PREFACE

Finance and banking sectors are enormous and form critical pillars of the world’s economy and are ripe for Artificial Intelligence revolution. For global banking, McKinsey estimates that AI technologies could potentially deliver up to $1 trillion of additional value each year. This includes the traditional AI solutions such as data analytics, digital banking as well as advanced AI solutions for automatic loan approval, risk assessment and even customer service chatbots. To unlock such tremendous values, finance and banking sectors ought to become ‘AI first’.In this document, we outline some products and solutions developed by Qult relevant to banks and financial companies. These products and solutions practically showcase the tremendous value that Artificial Intelligence technologies can unlock and hint at the bright future ahead for these technologies.

CreditBOT

Leverage Machine Learning and Artificial Intelligence to deliver up to 90% accurate credit risk assessment with no human supervision.

Credit underwriting is the backbone of world economy and healthy credit underwriting is a driver of wealth and prosperity. Unfortunately, credit lending institutions suffer serious losses when borrowed credit is not returned. For example, for banks across the globe, S&P Global Ratings forecasts credit losses of about $2.1 trillion for 2021. Intelligent credit underwriting approval has thus potential to provide multi trillion dollar savings to banks. We introduce CreditBot, which utilizes the past records of payments by customers to train machine learning models to estimate the risk of non-payment by a leasee or borrower. This can help banks & financial companies handle upto 2x numbers of credit requests at a 20% faster pace.

Key Features

HowItWorks

CreditBOT easy to integrate API enables our clients to derive great value, maximize revenues with highly accurate and fast decision making.

Bussiness Benefits

SelfSenseAI

SelfSenseAI is an advanced analytics system which uses machine learning and data of customers and their purchased financial products to predict what products a new customer is likely to purchase. Further, it identifies novel up-sell and cross-sell opportunities. The system seamlessly integrates via API with banking apps and/or email marketing channels and results in 30% more purchases; resulting in as much as 10% more revenue for the company.

 

 

Everage Machine Learning and Artificial Intelligence to recommend financial products that a customer is 30% more likely to buy generating 10% more revenue for the company.

Key Features

HowItWorks

Basic Benefits

RoboAdvisor

Leverage data analytics and mathematical and economic models of the market to select a portfolio with 360 view of data to help customers achieve their financial goals.

RoboAdvisor by Qult AI introduces novel algorithms for portfolio optimization; utilizing state of the art machine learning, reinforcement learning and forecasting methods complemented with the classical models of financial markets. Our interface allows smooth onboarding with easy to do customization; suitable for first time investors and seasoned investors alike.

Key Features

HowItWorks

Business Benefits

AccountAI

Leverages modern time series forecasting and machine learning methods to predict future customer behaviour with respect to payments with up to 98% accuracy.

AccountAI introduces accurate payment behaviour forecasting which can pre-empt when a borrower might fail to make a payment on time; further, whether any action, such as sending a notice to the borrower is required or not and when can the lender company expect the late payment to be made. This enables the lender company to minimize intervention costs, improves lender-borrower behaviour and permits accurate forecasts of profits and losses for the lender company.

Key Features
Business Benefits

HowItWorks

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