Financial Analytics
Gain some quick wins for your members, your operations, and your brand with a suite of financial analytics solutions.
Banks, credit unions, insurers, investment firms, and other financial organizations: you’re working hard to assemble and analyze data in your efforts across multiple fronts: serving members, controlling costs, informing stakeholders, and satisfying regulators.
With Nousot’s automated financial analytics solutions, your data—rather than your team—can work harder and deliver more.
Now you can answer the questions you commonly ask, plus the ones you haven’t had time to tackle.
Nousot Predictive Analytics for Financial Institutions
Meet your goals for efficiency, risk, and growth
Nousot Financial Analytics is a group of automated predictive solutions. Use them individually or together to improve performance across products, functions, and teams.
1. Member Segmentation:
Develop more detailed and relevant member categories for use across all your business units.
Use it to know members better and anticipate their needs.
2. Member Churn
Discover those members at risk of leaving and when.
Use it to intervene in the attrition journey with personalized, well-timed actions.
3. Next-Best Offer/Action
Present timely options to members based on their attributes, behaviors, and life events.
Use it to deepen member relationships and capture more share of wallet.
4. Probability of Default
Identify members likely to miss payments.
Use it to inform lending practices and member well-being services.
5. Probability to Collect
Identify members with payment delinquencies who are likely to reactivate.
Use it to focus collection efforts where they can produce the most value.
6. Demand Forecasting
Predict the usage, performance, and consumers of your products.
Use it to develop and evolve products while accounting for market volatility.
7. Indirect-to-Direct Member Conversion (for Credit Unions)
Match indirect members with products or services that appeal to them, based on their profiles.
Use it to elevate cross-sell and member acquisition.
8. Custom Propensity
Determine the likelihood of members to take a specific action that you define.
Use it to create best-fit interactions and services, and add efficiency to your operations.
Benefits of Nousot Financial Analytics
Technology ROI
Your tech environment is likely a combination of legacy systems, software subscriptions, third-party sources, and homegrown tools. Nousot Financial Analytics extracts value from the data in the technology investments that you’ve already made—it does not require new investments in talent, capital, or infrastructure.
Digital transformation support
Nousot can produce predictive models at scale, which lowers the cost of asking new questions. This means you can pilot digital products and services with less ramp-up time and less risk.
Data as a competitive asset
We build data strategy and governance into all our financial analytics solutions so that your data is strong competitive currency: available, accurate, complete, fast, and secure.
Product and market differentiation
With consumer loyalty more tenuous and financial products more commoditized, creating meaningful contrast in your brand is difficult. Nousot’s custom predictive models enable you to better understand your specific audiences, and serve them with your specific strengths.