When it comes to lending, banks are increasingly harnessing the power of machine learning to drive targeted campaigns. But to offer the right loan at the right time, you need to understand how customers behave.
Automation of your scoring mechanism using predictive models enables a shift from reactive to proactive credit risk management
Earlier this month, before the second wave of COVID-19 properly hit Central Europe, I was very excited and lucky to be able to attend my second live event of 2020: Insurance Forum Austria by Business Circle. Organized in Rust near the beautiful Neusiedler See, we spent one and...
In the modern age of big data, data science solutions are entering ever new fields. The market is literally over-saturated with start-ups, which daily generate new and modern ideas on how to extract even more from data. So, it’s surprising that ML hasn’t taken over the business of all major corporations yet, and it’s even harder to understand how...
How to use data to shift your business from reactive to proactive It is beyond any doubt that financial organizations have to focus on improving their processes for handling incidents. Whether we are talking about fraud, risk management or regular operations, every slowdown in incident-handling processes always cost dearly. On top of that, slow processes…