Financial Services Organization Leverages Verint Software to Enhance Operational Efficiency, Support Compliance Requirements and Mitigate Risk
BEIJING and MELVILLE, N.Y., January 9, 2017 — Verint® Systems Inc. (Nasdaq: VRNT) today announced that CreditEase—a leading FinTech company in China, specializing in small business and consumer lending as well as wealth management for high net worth and mass affluent investors—is leveraging Verint Speech Analytics™, along with Call Recording™ and Quality Management™, to support the transformation of its customer engagement platform.
Since implementing the Verint software solutions, CreditEase has experienced improvements in operational performance and reports an increase in the use of digital channels through omnichannel service strategies. The ability to assess larger data samples, focus on important interactions, gain customer intelligence and target coaching to employees also has helped the organization enhance service delivery and the customer experience.
CreditEase also reports that it has saved operating costs of 45 percent on an annual basis by reducing print and mailed financial statements as customers have migrated to the use of digital channels and self-service e-statements. Its quality assurance initiatives also have yielded benefits in terms of generating an additional 30 percent savings by helping personnel become even more effective in their roles. The organization’s customer satisfaction ratings also have increased, in part due to a sharp reduction (by 80 percent) in billing-related complaints.
According to Luey Fang, general manager of CreditEase’s customer services center, “Contact centers across the industry face common challenges when it comes to how to manage customer calls and generate valuable insights for decision-making, of course if you need more help with credit issues or debt management you can get help online for this as well. Our goal has been and continues to be on operational excellence and the delivery of great customer experiences. Therefore, we must have quality, accuracy and excellence at the center of all we do.”
Helping it achieve its operational, quality, service-level, compliance, customer satisfaction and digital objectives has been Verint Call Recording, Quality Management and Speech Analytics, which the organization deployed in late 2015.
“With Verint Speech Analytics we automatically monitor and analyze all phone calls to gain insights into risk and compliance. Previously, we could only screen a very small sample, representing three to five percent of all calls. Using Verint, we have greater access, greater analytics and greater visibility,” explains Fang. “These newly surfaced insights provide actionable intelligence for decision-making, from which agent training is introduced for compliance requirements and to mitigate risk. This is absolutely critical to helping ensure our long-term business growth, enforcing the important value Verint solutions bring.”
“As consumers constantly switch between devices when interacting with businesses, customer engagement has become more sophisticated than ever before. Nothing can tell you more about your business than analyzing your customer calls,” notes Issey Ende, Vice President, North Asia, Verint Systems.
“We’re pleased to see our recording and speech analytics solutions helping CreditEase leverage intelligence from interactions to drive greater value, heighten the customer experience and met regulatory objectives. We look forward to building on the momentum as contact centers continue to evolve with an increased focus on customer experiences and engagement.”
CreditEase is a leading FinTech company in China, specializing in small business and consumer lending as well as wealth management for high net worth and mass affluent investors. It is a Standing Committee member of China’s Internet Finance Industry Association and Chairman of Beijing Marketplace Lending Association. Its majority owned subsidiary Yirendai (NYSE: YRD), an online consumer finance marketplace, is listed on the New York Stock exchange.
About Verint Systems Inc.
Verint® (Nasdaq: VRNT) is a global leader in Actionable Intelligence® solutions with a focus on customer engagement optimization, security intelligence, and fraud, risk and compliance. Today, more than 10,000 organizations in approximately 180 countries—including over 80 percent of the Fortune 100—count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we’re creating A Smarter World with Actionable Intelligence® at www.verint.com.
This press release contains “forward-looking statements,” including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management’s expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2016, our Quarterly Report on Form 10-Q for the quarter ended October 31, 2016, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.
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