In the era of digitization, the inclusion of artificial intelligence can be seen in almost all business areas. The advent of data science and machine learning has transformed business analytics by augmenting human intelligence and empowering users to make informed decisions. Among various use cases of Banking Risk and Compliance practice, in which Care Risk Solutions has harnessed AI capabilities, an important feature is loan default prediction to provide early warning.

Some of the essential offerings by Care Risk’s EWS via machine learning models and statistical analysis capabilities are as follows

  • Continuous risk assessments of the borrower portfolio by loan delinquency predictions.
  • Borrower evaluation complementing business rules based on multiple risk parameters such as financial health and transaction behaviour.
  • Enriched Statistical charts for rule threshold optimization.
  • Sentiment analysis models to evaluate current news and events of the borrower.