Humans are notoriously unpredictable, but what if there was a way to better understand a borrower’s behavior that could help mitigate fraud and default losses?
"Continuous analysis of both traditional and novel data is the key to enhancing lending decision-making, and in turn profitability."
In 2020, a global study found that only 20% of executives - from a range of industries - believed artificial intelligence (AI) and machine learning (ML) directly attributed to 5% or more of their organisation's net earnings.
So are advanced analytics an overrated, trendy fad? Or a proven competitive advantage that only a select few are reaping the benefits of?
GDS Link's latest whitepaper explores how advanced analytics is helping financial organisations prepare their processes for the future and details how GDS Link's ModellicaPro offering helped five clients avert over $7 million in dollar losses and 40% fewer unit losses.