Financial ServicesRetrieval-Augmented GenerationPublic Cloud

NewDay lifts generative AI agent-assist accuracy from 60% to over 90%

NewDay· United KingdomAmazon Bedrock · AWS Fargate · AWS Lambda +8

NewDay, whose contact centre handles 2.5 million calls a year, built NewAssist, a generative AI assistant on Amazon Bedrock using Retrieval Augmented Generation, out of an internal hackathon. Through iterative experiments — including a custom parser for its knowledge base and injecting internal acronyms into prompts — NewDay raised NewAssist's accuracy from below 60% to over 90%, cut the average time to retrieve an answer from 90 seconds to 4 seconds, and rolled it out to over 150 agents, running on serverless AWS infrastructure for under $400 a month.

Overview

NewDay, whose contact centre handles 2.5 million calls a year, built NewAssist, a generative AI assistant on Amazon Bedrock using Retrieval Augmented Generation, out of an internal hackathon. Through iterative experiments — including a custom parser for its knowledge base and injecting internal acronyms into prompts — NewDay raised NewAssist's accuracy from below 60% to over 90%, cut the average time to retrieve an answer from 90 seconds to 4 seconds, and rolled it out to over 150 agents, running on serverless AWS infrastructure for under $400 a month.

The challenge

NewDay's contact center handles 2.5 million calls annually, and with nearly 200 knowledge articles in Customer Services alone, agents often needed to search for the right answer to a customer question. This led to a hackathon problem statement in early 2024: how could NewDay harness generative AI to improve speed to resolution and improve both the customer and agent experience.

The solution

Out of the hackathon, NewDay built NewAssist, a real-time generative AI assistant on Amazon Bedrock, implemented as a Retrieval Augmented Generation (RAG) solution. A Streamlit UI hosted on AWS Fargate lets agents log in and ask questions, with authentication via Amazon Cognito and Microsoft Entra ID for single sign-on. Knowledge articles are retrieved via API, chunked with a custom-built parser designed around NewDay's specific content schema, converted to vector embeddings and stored in Amazon OpenSearch Serverless. Suggestions are generated by passing the retrieved chunks to Anthropic's Claude 3 Haiku via Amazon Bedrock. Questions and answers with feedback are logged in Snowflake for observability, and Amazon CloudWatch logs requests processed by the AWS services. New versions are evaluated offline against an evaluation dataset before being promoted to production.

Retrieval-Augmented GenerationGenerative AILarge Language Models

Reported business value

NewDay raised NewAssist's accuracy from below 60% to over 90%, cut the average time to retrieve an answer from 90 seconds to 4 seconds, and rolled it out to over 150 agents, running on serverless AWS infrastructure for under $400 a month.

Sources

Open any source and check the claim yourself — that is the point of the register.

This record was researched and written with AI assistance, and its claims were checked against the sources above. (EU AI Act art. 50 transparency notice.)

Related entries

Other financial services entries in the register.

All entries
Financial ServicesGenerative AIPublic Cloud

Navy Federal Transforms Service With AI

Navy Federal Credit Union is reshaping banking for military members by unifying data and leveraging generative and agentic AI on the Databricks Data + AI Platform. By embracing AI-augmented workflows and upskilling teams, Navy Federal delivers customized services while streamlining productivity through responsible change management and data readiness.

96/100HighPrimary source
Navy Federal Credit UnionDatabricks
Financial ServicesGenerative AIPublic Cloud

Banking Innovator bunq Supports Growth, Strengthens Security Using AWS

bunq, a Dutch neobank with over 11 million users across Europe, uses Amazon Bedrock for several generative AI use cases including summarizing new user data with large language models, removing the need for agents to process onboarding documents manually. Using Amazon Bedrock, bunq tripled user support process efficiency while maintaining over 90 percent accuracy. Sensitive data stays within bunq's AWS virtual private cloud, supporting GDPR and PCI DSS compliance alongside tools such as AWS CloudHSM, AWS Security Hub and AWS KMS.

100/100HighPrimary source
bunq· NetherlandsAmazon Bedrock · AWS CloudHSM · AWS Security Hub +1
Financial ServicesMachine LearningPublic Cloud

TBC Bank Operationalizes Trusted Data with Lakebase

TBC Bank, the largest banking group in the Caucasus region, built a Lakehouse on Databricks and adopted Lakebase and Databricks Apps to move from on-premises SQL Server instances and month-long reporting cycles to self-service analytics and AI-driven applications, including a web-based AI chatbot and AutoML-based credit risk scoring. Credit risk model deployment fell from 14 weeks to two days, and more than 600 users regularly query governed data through Genie.

96/100HighPrimary source
TBC Bank· GeorgiaDatabricks Platform · Lakebase · Databricks Apps +4
Financial ServicesFraud & Anomaly DetectionPublic Cloud

Worldline enables real-time insights for smarter merchant decisions with Databricks

European payment processor Worldline consolidated data from multiple acquisitions onto a Databricks medallion architecture with Delta Lake and Unity Catalog to unify over 50 billion annual transactions, reducing infrastructure costs by €200,000 per month, lifting team productivity 40%, and increasing scheme reporting speed 93%.

96/100HighPrimary source
WorldlineDelta Lake · Unity Catalog · MLflow

Was this helpful?

Your feedback helps us improve our use case database