Why 68% of Fintech Users Abandon Digital Applications; Launch Your Finance AI chatbot in 30 Minutes 

In the competitive realm of digital finance, the expectations of users are SkyHigh. Users expect speed, ease of access, and mobile-first journeys, particularly when money is involved. A staggering 68% of customers abandon their digital applications midway through their journey, often due to confusing forms and UX, or slow support. For fintech firms in the UAE and all around the world, this represents millions of dollars in lost revenue and a broken onboarding journey. This is precisely where a finance AI chatbot can flip the aggressive abandonments on their heads. 

Signicat, via The Fintech Times, 2023 

The Concern: Too Much Friction, Not Enough Time 

Let’s dissect the reasons users are abandoning fintech apps before they get completed: 

Bad Onboarding Design: 

Confusing flows, redundant fields, and painfully long forms are conversion killers! The more steps, the more drop-offs there are. 

Lack of Real-Time Help: 

Without an interactive chatbot for FI, a user gets stuck – often with no support. This results in instant exits from your fintech app. 

Manual Internal Processes: 

Many fintech agents are still processing through old-fashioned back-office approval chains. This slows everything down and causes bottlenecks. 

Lack of Personalization: 

Generic replies (from static bots) do not align with today’s client expectations. If users feel like a ticket, they treat your app like a spam. 

In the end, financial services chatbots are underused when it counts the most: at the exact moment a customer is thinking of abandoning. 

The Solution:

Launch a Finance AI Chatbot in 30 Minutes 

Many Fintechs already have the ingredients needed to address the 68% drop-off problem—on board materials, lending workflows, and policy PDFs. The challenge is not about insufficient content; it is about how that material is delivered, 

botxpert takes that flat content and turns it into creative, intelligent finance AI chatbots—much quicker than it takes for you to finish having a coffee. 

You simply upload your content. botxpert  understands your logic and creates an instant on-demand finance services chatbot to help users build through the exact steps that they dropped off on. 

Here is what makes a finance AI chatbot built on botxpert so valuable: 

Automates User Flow: 

Whether it’s loan pre-qualification, document collection under KYC process, or product matching, the bot will perform in exactly the same way you would, guiding the user step-by-step. 

Reduces Abandonment:

One of the major benefits of having real-time support along the way and intelligent engagement at key decision moments is that it helps users finish their journey, increasing conversion to the maximum number of users possible and decreasing drop-off. 

Improves Compliance:

Since the bot automates your own legal documentation process, compliance will be followed since it follows your process, avoiding risky ‘cutting corners’. All the good for your legal team. 

Conversational Experience:

It is more than forms; it is an advisor. The bot can collect documents, explain terms and elevate questions, which allows for smart yet scalable support from a fintech expert that never sleeps. 

Omnichannel Ready: 

The finance AI chatbot can be deployed on your website, mobile application, or WhatsApp, allowing customers to access support at any touchpoint at their convenience. 

Forget spending months building a solution or providing the process to an agency who doesn’t understand your compliance needs; your team can deploy a financial services chatbot on their own in under 30 minutes and own the process. 

bottom line: finance AI chatbot should be your go-to solution for industry concerns

botxpert gives you the tools to transform your onboarding process from a static strategy to a dynamic strategy. A chatbot for financial services that not just responds but also helps with customer engagement. 

Why Finance AI chatbot Works: Speed, Simplicity and Self Service 

Traditional bot platforms take development teams, long timelines, and endless meetings. botxpert doesn’t. 

Your own team, whether it be marketing, ops, CX – will be able to build, edit, and launch your chatbots for financial services with no technical overhead. 

This means you can: 

– Reduce development costs by up to 90% 

– Reduce drop-offs by providing real-time support 

– Help an agent affordably by automating repetitive inquiries 

– Remain nimble as regulations, markets, and customer trends change 

It’s the easiest and most flexible way to deploy a financial services chatbot that delivers. 

End the 68% Drop Off and Start Converting with Finance AI chatbot

If 68% of your users are dropping off applications, you don’t need a new funnel; you need a better chatbots financial services strategy. 

-Upload your onboarding document 

-Let botxpert build your bot in a few minutes 

-Deploy your finance chatbot to your users, when and where they need it most 

This is not a demo. This is your new digital frontline; live in thirty minutes with botxpert 

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