Synectics teamed up with Sagacity and FICO to reduce bad debt and missed customer payments for Sky Mobile, resulting in an award-winning fraud prevention programme.
During a strategic review, Sky noted an opportunity to improve how it detects mobile phone contract applicants with No Intent to Pay (NITP) risk. Despite being a prolific fraud typology, NITP is a notoriously hard-to-reach issue. Due to detection challenges, NITP losses are often written off as credit risk and financial health suffers.
So, Sky set out to build a new NITP strategy for mobile phone customers, enlisting the expertise of Sagacity, FICO and Synectics in a tripartite project.
The results are remarkable. Sky forecasts that it will slash annual bad debt by £4.6m and reduce the number of customers missing their first payment by 1.7%.
Hear more about Sky Mobile's story and how our tripartite team delivered such game-changing results below.