin America. However what’s extra attention-grabbing is that we convey real-time agent help to fill the hole between the top-performing brokers and the remainder of the crew and guarantee real-time compliance monitoring in each dialog.
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