Card/DDA Risk Management
Austin Logistics' predictive analytics software solutions for financial services drive a new level of precision and efficiency at discrete decision points that occur early in the account cycle as well as at payment and deposit decision points.
Early Assessment for DDA
EarlyDetection System™ drives rapid scoring of new DDA accounts, decreasing the traditional assessment gap between the origination period and generation of internal behavior scores. As an industry first, this solution aggregates traditional and non-traditional data sources to determine the risk or revenue potential of new accounts, as early as the first day of transactions.
Until now, companies have relied on origination data to make initial decisions which limited implementing account management activities until behavior scores were available. Using Austin Logistics' solutions companies can gain a competitive advantage in the industry:
- For revenue management - Predicts a customer's value and propensity to respond to a particular offer. Early identification of high-value, high propensity customers drives early loyalty and revenue generation through cross-sell, rewards programs, and features such as free checking and balance transfers.
- For risk management - Determines optimal thresholds for daily withdrawals, overdraft protection and amounts. It also provides precise information to minimize losses including propensity for fraud.
Early Assessment for Credit Cards
EarlyDetection System™ drives rapid scoring of new credit cards accounts, decreasing the traditional 3-6 month assessment gap between origination and behavior scores. As an industry first, this solution aggregates traditional and non-traditional data sources to determine the risk or revenue potential of new accounts, as early as the first day of transactions.
Until now, companies have relied on origination data to make initial decisions which limited implementing account management activities until behavior scores were available. Using Austin Logistics' solutions companies can gain a competitive advantage in the industry:
- For revenue management - Predicts a customer's value and propensity to respond to a particular offer. Early identification of high-value, high propensity customers drives early loyalty and revenue generation through cross-sell, rewards programs, and features such as free checking and balance transfers.
- For risk management - Determines account settings such as optimal credit line, cash advance withdrawal limits and shadow limits. It also provides precise information to minimize fraud losses and assist with account authorization blocks when needed for balance containment.
Deposit Risk Management
NSFGuard® reduces losses by identifying high-risk and fraudulent deposits and increasing the accuracy of the hold versus no-hold decision. Traditionally policies have been applied at the segment level. NSFGuard predictive analytics software solution makes decisions at the account level according to pre-defined thresholds and business strategies, and all within regulatory guidelines.
Service levels and satisfaction for deserving customers is improved as funds are made available faster to them. Losses in excess of NSF fees are reduced through proactive identification of high-risk customers. Fraud activities, including check kiting are proactively detected to mitigate losses. NSFGuard is applicable to deposits, payments to mortgage loans, car loans, HELOC's and other revolving retail bank lines of credit.
Payment Risk Management
NSFGuard® reduces losses by identifying high-risk and fraudulent payments made to credit card balances by check and increases the accuracy of the float versus no-float decision. Until now, policies have been applied at the segment level. NSFGuard predictive analytics software solution makes decisions at the account level according to pre-defined thresholds and business strategies, and all within regulatory guidelines.
Service levels and satisfaction for deserving customers is dramatically improved as open-to-buy on their credit line is made available faster. Fraud activity is proactively detected to mitigate losses.
Interested in hearing more?
Contact Austin Logistics for more information.
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