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Last edited:
September 19, 2023

How Rubies Leveraged Machine Learning & AI for Financial Transformation

Revolutionizing Financial Services: How Qucoon's AI and AWS Machine Learning Transformed Rubies' Success Story

Rubies is a forward-thinking digital banking institution committed to redefining the financial experience for its customers. With a dedication to innovation and excellence, Rubies aims to provide cutting-edge financial solutions in the digital age.

About Client

Rubies is a forward-thinking digital banking institution committed to redefining the financial experience for its customers. With a dedication to innovation and excellence, Rubies aims to provide cutting-edge financial solutions in the digital age.

Business Background

Rubies is a forward-thinking digital banking institution committed to redefining the financial experience for its customers. With a dedication to innovation and excellence, Rubies aims to provide cutting-edge financial solutions in the digital age.

Challenges
  1. Personalized Services: With a rapidly expanding customer base, Rubies grappled with the need to provide tailored financial services. The challenge was to strike a balance between catering to individual preferences and maintaining operational efficiency on a larger scale.
  2. Risk Management: The digital landscape brought forth a heightened need for robust risk management and fraud detection. Rubies had to tackle the complexity of ensuring secure transactions, safeguarding customer data, and identifying fraudulent activities to maintain trust and credibility.
  3. Efficient Operations: As Rubies experienced exponential growth, the intricacies of managing a multitude of financial services and ensuring seamless customer interactions posed a significant challenge. The company sought to optimize its internal processes to meet the rising demands efficiently.
  4. Customer Engagement: In a digital-first era, fostering meaningful customer engagement was paramount. Rubies aimed to go beyond transactional interactions and cultivate genuine relationships with its customers through innovative approaches.

What is Cloud Migration?
Cloud Deployment Models
3-Step Cloud Migration Process
How Qucoon helped
  1. Personalized Services: By harnessing AWS services such as Amazon SageMaker, Qucoon enabled Rubies to analyze vast customer data and preferences. This empowered Rubies to deliver tailor-made financial solutions that resonated with individual customers while maintaining scalability.
  2. Risk Management: Qucoon leveraged Amazon Fraud Detector to create advanced fraud detection models. These models utilized historical transaction data, customer behavior, and real-time inputs to identify suspicious activities promptly, ensuring secure transactions and bolstering customer trust.
  3. Efficient Operations: The integration of Amazon SageMaker allowed Rubies to optimize its operational processes through AI-driven automation. This streamlined internal workflows, reduced manual efforts, and enabled Rubies to efficiently cater to the growing demands of its customer base.
  4. Customer Engagement: Qucoon developed AI-powered chatbots using Amazon Lex that revolutionized customer support. These chatbots provided instant responses, addressed queries, and offered financial guidance, ensuring seamless interactions and enhancing overall customer engagement.

Through the strategic implementation of AWS Machine Learning tools, Qucoon transformed Rubies' approach to digital banking challenges. By addressing personalized services, risk management, operational efficiency, and customer engagement, Rubies emerged as a trailblazing digital bank. The collaboration showcased the immense potential of AI and AWS tools in reshaping the banking landscape, aligning with Rubies' commitment to innovation and delivering exceptional customer experiences in the digital age.