PREDICTIVE ANALYSIS: HOW TO IMPROVE LOAN COLLECTION RATE USING COViD-19 HEALTH DATA.
Prime Minister of India has announced lockdown of the Indian states till 3rd May 2020. Economies across sectors are impacted.
Where should financial institutions get maximum payments on-time? Which areas of the country are favorable spots of recovering loans? Identify Individuals who can make payments? And Identify customer benefits, that an institutions can pass to their regular paying customers?
AiBlock™ assimilates Co-VID-19 health data, borrowers’ demographic data, past payments, source of income, and more than 500+ non-traditional data points – when processed provides a predictive heat map of favorable loan collection green spots that will improve collection rates in these difficult times and keep customers happy.
AiBlock™ integrates into Bank’s core systems and using district-wise CoVID-19 data points, it provide precise and efficient decisioning models for loan collection agencies to continue their business plan and achieve collection targets keeping sentiments of customers ahead of everything else.