Solutions Algolytics - SME Banking Conference

Algolytics Data Science Platform

Algolytics Data Science Platform is an end-to-end solution that addresses all the problems in creating and running automated financial risk assessment and fraud detection processes. From data collection and processing, through modeling and model generation, to production launch and monitoring of the entire process, with the ability to easily make changes without IT support. In addition to typical data science tools, the platform allows to integrate a wide range of data (real-time behavioral data, device fingerprinting, internal and external databases), apply machine learning algorithms in the assessment process and run advanced solutions in days or weeks, not months or years.

Implementing our platform allows our clients to significantly increase their margin stream through process automation, precise risk management and higher conversion.

The solution is distinguished by:

Comprehensiveness – covering all aspects of the creation and launch of risk assessment and fraud detection processes
Flexibility and simplicity – thanks to an intuitive user interface, drag&drop mechanisms and ready-to-use modules, the creation of decision-making scenarios and implementation of any changes is fast and feasible without IT support
High efficiency of risk assessment – ready-made risk assessment models verified on the market (models are based on behavioral data (biometrics) and location analysis and are characterized by high risk and fraud assessment accuracy (ROC – 84%, GINI 67%))
High performance – ability to process hundreds of thousands of queries/records per second for more than a dozen predictive models and scenarios at the same time
Ready integrations – ability to use multiple internal and external data sources, credit and business information bureaus, government registries, AISP (identity confirmation and transaction labeling), remote verification; Ease of attaching new data sources

Customer comment:

“Machine Learning-based solutions are steadily transforming the financial sector, so in this industry it is not a question of ‘if’ but ‘when’ to reach for even more effective tech solutions. That is why we decided to cooperate with Algolytics. We opted for reliability, effectiveness and dependability of the partner – exactly the same values that we offer to ComperiaRaty customers on a daily basis.”

~ Szymon Fiecek, Member of the Management Board of Comperia.pl S.A.

Platform elements and use cases

Algolytics provides complete end-to-end Data Science Platform (modules):

DATA QUALITY – Data Quality & Location Intelligence
EVENT ENGINE – Feature store. Real time aggregation, processing and analysis of data streams
ADVANCER MINER – Data mining and modelling
AUTOMATIC BUSINESS MODELERE (ABM) – Machine learning (AutoML)

SCORING.ONE – MLOps – scoring engine for recommendations and automated decision making

Use cases:

Data Quality & Location Intelligence – Automatically standardize, enrich and geocode addresses in the parcel / order deliveries or clean, standardize, deduplicate and enrich CRM / ERP customer data bases for optimizing sales & marketing activities.
Credit Scoring & Fraud Detection – Real-time scoring based on AI / Big Data, location risk scores and biometrics used in managed credit risk, BNPL, anti-fraud, early warning systems to optimize risk management.
Customer Intelligence – Customer segmentation, churn prevention Propensity models, Cross-selling / up-selling Recommendations, Lead generation / prioritization, In-house RTB/Programmatic marketing
Supply Chain Management & Manufacturing – Demand, sales planning & forecasting, Promotions planning & forecasting, Stock allocation and optimizations, Automatic stock replenishment, Route planning and optimization