The landscape of consumer lending has witnessed remarkable changes over the past few years, driven largely by advancements in technology. Today, the adoption of advanced analytics stands as a pivotal force reshaping the industry globally. There are multiple use cases where advanced analytics has proven its worth for lenders. However, many consumer finance firms are yet to take full advantage of AI and advanced analytics. Areas such as profitability growth, credit decisioning transparency and financial inclusion are ripe for further exploration.
This virtual discussion will feature Giovanni Oppenheim from Earnix – a global leader in predictive AI and advanced analytics for financial institutions and Douglas Blakey Editor of Retail Banker International at GlobalData.
The discussion will explore the developments taking place within the consumer finance sector, predictive AI and data analytics, whilst examining specific growth opportunities in loan personalization, affordability, pricing, and credit risk.
Discussion topics will focus on advanced analytics and AI use cases, including:
- Assessing affordability and addressing increased credit risk.
- Credit decisioning transparency and regulatory compliance in consumer finance
- Loan personalization: providing better service for overlooked or underserved customers.
- Powering financial inclusion while keeping lender profitability in mind.
- Using predictive AI for better forecasting.