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Helping BFSIs Leverage Data Science For Disruptive Innovation
Data is the most valuable element in any sector. BFSIs are considered to be the pioneers in generating large volumes of data. We believe that, by 2020, the amount of data generated from this sector in each second will grow by 700%. Hence, it is inevitable for BFSI organizations to disrupt their analytics landscapes and gather valuable insights.
Gain Competitive Edge With Our Data Proliferation & Analysis
SoulPage uses advanced Data Science technologies that enable our clients with faster and better strategic decision-making abilities. We help banks, financial services, and insurance companies leverage deep data technologies like Artificial Intelligence, Machine Learning, NLP and Computer Vision, etc., to realize advanced data capabilities to build innovative products, deliver personalized customer experiences, drive revenue, and mitigate risks.
We can help banks leverage Data Science and AI technologies to predict downtime of their ATMs, adopt preventive maintenance and keep their ATMs up and running all the time.
Our Data Science in Healthcare Solutions
We, at SoulPage, take pride in developing solutions that continuously learn, improve and automatically upgrade – enabling digitization, management, and analysis of visual medical data.
Are Scalable and Customized
Address and monitor Regulatory Compliance
Have Responsive Dashboards
Are effective in Fraud & Risk management
Can measure Customer and Product Profitability
Enable Informed Operational Decision Making
Our Data Science Methodology
Define a data strategy and align it with our client’s broader business goals.- Identify the areas where data and analytics can have the greatest impact.
- Integrating insights with decision management systems.
- Select a data platform that is scalable, flexible, and secures business needs.
- Identify a business problem & resolve it with data and then expand that solution to address other issues.
Data Science in BFSI Use Cases
Churn Prediction
Customer churn has become one of the most pressing issues that need to be addressed by the industry as churn has an equal or greater impact on Customer Lifetime Value. We work towards preventing attrition, alerting on the at-risk customers, improving marketing ROI, and identifying the causes for lower customer satisfaction levels, etc.
Cross-sell and Upsell
Cross-selling and upselling the products and services to the customers enables the organization to earn more revenues and profits while strengthening customer relationships. Our Analytics will provide a Win-Win scenario for all the parties involved, as our deeper insights on customer information will help our clients in recommending more relevant products & services to their customers, thereby generating more revenues and improving customer loyalty.
Risk and Compliance
The BFSI sector has to perform regular compliance and audit their data & other assets. We help you build solutions that help our clients with Asset & Liability assessments, predict market risks, credit risks, and compliance risks. Our data-driven solutions will enable the clients with an effective and automated contract management system to identify the key compliance needs and improve the contract processing times. Anti-money laundering related transactions can be averted.
Fraud Analytics
With increasing volumes of transactions and increasing trends of virtual transactions, there will be a steep rise in the number of frauds too. Fraud analytics is an inevitable step to be taken, especially by the BFSI sector, to safeguard the interests of its various stakeholders. Our comprehensive Analytics identifies the patterns of fraudulent transactions and enables our clients to always be a step ahead in predicting and preventing the next fraud from happening.
Applications of Data Science in BFSI
Banking
- Fraud Detection
- Customer Lifetime Value Prediction
- Customer Segmentation
Financial Sector
- Trading
- Portfolio Management
- Recommendations of Financial Products
Insurance
- Credit scoring & Underwriting
- Auto Insurance
- Personalized Marketing
Our Data Science Technology Stack
Big Data Analytics
Harness the power of the data to unlock hidden opportunities and get desired business benefits with our Data Analytics solutions
Text Analytics
Useful actionable insights derived from our Text Analytics Services provide valuable information about business opportunities and risks.
Computer Vision
Our Computer Vision solutions leverage advanced AI and optimize business processes by extracting data from images and videos.
Machine Learning
Solve complex business problems with our Machine Learning solutions that leverage new-age data processing frameworks best suited for businesses.
Recommendation Engine
Our AI-powered Recommendation Engines are algorithmically accurate, provide better actionable insights and higher ROIs.
Digital Transformation
Redefining businesses by delivering seamless and disruptive digital experiences with our Digital Transformation consulting and services.
Predictive Analytics
Our state-of-the-art Predictive Analytics models provide deep insights, identify trends, and help derive strategic decisions.
Reinforcement Learning
Our goal-oriented Reinforcement Learning algorithms learn how to attain a complex goal and help in the process of sequential decision making.
Internet of Things
We leverage IoT and other supportive technologies to build build smart IoT products and solutions.
Why Choose SoulPage As Your Data Science Partner?
Complete Suite of Services
From strategy consulting to development, our wide range of services will help you at every expand your data capabilities.
Creative Engineering
We understand data science technologies and we know how to creatively leverage it to build customized and innovative products & solutions.
Complete Regulatory Compliance
We ensure proper and complete compliance with the country, state, and industry-specific regulations.
OUR CLIENTS
