StatSoft Solutions for the Financial Industry help to increase profits and reduce costs, resulting in ROI so rapidly that our customers adopt our solutions, and stay with our solutions. The financial industry is varied and opportunities abound for leveraging the predictive power of STATISTICA. Make your data work for you in areas of predicting risk, detecting fraud, making decisions regarding credit and keeping your customers. If you are in the Financial Industry, there is a StatSoft solution that will increase vital profits, decrease unnecessary expenses and aid you in making business decisions. The following specific solutions for the Financial Industry are available.
Retain existing customers who may be considering purchasing products or services from competitors, and engage with customers preemptively to improve loyalty and retain their revenue through churn analysis, or calculating the rate of attrition and identifying which customers may be impacted. Churn analysis aids in the development of effective marketing campaigns and identifying valuable customers based on profit margin.
In today’s market, solutions need to be comprehensive, taking into account not only the customer's information, but a full spectrum of credit scoring issues. The StatSoft solution accommodates data preparation and model building needs, including tools that can evaluate the accuracy, efficiency, and functionality of models in use, allowing for ease of deployment to meet the rapidly changing landscape of credit applications.
Understand customer needs, preferences, and behaviors through powerful data mining techniques which will uncover hidden trends and explain the patterns that affect every aspect of success. Recent advances in database technology and data mining software have made it possible to leverage data in customer analytics, developing business strategies more intelligently than ever before.
Control costs and prevent losses proactively by detecting fraudulent claims, mitigating fraud before it happens through the use of proven predictive analytics and a robust platform to detect anomalies and characteristics of fraudulent claims, even in real-time.
Make decisions in a complex and uncertain environment regarding credit limits and approvals which must be compliant with regulatory and policy rules, reflect known segmentation rules among products and customers, and incorporate standard as well as advanced and emerging predictive risk modeling techniques, such as text mining.
The Scorecard Solution accommodates the full spectrum of diverse needs for companies who utilize scorecards. This choreographed set of dedicated modules allows for developing, evaluating and monitoring scorecard models including data preparation, feature selection, attribute building, modeling, scorecard preparation, evaluation, cut-off point selection, calibration and monitoring population stability.
STATISTICA Solutions Provide
- Optimized Results: Compare the latest data mining algorithms side-by-side to determine which models provide the most gain.
- Leading-Edge Predictive Analytics: Sophisticated algorithms to build models that provide the highest accuracy and best ROI.
- Integrated Workflow: STATISTICA Decisioning Platform® provides a streamlined workflow where business rules and industry regulations are used in conjunction with advanced analytics to build powerful predictive models.
- Enterprise-Wide Solution: A multi-user, role-based, secure STATISTICA Enterprise platform allows for a truly collaborative environment to build, test, and deploy the best possible models.
- Enhanced Text Analytics: Advanced text miner tool leverages unstructured/textual data such as claim notes within the model building process.
- Batch or Real-Time Processing: Use the models you have built to determine churn and indicate, either by batch or in real-time, the customers who are likely to transfer their business to another company.
- Reflexive Models for Real-Time Needs: Live Score® processes new customers instantly and updates models in rapid turn-around times made possible only by STATISTICA’s integrated solutions.