Applying Big Data Analytics in the Financial Services Industry
Cognilytics has been providing solutions to financial services clients since our firm’s inception. Our practitioners learned the financial services industry through years of experience working at firms like American Express, AIG, Capital One, Chase, Fannie Mae, HSBC and VISA. We offer solutions from model development to model implementation and model risk management across a wide array of financial products and services including payment cards, retail banking, consumer/commercial lending, insurance and wealth management.
Read more on how Cognilytics worked with a U.S. Top 10 Financial Institution to mitigate risk – LOSS FORECASTING MODELS for CCAR.
FINANCIAL SERVICES – ANALYTICS SOLUTIONS MATRIX
|Payment Networks / Card Issuers||Insurance||Retail Banking and Consumer Finance||Model Risk Management||Decision Analyzer ® Model Execution Platform|
|Acquire Profitable Customers||Agent Lifetime Value Analysis||Strategic Customer Segmentation||Anti-Money Laundering (AML)||Streamlined Stress Testing|
|Spend Lift Campaigns – Consumer, Small Business, Commercial, International and Co-brand Cards||Customer and Agent Attrition Models||Prospect Acquisition||CCAR Loss Forecasting||Data to Decision Platform to help transform data into actionable insights|
|Underwriting strategies||Price Sensitivity Analyses||Mortgage Clustering||Basel (PD/EAD/LGD) Models||Big Data Orchestration|
|Track Portfolio Performance and Perform Industry Benchmarking||Distribution Analysis||Banking Customer Churn/Retention||New Account Originations||Model Execution|
|Spend Shift Initiatives||Claims Processing Efficiency||Cross-Sell and Offer Optimization||Mortgage Insurance||Cutting Edge Visualization|
|Portfolio payment volume decomposition||Workers Compensation Trends||Silent Attrition/ Customer Decay||Credit Bureau Score Validation|
|Spend Band / Market Segments Reports||Unreported Chronically Ill Member Identification||Marketing Mix ModelingBrand Health Analysis||Third Party Fraud Score Validation|
|Promotional Program Effectiveness||Deeper IBNR Pattern Analysis|
|Debit to Credit Migration||Next Likely Product SaleClaims Fraud|
|Increase Customer Lifetime Value|