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Windows Central
Windows Central
Technology
Kevin Okemwa

"Our chatbots perform the tasks of 700 people" with better customer ratings: AI takes center stage as a Swedish fintech shrinks its workforce by half

Getty Images 2017676996.

What you need to know

  • Klarna, a Swedish fintech company, is integrating AI into its workflow, allowing it to get things done faster and easier with fewer employees.
  • The company suffered immense losses while expanding its operations to the US, but it has since become profitable with attribution to its AI strategy.
  • Its custom chatbot can handle the workload assigned to 700 customer service employees, scaling the average resolution time for customer service inquiries from 11 minutes to 2 minutes.
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