Reinvent every critical business process from evaluating and pricing risk to personalizing the CX. Meet the needs of customers and regulatory bodies while increasing security, reducing fraud & maximizing profitability.
Financial services companies like these find we deliver better returns.
Three Ways Data Science is on the Money
Drive Revenue
Expand customer relationships through targeted selling
Reduce churn by predicting at-risk customers
Optimize new products and services based on customer insights
Use sophisticated scenario modeling for economic forecasts
Cut Costs
Streamline operations by determining optimal execution paths
Reduce settlement errors by monitoring transactions for early problem detection
Reduce false-positive AML cases by precisely classifying suspicious transactions
Predict customer behavior outliers for easier KYC compliance
Manage Risk
Reduce bad debt through early identification of problem signs
Increase visibility into portfolio risk by predicting default probabilities
Prevent rogue trading with integrated communications and trade surveillance
Improve cybersecurity by prioritizing attack investigation and remediation efforts with AI
Reinventing Business Processes with Analytics
By harnessing the power of AI with RapidMiner, financial services companies can reinvent critical business processes. That includes tightening cybersecurity, evaluating and pricing risk, ascertaining credit scores, predicting cash flow events, and driving customer acquisition, personalization, and loyalty.
You can also leverage AI to improve transparency, prevent and detect fraud, and meet regulatory demands such as Know-Your-Customer (KYC) and Anti-Money Laundering (AML), as well as real-time transaction reporting.
AI for Financial Services—Why Now?
Financial institutions are under more pressure than ever. Emerging competitors and disruptive technologies are changing how and where people spend, save, and invest, with customers demanding more value and flexibility.
Criminal activities have become so sophisticated that it’s hard to keep ahead of fraud and cyberattacks. Regulatory demands require a frenetic pace of self-analysis and reporting.
AI can make a dramatic difference in all these areas, transforming business processes, ensuring compliance and transparency, driving profits while cutting costs, and freeing up staff to concentrate on other tasks.
Discover the RapidMiner Data Science Platform
RapidMiner unifies the entire end-to-end data science lifecycle so that you can turn promising data science projects into solutions that deliver real business results—and set you apart from the competition.
Really fast and reading all kinds of databases. We use it for merging SQL, MySQL, Oracle databases, with ETL processes. Transformations and calculations are simple to use. Besides that, we use it for automation and optimization, fraud detection and strategy creation.
Reporting Expert
Carriers
Excellent Interface and Easy Model Generation Thanks to AutoModel
We started using RapidMiner Studio years ago. The excellent
results speak for themselves, so we have been very satisfied with our
cooperation with RapidMiner for a long time. The support is remarkable and
leaves nothing to be desired.
Data Analyst
Retailers
Best Data Science and Machine Learning Solution
I
found features of RapidMiner to be extremely useful from data preparation to
data analysis as an experienced user of data mining projects utilizing open
programming languages, developing predictive models, and placing them in a
visually appealing presentation.
Senior Software Engineer
IT Services
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Measuring & Enhancing Integrity with Data Science
Learn how the team at Ernst & Young used RapidMiner to harness their unstructured data and create more powerful, efficient compliance and risk assessment processes.
Many AI/ML projects die before they have a chance to fly because they lack a solid foundation. Learn a methodology that’s been developed and tested over 10+ years that provides a reliable underpinning to set your projects up for success.
Transform critical business processes and win customers, while staying secure & compliant. Request a free AI Assessment to determine the feasibility and business impact of the your high-priority use cases.