THE MUTHOOT GROUP BECOMES ONE OF THE FIRST IN THE NBFC SECTOR TO LAUNCH AN AI-BASED CHATBOT - “MATTU & MITTU”

The Muthoot Group, one of India’s leading business conglomerates today announced the launch of its Chatbot ‘MATTU & MITTU’ [Muthoot Advanced Technology Transformation Unit (MATTU), Muthoot Intelligent Technology Transformation Utility (MITTU)]. MATTU & MITTU will be represented by two elephant mascots that come together to denote the Group’s famous logo. The company is first in the Indian Gold Loan industry to use a bot on its official website – www.muthootfinance.com ‘MATTU & MITTU’ is an Artificial Intelligence-powered Virtual Assistant that will offer 24/7 customer assistance and instantly respond to customer queries across The Muthoot Group’s diverse products and services; ranging from Gold Loan, Insurance, Money Transfer, Forex, Mutual Funds, Home loan, etc. The AI-Bot is also said to act as a financial advisor, helping break myths around Muthoot’s flagship product – Gold Loans, and enabling customers to make informed decisions. It will help the customer to register, get details about Gold Loan/other financial products, apply for a Gold Loan scheme, locate the nearest Muthoot Finance branch, etc. Among many other attractive features of the Bot, MATTU and MITTU will also provide –

AI-assisted live chat
Predictive text
Rating and instant feedback facility
Natural language processing
Suggestive/informative conversations
Specialized advice based on customer inclinations
Personalized advice through recognition of past behavior patterns
Onsite support at a branch, without the involvement of staff

Speaking about this development, Mr. Alexander George Muthoot, Deputy Managing Director, The Muthoot Group said, “We, at The Muthoot Group, have always been at the forefront of adopting technology and transforming the customer experience by providing them instant solutions to their financial needs. ‘MATTU & MITTU’ is our latest addition to some of our already existing technologically advanced systems like Core Banking Solution (CBS), Customer Relationship Management (CRM), Muthoot Mobile App etc. We serve more than 2 lakh customers every day, and through our newly launched Chatbot, we aim to redefine the seamless customer experience by being present where they are – Online. The bot is designed to increase the quality of the relationship we have with our customers by enhancing and personalizing their financial journey with us.”

ABOUT THE MUTHOOT GROUP:

The Muthoot Group has a family business legacy of over 800 years. The Group started as a small trading business enterprise in Kozhencherry, a remote village in the state of Kerala. Since its formation, the company, under the leadership of its key management - Shri M G George Muthoot (Chairman), Shri George Alexander Muthoot (Managing Director), Shri George Thomas Muthoot (Jt. Managing Director) and George Jacob Muthoot (Jt. Managing Director) has broadened its scale and widened its geographic scope of retail operations. Today, The Muthoot Group is a multi-faceted business conglomerate comprising 20 diversified divisions including Financial Services, Wealth Management, Money Transfer, Forex, Securities, Vehicle & Asset Finance, Media, IT, Healthcare, Housing & Infrastructure, Education, Power Generation, Leisure & Hospitality, Plantation & Estates, Precious Metals, Travel Services, Housing Finance & Overseas Operations. The Muthoot Group has been involved in a plethora of CSR initiatives across the country ranging from Education and Healthcare to Public Welfare and Disaster Relief. Headquartered in Kochi and having its Corporate Office in New Delhi, The Muthoot Group has a dominant presence in all States & Union Territories of India. It also has its presence in USA, UK, UAE, Sri Lanka and Central America. For more information please visit: http://www.muthootgroup.com/ or http://www.muthootfinance.com/ or follow us on Facebook, Twitter and Instagram.