The Intelligent Delinquency Prediction (IDP) accelerator helps you leverage Machine Learning and BPM to pick up early signs of financial distress before the loan borrower becomes delinquent, allowing you to take proactive steps to avert potential delinquency.
Create your own Intelligent Delinquency Prediction solution using this accelerator.
The Need for Delinquency Prediction
Every Bank performs thorough due diligence before approving any loan to its customers. This involves rules driven by Credit Score, Annual Income, Liabilities, value of loan and collaterals, history, etc. However, times change and so do situations with individuals. Unforeseen conditions like Medical Emergency, Job Loss, Litigations, New Liabilities cannot be predicted at the time of loan origination.
These situations make an individual vulnerable to delinquency.
Delinquency Risk Mitigation with Machine Learning and BPM
Put historical delinquency data to use using Machine Learning and BPM. Identify and pick up early signals of financial distress before the borrower becomes delinquent. Use BPM for risk review and loan remediation to proactively avoid delinquency before it happens.