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How to transform Risk Management and Customer Trust with Advanced Credit Checks

The key to staying ahead isn’t just about offering banking services; it’s about understanding and acting on the needs of both the institution and its customers. With advancements in technology and shifts in consumer behavior, banks are now equipped to tackle challenges head-on, thanks to innovative solutions like advanced credit checks. Here’s how we’re turning data into actionable insights and enhancing trust — all in one go.

A New Era of Credit Risk Management

Traditional credit risk management techniques are being revolutionized by advanced technologies that offer deeper insights and more reliable evaluations. Gone are the days of one-size-fits-all risk management solutions. The digital era demands precision, flexibility, and, most importantly, a deep understanding of individual customer profiles. Imagine harnessing the power of advanced analytics and real-time data to not only predict but also mitigate risks before they become threats. This isn’t just about protecting the bank’s interests; it’s about creating a secure environment where customers feel valued and protected.

Advanced Fraud Detection Capabilities

Fraud detection has evolved from reactive measures to proactive safeguards. By leveraging machine learning and pattern recognition, banks can now anticipate fraudulent activities, offering peace of mind to both the institution and its customers. It’s not just about blocking a suspicious transaction; it’s about creating a banking ecosystem that’s resilient to threats, both known and emerging.

Understanding the Impact of Digital Credit Products

The introduction of digital credit products has shifted consumer expectations and behavior significantly. These changes offer banks a unique opportunity to understand and adapt to their customers’ needs better. From flexible payment solutions to tailored financial advice and not to forget optimized and effective credit checks! – the goal is to provide services that resonate with and enrich the customers’ lives, fostering loyalty and satisfaction.

So what are the benefits of Credit Checks in an open bank environment?

Understanding Your Customers Like Never Before: Imagine having a tool that tells you not just what your customers can afford, but what financial moves make sense for them. That’s the power of our engine at work in credit checks.

Decision Making with a Human Touch: Behind every credit decision is a person’s dream – be it a home, education, or starting a business. Our engine helps you make decisions that support these dreams, responsibly and empathetically on the basis of data and actionable insights.

Staying Ahead of the Curve: Financial needs change rapidly, which is why our predictive insights keep you one step ahead, ensuring you’re always offering relevant, timely financial solutions.

Building Relationships, Not Just Portfolios: By offering tailored credit solutions, you’re not just approving loans; you’re building long-term relationships based on trust and understanding.

Simplifying Compliance: We know regulatory compliance can be a headache. Our engine simplifies this, letting you focus on what you do best – helping your customers.

The engine that places you in the driver’s seat.

At Subaio we remain dedicated to providing our partners with the tools and insights needed to thrive. Our advanced credit check process, informed by the latest research, countless points of transaction data and technological advancements, empowers banks to manage risks, protect privacy, detect fraud, and understand the socio-economic impacts of their products.

Let’s break it down in stats:

60.000+ connected subscription services

50+ countries with performed cancellations

98.7% accuracy in correct classification of transactions as recurring/non-recurring

99.5% precision in classification of recurring transactions

All powered by our one of a kind engine that sorts and translates all transaction data and turns them into valuable and usable recurring payment insights. Together, we are setting new standards for safety, efficiency, and customer satisfaction in the financial sector and within the industry of open banking.

Get a personal demo of how the Subaio solution will work for your bank​