Greenojo’s NPL Analytics solution employs AI and ML technologies to analyze and manage non-performing loans, helping financial institutions to mitigate risks and improve recovery rates.
Overview
Business Challenge
Key challenges in Non-Performing Loans include:
- Managing non-performing loans is a significant challenge for financial institutions.
- Traditional methods are often inefficient, leading to higher default rates and financial losses.
Business Objective
To enhance the management and recovery of non-performing loans using advanced analytics and predictive modelling.
Solution
Greenojo’s comprehensive solution incorporates the following components:
- Predictive Analytics: Utilize AI and ML algorithms to predict loan performance and identify potential non-performing loans.
- Risk Mitigation: Assess and mitigate risks associated with non-performing loans through detailed analysis.
- Integration: Seamless integration with existing financial systems for comprehensive loan management.
Business Value
Implementing the solution leads to several benefits:
- Improved Recovery Rates: Enhanced ability to recover non-performing loans, reducing financial losses by up to 15%.
- Risk Reduction: Reduced risk of defaults through early identification and intervention.
- Operational Efficiency: Increased efficiency in managing non-performing loans, reducing manual effort and associated costs.
