LONDON--(BUSINESS WIRE)--Quantzig, a global data analytics and advisory firm, that delivers actionable analytics solutions to resolve complex business problems has announced the completion of its recent article that examines the role of banking analytics in delinquency management.
The article also offers comprehensive insights on:
1. The top four risks in banking and financial services sector
2. The role of big data in banking and financial services to ensure safe financial operations
Delinquency prediction can help lenders substantially reduce their lending and refinancing risks. Request a FREE proposal to gain comprehensive insights into the role of banking analytics in the banking and financial sector.
Delinquency is currently one of the most affected parts of financial services. Among the others, the banking and financial services industry is also witnessing the coronavirus impact heavily. Large scale disruptions in income levels accompanied by a recession, guide the financial sector to adopt strategies to handle the upcoming or impending increase in delinquency rates. During 2008’s recession it was noted that credit card delinquency rates reached up to 6.77%. To tackle such issues, banking and financial institutions have started to devise new and better delinquency management strategies to curb the coronavirus impact.
Wonder how the lending institutions need to devise delinquency management strategies to withstand the novel coronavirus impact on them? Speak to our analytics experts to leverage big data in banking and financial services!
According to Quantzig’s banking analytics experts, “Business risk arises due to the failure of a bank’s long-term strategy and errors in estimation and forecasting of profit margin. A proper delinquency management strategy can ensure sustainability even in the harshest economic environment.”
Book a FREE Demo now to explore our banking analytics capabilities.
Three Techniques to Enhance Delinquency Management Rates
- Offer customized payment methods
- Increase payment visibility
- Provide payment information accurately and rapidly
Delinquency management is a challenge in the current economic scenario, but implementing the above techniques will help your business to reduce losses. Big data in banking and financial services help businesses to identify the upcoming challenges and risks. Most of the lending organizations fail to meet their profit targets due to poor delinquency management. A proper analysis of risk in banking and financial markets can ensure sustainability and help in combating the impact of coronavirus.
Request a FREE proposal to learn more about our banking analytics solutions: https://bit.ly/3eh5Vwb
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal