Banking and Financial Service Applications
Banking
Fraud detection
Regulatory Compliance
Risk Management
Customer 360
Credit Scoring
Insurance
Improve risk scoring and claims processing
Attractive offerings
Seamless user interaction
Improve customer service
Financial Services
Improve risk scoring and claims processing
Attractive offerings
Seamless user interaction
Improve customer service
Sparkflows Solutions
Fraud Detection
Identify the pattern, analyze the trends, compare them against fraud detection
Data analytics integrates structured & unstructured data to reveal information about bank fraud
Fraud transactions are flagged in real time making it easier to catch them quickly
Process millions of transactions, real-time capability, and deep analysis that uncovers trends in data
.png){kind=spacer}
The analysis system suggests immediate actions like blocking irregular
transactions
50+ ML algorithms available in Sparkflows
35+ File Formats and Connectors available
Variety of NLP algorithms available
Regulatory Compliance
Improve the accuracy in identifying the rules that apply to banks and fix the institution
Augment the skills of compliance officers allowing them to scale their operations
Automatically scour through the web and identify only the most relevant documents
Use Machine Learning AI models appropriate for the client- company’s use case
Risk Management
.png)
Credit Risk
Use Machine Learning algorithms to better assess credit histories. They reveal the additional vulnerabilities missed by human eyes
.png)
Fraud Risk
Build AI models quickly spot patterns from various channels and send alerts about fraudulent activity
Underwriting Risk
Artificial Intelligence is used to collect data points from multiple sources and give a rounded risk profile for each customer
_edited.png)
AI & Risk Management
Align when there is a need for handling and evaluating unstructured data
Sparkflows supports
Deep Learning with Keras
Ability to Read & Process Images
Scale horizontally to millions of images
Customer 360
Ingest, integrate and enrich all of your customer data into a data lake. This makes every bit of customer data easily available to the entire organization
We are harnessing the vast resources of customer data with modern Data Architecture leveraging Hadoop, Spark, Machine Learning, and Artificial Intelligence
FPG algorithm available
in Sparkflows
Scales to any size dataset
Multiple clustering algorithms available
Credit Scoring
Artificial Intelligence is a great solution using more data to provide individualized credit score
The credit score is based on current income, employment opportunity, recent credit history, ability to earn, older credit history
Assess each borrower and provide credit to those who were denied under the conventional scorecard system
AI adopts new problems like credit card churners who have high credit score but not likely to be profitable for the card issuer
Sparkflows connects with various data sources and scales to Petabytes
Perform various Analytics on the Data by slicing and dicing it
Use various classification & recommendation algorithms
Anti Money Laundering
Sparkflows uses ML Technologies to find a suspicious transaction
These transactions are flagged for investigation and can be scored as high, medium or low priority for better investigation
The AI can also provide reason code for the decision to flag the transaction. These codes tell the investigators where they might uncover the issues to streamline the process
AI learns from the investigators to review and clear suspicious transactions
Fraud Mitigation
Sparkflows builds ML models that can be used to automate claims assessment and routing based on existing fraud pattern
Customer Retention
Sparkflows builds a great solution for customer churn prediction. AI can look at new data sources, complex interactions between behaviours to determine risk, recommend best offer, identify why a customer is at risk
Rate Management
AI models are used for anomaly detection, clustering and creating recommendations which makes it ideal for finding issues and developing more individualized insurance policies and rates
Claims Management
Sparkflows uses the AI model to streamline processing by scoring claims for fraud, provide reason codes for claim denials. Reason codes are helpful for customers which help them to fix the claim for reprocessing, approval and payment