Lending & transaction analysis

Analyzing transactional data of the customers helps in making more relatable suggestions about products and services proactively. This approach significantly improves customer satisfaction level and elevates the conversion rate. Banks can analyze two types of data to improve customers' experience.

 

Customers mostly transact in the form of withdrawals, deposits, and payments. Banks can analyze these transactions to understand the spending pattern of each customer. It helps in pushing personalized and pertinent debit/credit card offers and other new products. It also helps in sending alerts and reminders for upcoming payments for better customer services.

 

Transactions and queries also provide information related to the loan requirements. It helps the banks to formulate loan plans with more enticing benefits and at the right time. This increases the likelihood of conversions significantly.

 

Constant monitoring and analysis of transactional data also help in identifying any glitches in the system and taking avoidance measures to mitigate their occurrence. Analytics techniques like credit assessment, credit collection analytics, Next-gen stress testing, etc to minimize the chances of any unfortunate incidence.

Why Glorious Insight ?

We provide one-spot solutions for BFSI services

From retail and corporate banking to claim processing and investment management, Glorious Insight provides quality solutions for every domain in the BFSI industry.

We offer precise data analytics for revolutionary insights

Our precise data analytics help you unearth deep and valuable information regarding customer identity, authenticity, and much more, that drives profitable actions.

We provide 100% secured and customized solutions

Glorious Insight is committed to delivering exceedingly secured solutions for the BFSI applications that align with the unique needs of every service and service provider.