How banks can leverage AI to better manage pandemic relief programs
Posted: 2020-07-28
The recent massive economic shifts due to COVID-19 have driven up risk for the vast majority of financial services institutions. Customer sentiment, spending and behavior have changed, and enrollments in forbearance and deferral programs have shot up. In a recent article published at the Risk Management Association, Raj Gangavarapu (Head of Data Science at diwo) illustrates how banks can stay competitive in this shifting environment by leveraging AI to:
- Predict and track enrollment and performance trends;
- Mitigate losses and improve collections efficiency;
- Increase their digital-channel capabilities;
- Effectively leverage disparate data and capture complex multi-level relationships; and
- Monitor and improve models for a fast-changing environment.
Read the full article on the Risk Management Association Blog: https://www.rmahq.org/how-
How banks can leverage AI to better manage pandemic relief programs
The recent massive economic shifts due to COVID-19 have driven up risk for the vast majority of financial services institutions. Customer sentiment, spending and behavior... + 2020-07-28
Financial Services: Preparing for the Looming Credit Crisis
The COVID-19 pandemic has significantly affected financial institutions – slowing the growth of loan originations, increasing credit costs, contracting economic activity, and causing record levels... + 2020-05-15
Can retailers find strategies that balance short-term recovery with long-term sustainability to lead them out of the COVID-19 crisis?
Retail and fashion business leaders are currently focusing on business continuity (“keep the lights on”) and crisis management (“sell the right stuff”), but soon they... + 2020-05-05
Transforming Business Decisioning in the Pandemic era is more crucial than ever.
Our human tendency toward incremental thinking limited us from foreseeing how “a few cases of the flu” would balloon into the impact we see today.... + 2020-05-01
Surviving COVID-19: How can Retailers free up working capital tied-up in inventory?
Among the many sectors affected by COVID-19, retail will be one of the hardest hit. The sudden decline is attributed to country-wide store shut-downs and... + 2020-04-23
Don’t let your shiny AI models lose their luster!
Businesses have made significant investments in building AI/ML models in recent times. While models are increasingly driving significant operational efficiencies and differentiation for businesses, they... + 2020-04-22
AI Modeling in the time of Covid-19
Companies of all sizes are facing unprecedented uncertainty and challenges due to the global impacts of COVID-19. It has created a major systemic shock to... + 2020-04-14
How to derive value from your AI investments with Decision Intelligence
Ultimately, a company’s value is measured by the sum of its decisions. In order to succeed, the organization must make and execute decisions—across all levels... + 2020-01-24
Why isn’t my enterprise getting value from AI at scale?
Why do most AI initiatives for business fizzle out? Why do so many teams’ best efforts to develop or deploy new algorithms or predictive models... + 2019-11-21
Here’s why you’re probably losing the AI race
As the AI arms race is becoming more heated, more organizations are looking to beef up their competitive advantage... + 2019-08-01
Data In Wisdom Out
I am often asked by the curious, what do we actually mean by “wisdom out”. Is it just a marketing ploy or is there something more to it?... + 2018-10-31
Is Data a source of value?
We have always been exposed to natural and man-made events and have wondered and been impacted by their outcomes... + 2018-10-16
The Future of Decision Making: Human-AI Symbiosis
When we have to make an important decision, we face numerous challenges: uncertainty, complex data that’s difficult to interpret, competing priorities... + 2018-09-20
Digital Transformation- a $900B failure this year alone
Digital transformation has become a major priority for most organizations in some form or another, but for many, it’s proving to be quite the challenge... + 2018-09-20
So What’s AI’s Dirty Little Secret?
One could read the massively hyped claims of the trillions in productivity gains and then how far AI still has to go for real-world application... + 2018-09-20
How AI can rescue your BI “situation”
Even with a few credible upstarts in the past couple years, Self-Service BI still seems to be dominated by some large players that also require some very large and "very ongoing" commitments... + 2018-03-20
Business First! – how diwo aspires to flatten the knowledge pyramid
We can all agree on the fact that we are sitting on an unprecedented volume of data, and it is continuing to accumulate exponentially... + 2017-09-18
The Growing Market Impact Of AI
The future is always uncharted territory, and in the hype that currently sorrounds AI, with its ambiguous... + 2017-09-18
AI: How It Will Redefine My Job?
In the past few years, there has been an explosion in innovation and interest around Artificial Intelligence... + 2017-09-18
Wait Less, Sense More, Act Fast!
“If I had more legs, I could walk faster. If I had more hands, I could handle more, and if I had extra senses, I could respond wiser” – did you ever wish that?... + 2017-09-11
Unlocking the holy grail of UX design: bias-free user feedback in real time!
The potential of measuring emotional feedback from users is an exciting proposition in many fields, not least because it offers the possibility of unlocking... + 2017-07-25
What’s the Deal With AI Connectors
Artificial Intelligence (AI) is changing our lives, and these days feels more omnipresent than ever before. From Siri to autonomous cars... + 2017-07-25
Business Analytics-Why Search is Not Enough
Due to the popularity of internet searches, many businesses have attempted to adapt the search paradigm to tame their own unruly document clutter... + 2016-09-15
Drowning in data? Still no excuse for inaction!
Wouldn’t it be fantastic if we had a total understanding of the laws governing the reality around us? Imagine for a... + 2016-09-15