ARTIFICIAL INTELLIGENCE

IN BFSI INDUSTRY

 Fraud Claim Detection:

 

  • Helps to process large volumes of data and find fraud patterns

  • Apply patterns for real-time fraud claims and send it for further review
  • Retrain ML models by taking feedback after clearing investigated transactions

Customer Segmentation :

  • Helps to build ML models for clustering customers by considering multiple parameters
  • Segmented customer insights helps to provide customized user experience
  • Segmented customer data helps for effective marketing campaigns

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Customer Churn Prediction :

  • Crucible helps to build highly accurate churn predictive models.

  • Segment possible churn customers in the near future and provide more offers to retain.

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Personalised Rate Management :

  • AI is ideal for anomaly detection, clustering, and creating personalized insurance policies and rates

  • Consider individualized factors such as driving behavior, location, weather, time of day and many more

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Loan Defaulter Management :

  • Helps to train ML predictive loan defaulter models by processing history data of existing customer base
  • Apply trained models to find chances of loan default for new loans to existing or new customers