IMPROVE CREDIT SCORING

Predictive models use customer data more effectively to better differentiate levels of applicant risk

RISK BASED PRICING

Segment customers by risk factors more quickly and accurately, rapidly forming credit risk grades

REDUCE FRAUD

Create ‘data detectives’ to spot patterns that are not obvious to humans or traditional models

FAST TIME TO VALUE

Models are built and deployed within two weeks, easily integrating into current insurance application workflows

BETTER CUSTOMER EXPERIENCE

XAI models allow businesses to fully understand and explain predictions in a GDPR compliant manner

The challenge

The ever increasing sophistication of fraudsters, particularly in digital channels, is evident every day. They can pose a significant threat to the viability of lending businesses and lenders need to invest and protect their operations to stay one step ahead. Fraudulent activity can be extremely difficult to prevent and manage. As customer spending habits evolve, fraud strategies change rapidly.

Solution: Explainable AI from Logical Glue

Traditional data analytics can only track historic behaviours and has difficulty identifying the ways fraudulent activity develops and changes. Machine learning can be used to create ‘data detectives’, which have the tools to ingest and utilise large volumes of data in real-time and the algorithms to automatically spot patterns that are not obvious to humans or traditional models. Engaging these processes ensures that trustworthy customers are processed quickly and efficiently. However machine learning goes further, by highlighting the reasons and drivers behind fraudulent applications.

Get in touch

Let Logical Glue build you a brighter business future.

Logical Glue’s team of highly experienced machine learning experts can help you to harness the explosive power behind XAI and Data Science: our cost-effective solution provides business-critical assurance through our expert marrying of cloud-based machine learning, data science and lending acumen as an intuitive learning experience.

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