Provenir_2022_Fintech_Agenda_APAC

F or 91 % o f r e spo nden ts , f r a u d pr e v en t i o n i s a m o ng t he pr im a ry d r i v e rs o f t hei r in v e st men ts in AI - en a bled r i s k deci s i o ning . 75 % o f r e spo nden ts s eek to a uto m a t e deci s i o n s a c ross t he c r edi t life c y cle . F r a u d pr e v en t i o n i s t he bigge st d r i v e r f or in v e st men ts in AI - en a bled r i s k deci s i o ning .

91 %

W h a t i s t he pr im a ry d r i v e r f or a n y in v e st men ts you ’ v e m a de / w ill m a ke in AI en a bled r i s k deci s i o ning ?

75 %

68 %

60 %

55 %

54 %

52 %

51 %

37 %

F r a u d pr e v en t i o n

A uto m a t e deci s i o n s a c ross t he c r edi t lifec y cle

C ost s a v ing s a nd op e r a t i o n a l efficienc y

M or e c o m p e t i t i v e pr icing

I m prov e c usto me r e xp e r ience

I m prov e fin a nci a l p e r f or m a nce

M or e a cc ur a t e r i s k pro file s

G row m a r ke t s h a r e w i t h u nde r b a nked / u nb a nked popu l a t i o n s

I nc r e a s e m a r ke t diffe r en t i a t i o n

O nl y 7 % o f r e spo nden ts begin to s ee a n y r e tur n s f ro m t hei r AI in v e st men ts w i t hin 120 d a ys .

75 % o f r e spo nden ts did n ot s ee a pos i t i v e RO I u n t il 45 m o n t h s a f t e r im p lemen t a t i o n .

H ow l o ng a f t e r im p lemen t ing AI ( pr edic t i v e a n a l yt ic s / ML did you begin to s ee pos i t i v e RO I ?

75 % 121150 d a ys

6 % 61120 d a ys

16 % M or e t h a n 150 d a ys

2 % W e h a v e n ot im p lemen t ed AI

1 % 060 d a ys

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