Building your own chatbot by using AWS bedrock service, How this kind of tool can help Banks?
Tags: bedrock, aws, ai, cloud
Published: 2023-10-01 23:00:59

Amazon Bedrock, which was just announced, offers a convenient serverless API that lets you choose from a variety of foundation models to match your specific needs without the need for a convoluted setup and infrastructure. The creation of a chatbot utilizing the AWS Bedrock service will be covered in this post.

Amazon Bedrock is a fully managed service, which is accessible through an API. With Bedrock, you may pick the model that's ideal for your use case from a range of options.


in this article let's see how to create a chatbot by using Chatbot using Claude, Claude is a in Bedrock service apart from chatbots we can relay on bedrock for various other app developments in AI space like 

- Small text summarization

- Long text summarization 

- Simple questions and answers 

- Answering questions with Retrieval Augmented Generation(RAG)

- Chatbot by using Claude

- Chatbot using Titan

- Image generation by Stable diffusion 

- Code generation for (SQL, C++..etc)

- Entity Extraction with Claude v2

_Image source_: aws


![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/1jj511frmixc4thsm0fj.png)

Use conversational interfaces, such as chatbots and virtual assistants, to improve the user experience for your consumers. To comprehend and reply to customer enquiries, chatbots use machine learning and natural language processing (NLP) algorithms. Customer service, sales, and online shopping are just a few of the situations where chatbots can be utilised to respond to people quickly and effectively. They can be accessed through a variety of channels, including websites, social networking sites, and messaging services.

#### chatbot using Amazon bedrock
_image source :_ aws

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/i3ulwubiuvzyunswm4wo.png)

Chatbots powered by artificial intelligence (AI) have become a useful tool for banks, providing a range of benefits to improve customer service, streamline operations, and support data-driven decision-making. Some of the ways AI chatbots can help financial organisations are listed below:

**1. Improved customer engagement and support:**

  - 
Round-the-Clock Accessibility: AI chatbots guarantee constant customer care, enabling users to get help whenever they need it, even beyond regular business hours.

  - 
Rapid Responses: Chatbots respond immediately to frequent client questions, promptly addressing enquiries regarding account information, transaction history, and standard banking chores.

  - 
Effective Query Handling: AI-powered chatbots are skilled at comprehending and responding to complicated consumer requests, including those about account balances, transaction data, loan inquiries, and more.

**2. Banking Services That Are Personalised:**

  - 
client profiling: To generate individualised banking experiences, AI models analyse client data and behaviours. Based on unique financial goals and histories, chatbots provide specialised 

  - 
suggestions for and services related to financial products.
Financial Advice: AI chatbots can help with budgeting, offer investment recommendations, and provide essential financial planning advice, enabling users to make wise financial decisions.

**3. Fraud prevention and detection that works:**

  - 
AI models that analyse historical data and transaction trends can help identify anomalous or suspicious transactions. When suspected fraudulent activity are found, they swiftly issue alerts to both clients and bank officials.

**4. Processing loans quickly:**

  - 
Automated Application Handling: By assisting consumers with application submission and document gathering, chatbots streamline the loan application process. They speed up application reviews by checking facts and figuring out eligibility.
Analysis and Reporting of Data:

**5. Actionable Insights:**

 To identify trends, dangers, and opportunities, AI models thoroughly examine financial data. Making informed decisions about investments, risk assessment, and compliance is made easier with the help of this data-driven strategy.

not limited to the above use cases, we can apply AI in many other places in the banking industry.

HANDS-ON :- 

#### Step 1: Subscribe to Models in the Amazon Bedrock Console

go to the AWS console and request for Foundation models you want to use like below.

once you got access to models you can start your work on below python scripts .


![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/67stdthb5hi5dqbqs9hy.png)


#### Step2: Cloning git repo and executing python code 

`git clone https://github.com/santhoshnimmala/amazon-bedrock-flask.git`

`pip install Flask boto3 langchain`

`cd amazon-bedrock-flask`

`python Fast_Gen_AI.py`

#### Step3: you can interact with Chatbot on localhost:8000 like below 


![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/zgddwzxyw0w1lehctqh9.png)

you ask your questions like the below example.


![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/a9om0wzvq22k9w7vr8t7.png)


In conclusion, the banking sector is prepared to undergo a considerable transition as a result of the incorporation of AI-driven chatbots. Financial institutions can gain a variety of advantages from these intelligent chatbots, including improved customer service and engagement, operational efficiency, and the ability to make data-driven decisions.

AI chatbots deliver continuous, round-the-clock customer support, guaranteeing that customers may get help whenever they need it. They are excellent at answering common concerns quickly and are also able to deal with difficult inquiries from clients. Additionally, they enable users to make wise financial decisions by providing personalised banking experiences, including targeted product suggestions and financial assistance.

Beyond providing customer care, AI chatbots are essential for preventing and detecting fraud by seeing questionable activity and issuing timely alerts. They make the loan simpler.