To make accurate credit risk decisions, your team needs a similar, efficient and connected process. A single, centralized access point feeds the right data into your decisioning engine at exactly the right time for smarter decisions. No need to sort through hundreds of data sources and as many contracts - one platform and one contract powers curated data and decisions across the whole credit lifecycle. With real-time, on-demand data, you can say “yes” to more of the right customers, faster than ever before.
“Only 27% of financial institutions rate the access to data as strong.” Digital Banking Research Report, Jan. 2021
3. Centralized Control: data and AI- powered decisioning across the customer lifecycle To power continuous innovation across the customer lifecycle you need to be able to launch, learn and iterate with ease, but separate solutions for data and AI-decisioning slow innovation down. What can a smart home teach us about better decisioning across the customer lifecycle? Smart homes bring together data and decisioning to manage identity and produce better decisioning experiences. For example, if someone tries to enter your home, your home’s security system can check the identity of who’s at the door to make sure they only have access if they’re meant to. Whether it’s from facial recognition, pin codes, or even fingerprints, the doors are only unlocked for the right people and entry for those people is quick and easy.
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