A Sound Connection Data-driven decisioning and analytics tools provide simple, real-time solutions for the telecom sector’s complex credit risk concerns. While credit risk managers in the telecommunications sector have faced increasingly complex challenges over the course of the industry’s evolution, today’s data-driven decisioning and analytics tools have helped provide simple solutions with dramatic upsides. Among other benefits, telcos can now achieve more efficient, real-time credit scoring, lower churn, and even uncover large populations of potential new lending opportunities. Moreover, as fierce competition and commoditization of the industry has stifled growth, data-driven decisioning and analytics can help telcos construct entirely new sources of revenue—especially as they branch out into consumer and business financing and other financial services solutions. As the telecommunications sector expands further, with billions of people, businesses and devices eagerly awaiting connectivity, the need for companies to have the right data, at the right time, and in the right place will become even more critical. Data-driven decisioning and analytics tools enable operators to have an exponentially greater chance of outdoing their rivals by homing in on the right products, such as tailored financing options, while engaging more effectively with their customers—clearly creating very sound and lucrative connections.
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