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Ocelot’s Customizable Penny Chatbot Powers Conversational Customer Service 24/7/365 for Financial Aid and Student Service Offices, Saves Staff Time and Promotes Student Self-Service

Penny’s Extensive Knowledgebase and Video Library Provides Schools with an Unrivaled Starting Point for Customization

Penny’s Blend of Content and Technology Provides Consistent and Immediate Answers and Can Respond to an Unlimited Number of Concurrent Questions

BOULDER, CO – FATV, a content and technology company that has been making financial aid and related concepts easy-to-understand for students over the past 15 years, announced today the successful infusion of Artificial Intelligence technology into its suite of products.

The most significant innovation is a customizable Chatbot, named Penny, the first-of-its-kind Chatbot built for financial aid offices and related student-service departments. Penny can be customized and branded for individual schools.

“With Penny, we have developed a platform for our clients to build powerful chatbots with little-to-no IT resources.  Our extensive knowledge base and video library provide an unrivaled starting point for customization, with enterprise-grade Natural Language Understanding technology ensuring users can quickly find the answers they need,” said Kevin O’Shea, Chief Technology Officer at FATV.  “Penny’s modular design opens up endless opportunities to integrate with other services on campus and beyond.”

Ocelot’s Penny Chatbot is mobile friendly, WCAG AA 2.0 accessible, and can be deployed across student service departments and One-Stops.

Damon Vangelis, CEO of Ocelot, added: “Penny builds on our work as an organization over the past 15 years – making financial aid and related topics easy for students to understand and reducing burdens on staff. She delivers great benefits to schools and more self-service for students. And best of all, she gets smarter every day.”

Schools choose to partner with Ocelot’s Penny Chatbot in order to:

  • Improve Customer Service
  • Reduce Phone Calls and Wait Times
  • Replace Live Chat services or supplement them after-hours
  • Support Student Self-Service
  • Ensure Consistency of Answers
  • Save Staff Time
  • Provide Direct Answers without the need for navigation

For more information on Ocelot and to view a demo of Penny, please call 1-888-704-9090 or visit ocelotbot.com.

About Ocelot

Ocelot is a leading education technology company working to discover new ways to help college administrators and student communities thrive in an ever-changing, resource-constrained world. The Ocelot AI Student Services Platform is the most effective student engagement tool in the industry, with the fastest, most versatile AI conversational chatbot backed by an unrivaled, ever-growing content library of 2,000+ explainer videos and 1,500+ answers, and is fully bilingual in Spanish. Formerly known as FATV, Ocelot has over 350 higher education institution clients across the nation, many of whom take advantage of the platform’s unique Community Sharing feature to build a dynamic, shared knowledgebase that has helped 1.4 Million students chart a successful path through college by providing 24/7/365 access to critical admissions, campus life, and financial aid information.

More information about Ocelot, the Ocelot Student Services Platform, and the FATV video content library can be found at ocelotbot.com.