Managed early identification of fraudulent applications for finance
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Managed early identification of fraudulent applications for finance

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Consumer Durable lending Risk, Loan Risk, Consumer durable lending, zero interest finance of goods

Consumer Durable lending Risk, Loan Risk, Consumer durable lending, zero interest finance of goods

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Managed early identification of fraudulent applications for finance Managed early identification of fraudulent applications for finance Presentation Transcript

  • Managed early identification of fraudulent applications for Financeco. BUSINESS OBJECTIVE: To build a solution that can process customer loan application at POS (Point Of Sales) and decide weather to APPROVE or DECLINE the loan.OUR APPROACH: To identify at the origination stage customers with high likelihood of being fraudulent basedon various information provided so as to route them through a more appropriate stringent process of scrutiny Trending Done across 1. Raw Data • Process 2. Data Cleansing • CP Code Statistical modeling Model Validation • Neural Net modeling • Model performance 3. Data Preparation • Dealer City • Trends stability • Selection of the 4. Target Definition • Dealer 30+ DPD% optimal model • 1: Fraudulent case • Product Brands • 0: Non Fraudulent case • Month of Purchase• Substantial decrease in the third party cost of Valiance Algorithm running ‘real time’ Model Deployment loan amount recovery Benefits Derived on client’s database from the fraudulent cases.• Substantial decrease in Client’s Database Integrating Model loan disbursement to With Client’s Sales fraudulent cases. Force CRM www.valiancesolutions.com