Case Study

BANK STREAMLINES COLLECTIONS WITH AI

BANK STREAMLINES COLLECTIONS WITH AI

Pages 2 Pages

© Altair Engineering Inc. All Rights Reserved. / altair.com / Nasdaq: ALTR / Contact Us CASE STUDY 50% FASTER COLLECTION OF TOTAL OUTSTANDING DEBT 4 WEEKS SHORTER DEVELOPMENT TIME AUTOMATED MACHINE LEARNING IMPROVES OPERATIONAL EFFICIENCY BANK STREAMLINES COLLECTIONS WITH AI Background A multinational financial services company wanted to explore improving its collection rate and process but did not have the in-house talent it could dedicate to the project. Challenge With billions in assets and more than 25 million customers throughout the world, the bank needed to integrate new sources of highly granular credit data with historical data from a variety of structured sources and semi-structured. Their collections process lacked prescriptive analytics to optimize whi

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