Our client, a major retail finance provider, needed a better way stop dead-end lending and push profitable applications through faster.
The answer lay in clamping down on organised crime. Specifically, finding the hidden links to OCG applications guaranteed to turn bad, while green-lighting legitimate customer credit at speed.
To achieve this, our client turned to Synectics’ predictive AI, rock-solid data and rapid risk screening tools: the vital trio for flagging early warning signs and subtle links to organised crime activity that erodes retail finance growth.
The results? Soaring sales and bad debt slashed, with fraud detection speeds increased by 64%. In our client’s words, “we’ll never go back to life before Synectics”.
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