Financial Risk Analytics
Digitization and big data are opening up entirely new possibilities in terms of customer-specific approach, advice and commitment. It is already evident that some banks and insurance companies are gaining considerable competitive advantages and others are falling behind with new methods and technologies. Risk Analytics is a key factor in meeting the disruptive challenges and new competitors. With Risk Analytics, companies in the financial and insurance industries, for example, can assess default risks more comprehensively, detect fraud intentions more quickly, or better assess the eligibility of claims. In addition, personalized offers can be used to expand existing business as well as attract new customers.