LendingAI, is an advanced credit Risk and Predictive Lending Analytics solution built on the Snowflake platform. This solution is to leverage Snowflake’s capabilities for real-time credit risk scoring. It helps to reduce the approval times for loan applications and enhance financial industry’s ability to identify and manage risky customers using cutting-edge ML methods.
About LendingAI Solution
The Challenges
Online Borrowers defaulting at a higher rate
Inability to comprehend churn patterns
Higher marketing spends
Personalized Services
Up-Sell or Cross-sell
LendingAI Features
LendingAI Architecture
LendingAI Dashboard
Benefits of LendingAI
Loan Application Scoring
- Reduce operational costs
- Identify risk upfront
- Decrease the time to make a loan decision
- Adjust accept/reject criteria
Churn Prediction
- How likely a customer is to discontinue
- Resolve underlying churn issues
- Retaining existing customers
Defaulter Prediction
- Accuracy of prediction
- Relevance
- Scalability
Recommendations
- Increase product sales
- Upsell and cross-sell
- Product recommendation based on debt-to-income ratio
Automation
- API’s for most of event/triggers
- API’s for loan servicing processes
- Rule based workflow for complete automation
Customer Personas
- Identify who would respond to a particular offer
- Who will default on their credit obligation for a loan or credit card
- Personalized marketing actions
