Faced with today’s complex macroeconomic and regulatory environment, lenders are more challenged than ever to safely and profitably grow their credit portfolios. The solutions of AdviceRobo will help them to better understand their consumers’ credit behavior and associated risks.
Psychographic credit scoring
This solution is an alternative and improved way of credit scoring that enables banks to asses someone’s creditworthiness without having many financial data. Thin-file customer segments like self employed, start ups and millennials are perfect examples. But also in customer acquisition, to onboard unknown customers, psychographic scoring proves to be a solution to accept more and better customers.
With this solution, the bank will be able to continuously monitor risk on an individual basis for default, churn, loss giving default and bad debt. Based on the available financial, behavioural and other customer data the AdviceRobo AI in risk platform runs its predictions models and giving the bank insights in whom to target in its ‘special servicing strategy’. The servicing teams can help financially troubled people in time and prevent foreclosures. The teams will become more effective by working more focused on the right targets and improve customer lifetime value. Predict to prevent.
Predictive analytics and Machine Learning
Any specific question relating to your data and what insights and predictions could be derived from them, ask the team of AdviceRobo. We offer advanced data scans to show you the quality and readiness to move forward and apply new technologies such as Machine Learning. Also, we can develop specific models tailored for your needs.