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Data Science in BFSI

Capitalize New Opportunities & Trends

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 2023, 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.

Soulpage leverages state-of-art technologies to help banking and financial service in discovering advanced techniques to build agile models to prevent fraud, automate transactional operations, reinvent how manual tasks are performed, etc.

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 BFSI Solutions

We, at SoulPage, take pride in developing solutions that continuously learn, improve and automatically upgrade – enabling digitization, management, and analysis of banking and financial data.

Are scalable, customisable and robust

Address and monitor regulatory compliance

Have dynamic and real-time 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

EVNet power & load


  • Fraud Detection
  • Customer Lifetime Value Prediction
  • Customer Segmentation
EVNet predictive maintenance

Financial Sector

  • Trading
  • Portfolio Management
  • Recommendations of Financial Products
EVNet fleet management


  • Credit scoring & Underwriting
  • Auto Insurance
  • Personalized Marketing

Our Latest Blogs & Insights

How Predictive Maintenance of ATMs Improves Bank’s Goodwill

How Predictive Maintenance of ATMs Improves Bank’s Goodwill

Predictive maintenance of ATMs reconstructs the operational cycle to create additional value for banks. How- the answer lies in the…

Read more
3 Key Machine Learning Models For Fraud Prevention

3 Key Machine Learning Models For Fraud Prevention

Machine learning has a clear advantage over the legacy model practices, as from various applications, fraud detection, fraud prevention, and…

Read more
Data Science in Insurance – How Insurers are harnessing the data

Data Science in Insurance – How Insurers are harnessing the data

The insurance industry is growing with an enormous amount of data that is being gathered from various sources like smartphones,…

Read more

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.


Enterprise Companies
Enterprise Companies

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