Syoncloud introduced Big Data / Data Science solution for retail banks
October 11, 2013 in London, UK
Syoncloud delivered Big Data / Data Science solution for retail bank. It covers areas such as Individualization of product offers to existing clients, early fraud detection and fraud damage mitigation, prediction of products cancellations and client's defections, optimal allocation of cash to ATMs and bank branches, minimization of usage of expensive bank channels such as branch visits and reliable assessment of clients for debt products.
It utilizes primary datasets from bank such as accounts movements, direct debits and standing orders, product subscriptions and log files from online banking.
More details can be seen at: Big Data for Retail Banks