Consumer Lending provides financing for individual and householders. The loans can come from a variety of places, including financial institutions or lending platforms. AI can help companies to assess the credibility of the borrower, retain valuable customers, and increase new revenue opportunities.
AI use cases in Consumer Lending
- Consumer Assessment – Application Scoring, Defaulter Prediction
- Consumer Retention – Churn Prediction
- Campaign Optimization – Recommendations
- Personalized Services – Segmentation
To have a detailed understanding about the use cases please download the presentation below.