Loan Recovery focussed Analytics on Cloud for Banking Sector
Engagement Details
Primary Operations: USA
Associated since: 2019
Service Type:
Development & implementation
Service Model:
Managed services
Status: On-going
Methodology: Agile
Scope/Challenges/Key objectives
Business case:
Customer is looking for cost optimization as they have various applications running on different platforms. With a focus on loan recovery improvement by maximizing the automation. Well-developed analytics platform to serve the whole organization with improved KPIs. Centralized data repository with high quality enriched data to serve as source for the analytics platform.
Challenges:
- Infra structure on-premise is costing and distributed across multiple sources
- Business expansion is influenced by the limitations of IT infra
- Partial automation of critical activities effecting business
- Loan recoveries are delayed by significant days leading to reduced profitability
Solution, Technical Environment, Benefits
Solution / Project Engagement:
- Moving entire analytics on to AWS cloud platform
- Utilizing the AWS stack with data bricks for migration, cleansing, transformation etc
- Building a data lake using batch and realtime pipelines depending on the critical KPIs CI/CD pipelines
- Developing dashboards to provide 360o view of the loan status at various levels
Technical Environment:
Amazon athena, amazon S3, devOps, AWS lambda, amazon glue, databricks, elastic search
Benefits:
- Debt collection is estimated to increase by 7% after solution implementation
- KPIs is estimated to increase from 2300 to 4500+
- Dashboards is estimated to increase from 10 to 18
Debt collection
increased
KPI estimated
to increase
Dashboards
estimated to increase
