Transforming Fraud, Collections, and Customer Care for a Leading U.S. Fintech Bank

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Transforming Fraud, Collections, and Customer Care for a Leading U.S. Fintech Bank

Innovative Approaches to Elevating Financial Services and Customer Support

Intro

The rapid evolution of financial technology has reshaped consumer expectations and created new challenges for financial institutions. A leading U.S. fintech bank sought to modernize its operations by addressing critical areas such as fraud prevention, collections processes, and customer care. These efforts aimed to enhance operational efficiency, improve customer satisfaction, and ensure robust risk management in an increasingly competitive and dynamic industry landscape.

The challenge

A rapidly expanding fintech bank faced growing pains as it scaled operations to meet rising customer demand and comply with stringent regulatory standards. Key pain points emerged across three essential functions—fraud detection, debt collection, and customer care—impacting both operational efficiency and customer satisfaction.

Fraud detection processes were slowing transactions, negatively affecting the customer experience. Meanwhile, debt collection operations were inefficient, and the customer care department struggled to deliver responsive and personalized support at scale. Actionable solutions were urgently needed to ensure sustainable growth and operational excellence.

The solution

EXL strategically addressed each of these operational bottlenecks with tailored AI and data-led services.

01
<p><strong>Fraud Detection:</strong> EXL integrated machine learning and a 200+ fraud specialist team to reduce fraud losses, false positives, and improve transaction efficiency.</p>
02
<p><strong>Debt Collections:</strong> Using EXL Paymentor℠, AI-driven strategies boosted recovery, promise-to-pay, and conversion rates through proactive digital outreach.</p>
03
<p><strong>Customer Care:</strong> EXL implemented 24/7 AI-enabled support, improving accuracy, scalability, and customer satisfaction while cutting costs.</p>

Outcomes

Within a year, EXL delivered measurable results across all three functions of the business, driving operational efficiency and enriching customer relationships.

$12.1M

<p>reduced in fraud losses</p>

58%

<p>improvement in fraud investigation turnaround times</p>

60%

<p>increase in promise-to-pay rates</p>

20%

<p>improvement in Net Promoter Score (NPS)</p>

Why EXL?

EXL’s ability to integrate advanced technology, analytics, and operational expertise enabled the fintech bank to tackle major challenges head-on. By using AI to empower human teams and streamline processes, EXL delivered significant outcomes for fraud prevention, collections, and customer service while enhancing the bank's ability to scale with confidence.

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