Besides funding and operational expenses managing Risk costs is key to sustainability of any lending business. Learning from data will help you to avoid losses and improve the efficiency of your business. For instance, Application scores help you to select the right borrowers. Behavior scores identify customer segments to grow and to extend credit offers to. Collection scores focus your resources on late payers to talk to most urgently.
The team at aable has worked with organizations across the globe to improve how they work with customers. Our success is due to understanding lending and our experience in the use of Artificial Intelligence.
Using state-of-the-art algorithms for Machine learning we’re able to extract information from data. Information that allows to take sound decisions and make your business more intelligent. We had the opportunity to benchmark our work against Credit scores that are available commercially. Statistical measures of Predictive power have confirmed our models to outperform by a wide margin what lenders are able to buy “of the shelf”. This superior ability to separate “high risk” from “low risk” customers translates into immediate business value. Allowing your company to grow faster and more profitable.
Do you have a tricky data problem to solve? Talk to us. Chances are we have innovative solutions to discuss.