OLPORTAL is an online marketplace for AI-driven neurobots where different developers can put up their pre-trained bots for use by the larger community. However, unlike other platforms like Google Play Store or Amazon’s Alexa Skills, this platform is intended to be decentralized, leading to complete freedom for all stakeholders — brands, developers and users — to use the benefits of the ecosystem.

Moreover, here the pricing of the applications is decided on a competitive basis, and on the basis of clear market demand and user ratings. These chatbots can be used for advertisements as well as providing very specific services to the customers.

Our present commercial banking system relies hugely on customer services like net-banking and phone-banking to name a few. All these services are being used to make banking friendlier for the users. There are online chatbots to assist customers with their banking needs. Along with them, there are mobile applications to smoothen the process out.

Many banks have employed AI-trained chatbots to assist in customer support and ancillary services. Bank of America has Erica and JP Morgan Chase has COIN. Apart from them, Sberbank of Russia, Wells Fargo, Ally Bank and Capital Bank are few of the many global banks that are relying heavily on chatbots to help ease their workload and make the customer experience better.

However, there are hardly any offline AI assistance services, which can ensure data safety along with a decentralized experience.

Commercial banks may not only be able to use chatbots developed on the OLPORTAL platform to market new features to the users but also will be able to increase the accessibility of their services to a great extent. They can market the product on the marketplace that is built within the eco-system.

Advantages of Using OLPORTAL

As already mentioned, OLPORTAL is a decentralized platform and therefore, offers a greater degree of flexibility. The price of developing the product is also considerably low. The product can be integrated with other products and features on the ecosystem.

The neurobots are pre-trained, and therefore they do not require any kind of assistance, or any kind of message analysis, especially online data processing. In fact, the neurobots work on a topic identification model. It only identifies the last phrases for selecting a topical response. Such a model can be perfect for dealing with confidential financial data.

Banks can not only reduce their development cost by using the platform, but they can also reduce the operational costs in terms of hosting and maintenance. And this, in turn, reduces the costs for customers. Apart from the reduction in costs, the customers can get a much more personalized experience in terms of using the services which are provided by the bank, or any other financial service provider that has developed their neuro-bots on this platform.

Integration with OLCF

The OLPORTAL platform runs on the OLCF token. So if financial service providers want they can allow their customers to transact with the use of utility tokens. They can also allow facilities of directly exchanging tokens for fiat through their bots.

In this way, through the bots, the financial institutions can integrate their existing services with the OLCF tokens and get into the crypto sector. They can, therefore, gain a new user base which is associated with cryptocurrency. This user base is global and will be involved in transactions across the world. Thus, through the development of bots on the OLPORTAL AI marketplace, there will be immense benefits for both the financial service providers and their customers.

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