Client:Fiserv

Industry:Banking and Financial Services

Region:North America

Fiserv drives enterprise-wide agentic AI adoption

Contact center employee on a call

12,000

hours saved through MCC automation per year

98%

end-to-end process automation rate for new MCC use case

Transforming financial tech with AI and automation

UiPath Robots extract merchant details from the database, cross check them via a Bing API, and select the correct MCC codes using generative AI prompts from UiPath GenAI Activities. Validation rules handle 98% of cases, with outliers sent to UiPath Action Center for review. UiPath Autopilot™ troubleshoots MCC automation workflows by identifying errors and optimizing performance. Fiserv also is exploring Autopilot to streamline contract processes for its service level agreement team.

AI doesn't start with technology. It starts with people. Successful implementation requires collaboration across teams, transparency, and building trust at every step. By partnering with UiPath, we’ve been able to operationalize AI safely and effectively, while showcasing its enterprise-wide potential through key use cases.

Sharbs Shaaya Director – Enterprise AI-Powered Automation, Fiserv

Improved customer service representative experience

Fiserv customer service reps (CSR) experienced significant improvements in their daily tasks. Previously, calls could take 10-15 minutes, largely due to transferring data between systems while customers waited on the phone. Now, automations have streamlined this process, reducing wasted time and improving call efficiency.

CSRs also faced challenges with multiple logins and password management across different applications. UiPath Apps has simplified this, eliminating the need to remember numerous credentials and navigate through several systems. Note-taking is also more efficient. CSRs now input notes directly into the app, which triggers the bot for subsequent steps, rather than jotting notes on separate pages.

Automation has also positively impacted training and talent retention. Instead of teaching individual shortcuts and manual data transfers, training now focuses on using UiPath Apps, making it simpler and more efficient for new staff.

Outcomes:

  • Enhanced accuracy of MCC workflows through targeted troubleshooting

  • Reduced failure rates by identifying and addressing root causes in automation

  • Improved overall efficiency of the MCC process, increasing reliability and performance

  • Significant reduction in average call handling time for CSRs

  • Simplified password management and note-taking for CSRs

  • Improved training process for new staff

Additional resources

FINS summit keynote
  • Gain insights from seasoned professionals and explore how cutting-edge automation technologies can supercharge your organization's efficiency and profitability. Watch the Financial Services Summit from FORWARD + TechEd.

Related case studies

Ikano Bank

Case Study

State Street
Experience State Street's cutting-edge asset management. Automation boosts reliability and productivity while freeing up teams for vital tasks.
Read the case study
Deluxe image for shortened customer story

Case Study

Deluxe
Learn how Deluxe is redefining efficiency and enhancing process management by streamlining operations and promoting innovation.
Read the case study
WEX customer story

Case Study

WEX
WEX leverages UiPath Autopilot to automate repetitive tasks, enhancing service delivery. It propels scalability into new areas, optimizing processes for amplified customer satisfaction and growth.
Read the case study

Intelligent automation you can bank on