Predicting whether loan payments will be on time or late
involves using AI² algorithms to analyze various factors
associated with borrowers and their loans.
The Problem:
Challenged to decrease Late Payments:
Number of customers: 51,816
Current Payments: 50.18% (26,000 customers with
current payments)
Late Payments: 49.82% (25,816 customers with
late payments)
The Solution:
Decrease Late Payments with AI:
Target AI: 0.9
Target Late Payments: 39.86%
The Impact:
Initial Decrease from current levels:
20% or 5,163 extra reductions in customers with
Late payments.