Overview
Elevate your decision-making with the prowess of Machine Learning. Our innovative solutions simplifies data, enabling you to make timely, data-driven decisions that fuel success in the ever-evolving business landscape. Democratise data-insights, with our design-led story telling, instantly identify patterns with precision.
Objective
A leading specialist lender with a loan book of £6.6bn was focused on bringing in innovative data driven practices to improve the performance of credit risk function.
Challenge
- 96% of loans were redeemed prematurely. Premature redemption of loans results in loss of revenue.
- Timely identification of customers with high propensity to redeem in near term would help retention team to prevent churn.
Benefits
- 20% savings by value and potential cross-selling opportunities worth millions ever year.
- Top 3 reasons for churn identified using survival analysis.