Hampshire, UK: Risk management and analytics expert Neural Technologies will deploy its state of the art Predictive Analytics and Risk Management Platform, for the different life cycles of agent, customer and portfolio monitoring, encompassing credit, fraud and compliance risk monitoring and predictive analytics in a single platform.
Neural Technologies’ platform utilises advanced detection techniques ranging from Neural Analytics, Link Analysis, Rules and Intelligent Alarm Analysis etc. to derive anomalies across multiple networks involving real-time data streams and is capable of detecting emerging characteristics on account/transaction activity as they occur.
The technology has been particularly well-received in the banking industry. PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) Indonesia has already selected Neural Technologies to provide Predictive Analytics and Risk Management capabilities to its latest business invention, BTPN Wow!
BTPN Wow! is a practical and affordable banking service which harnesses mobile phone technology and is supported by agents that act as an arm of BTPN.It is a product of Laku Pandai innovation; Branchless Financial Services in the Inclusive Finance Framework, an initiative of the Financial Services Authority in Indonesia. It is a banking service focused on lower-income segments of the market, as well as micro and small enterprise (SME) entrepreneurs.
Answering the mass market needs, BTPN Wow! provides a wide range of banking services, such as opening an account, withdrawing and depositing money through a bank agent at a very low cost, transferring funds, and making payments or purchases. The technology in use allows all types of GSM mobile phones (not necessarily a smartphone) to perform transactions, even with a very weak signal.
“We have reviewed similar technology solutions and chose Neural Technologies for our BTPN Wow! Innovation due to its functionality, scalability, single platform and their Risk Management expertise in the Financial and Mobile Payment space”, said Achmad Nusjirwan Sugondo, Product & Customer Experience Head BTPN Wow!
Neil Jackson, Vice President; Consulting & Client Service, Neural Technologies commented: “The flexibility of the platform allows for similar deployment across other business verticals within BTPN thus enabling an attractive Total Cost of Ownership (TCO)”.
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About Neural Technologies
Neural Technologies delivers award-winning software solutions to manage revenue assurance, fraud application, collections and credit risk. Neural Technologies’ innovative platform is flexible, reliable and simplifies the complexity of Big Data for Nt clients worldwide. Neural Technologies has offices in Europe, North America, South America and Asia Pacific and customers in 45 countries worldwide. Founded in 1990, the company has built an international reputation for providing quality solutions to increase the bottom-line for its customers around the globe. The company is celebrating its 25th anniversary in 2015.