Andrew Estornell, Stylianos Loukas Vasileiou, William Yeoh, Daniel Borrajo, Rui Silva
{"title":"Predicting Customer Goals in Financial Institution Services: A Data-Driven LSTM Approach","authors":"Andrew Estornell, Stylianos Loukas Vasileiou, William Yeoh, Daniel Borrajo, Rui Silva","doi":"arxiv-2406.19399","DOIUrl":null,"url":null,"abstract":"In today's competitive financial landscape, understanding and anticipating\ncustomer goals is crucial for institutions to deliver a personalized and\noptimized user experience. This has given rise to the problem of accurately\npredicting customer goals and actions. Focusing on that problem, we use\nhistorical customer traces generated by a realistic simulator and present two\nsimple models for predicting customer goals and future actions -- an LSTM model\nand an LSTM model enhanced with state-space graph embeddings. Our results\ndemonstrate the effectiveness of these models when it comes to predicting\ncustomer goals and actions.","PeriodicalId":501139,"journal":{"name":"arXiv - QuantFin - Statistical Finance","volume":"32 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"arXiv - QuantFin - Statistical Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/arxiv-2406.19399","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
In today's competitive financial landscape, understanding and anticipating
customer goals is crucial for institutions to deliver a personalized and
optimized user experience. This has given rise to the problem of accurately
predicting customer goals and actions. Focusing on that problem, we use
historical customer traces generated by a realistic simulator and present two
simple models for predicting customer goals and future actions -- an LSTM model
and an LSTM model enhanced with state-space graph embeddings. Our results
demonstrate the effectiveness of these models when it comes to predicting
customer goals and actions.