Customer Stories / Financial Services / United States
BankUnited Enhances Customer and Employee Satisfaction for SMB Banking Using AWS
Learn how BankUnited, a financial services institution, built a generative AI solution on AWS to transform its operations and improve customer support.
95% accuracy rate
Less than 10-second response times
24/7 support model established
Overview
Regional bank BankUnited Inc. (BankUnited) strives to deliver accurate, timely answers to its small and medium business (SMB) customers when they reach out with questions. However, employees struggled to quickly find information, which resulted in lengthy call times and inconsistent responses.
To solve this problem, BankUnited created a generative artificial intelligence (AI) model using Amazon Bedrock, which helps build and scale generative AI applications. This application can answer policy-related questions almost instantly, helping BankUnited boost efficiency and enhance customer and employee satisfaction.
Opportunity | Using Amazon Bedrock to Streamline Information Retrieval for BankUnited
Cultivating service-oriented relationships is central to BankUnited’s core mission. As such, the company wanted to help its employees more effectively surface information from its policy and procedures system, which consists of approximately 400 documents.
So, BankUnited turned to Amazon Web Services (AWS) to build an AI application: SAVI. "The seamless integration of AWS services streamlined our development process,” says Jhon Pereda, AVP BI and analytics manager at BankUnited. “We combined powerful tools and services without the usual complexities of integrating multiple platforms. Our team could focus on building SAVI's functionality rather than wrestling with technical issues."
The implementation of SAVI has been a game changer for our frontline employees and customers. We’re thrilled with the results and look forward to expanding the use of generative AI across other areas of our business.”
Lisa Shim
Senior Executive Vice President of Technology and Innovation
Solution | Improving the Customer Experience and Boosting Employee Confidence with SAVI
With SAVI, employees can phrase their questions naturally while getting reliable responses. “SAVI is most helpful when you need to find an answer fast while with a client,” says Shannon Stinson, assistant branch leader at BankUnited.
Using Anthropic’s Claude 2 model in Amazon Bedrock, BankUnited achieved an accuracy rate of 95 percent and response times of less than 10 seconds. The bank also adopted Amazon Kendra, an intelligent enterprise search service, to help its employees quickly find information.
“We made locating information a lot more straightforward and less frustrating,” says Jeiner Morales, senior vice president and director of operations at BankUnited. “It also reduces the training life cycle of the employees.”
Empowering its employees has had downstream effects. “Having access to the right information is extremely important to us,” says Morales. “Our employees can be the advisers that our clients expect and want.”
Thanks to SAVI, BankUnited can reallocate human resources toward value-added tasks. “SAVI provides us with the insight needed to quickly clarify our existing procedures,” says Ellen Howes, AVP consumer small business team lead at BankUnited. “The volume of calls and emails regarding procedural questions is lower because our front line can quickly get the answer by asking SAVI.”
The application has also helped the company shift from a traditional support team to a 24/7 self-service model at a fraction of the cost. “The implementation of SAVI has been a game changer for our frontline employees and customers,” says Lisa Shim, senior executive vice president of technology and innovation at BankUnited. “We’re thrilled with the results and look forward to expanding the use of generative AI across other areas of our business.”
Outcome | Furthering Its Technology Road Map with Generative AI
BankUnited has rolled out an initiative, “OpportunitiAI,” to help identify other generative AI use cases and align its business divisions. “This solution proved the technology for us,” says Morales. “It is showcasing the art of the possible.”
About BankUnited
BankUnited is a regional bank that offers a comprehensive range of banking services for individuals and corporate customers. It is headquartered in Miami Lakes, Florida, with additional branches in New York and Texas.
AWS Services Used
Amazon Bedrock
Amazon Bedrock is a fully managed service that offers a choice of high-performing foundation models (FMs) from leading AI companies like AI21 Labs, Anthropic, Cohere, Meta, Mistral AI, Stability AI, and Amazon through a single API, along with a broad set of capabilities you need to build generative AI applications with security, privacy, and responsible AI.
Amazon Kendra
Amazon Kendra is an intelligent enterprise search service that helps you search across different content repositories with built-in connectors.
Get Started
Organizations of all sizes across all industries are transforming their businesses and delivering on their missions every day using AWS. Contact our experts and start your own AWS journey today.