SmartMachine
SmartMachine

The cloud service SmartMachine works based on the Artificial Intelligence system and Machine Learning technologies. Using the service, any companies working with individuals and small and medium-sized businesses can optimize their labor costs and reduce risks in decision-making. SmartMachine is available not only for large companies, but also for small microfinance organizations (MFIs) and regional banks. The scoring platform of the service has a flexible, scalable architecture with constant data monitoring and 24-hour technical support.

With the help of SmartMachine, financial organizations and insurance companies can improve their scoring systems by external analytics of clients’ behavioral profiles, and companies selling postpaid products can reduce default risks of receivables.

The service has high accuracy and speed of data processing that is especially important if you work with online applications for credit. So, for example, while buying household appliances at the retail outlet, the client is more likely to take advantage of the bank's proposal, which approved its application first.

Unlike large banks, small financial institutions and insurance companies often do not have their own scoring systems and use the ready-made solution of oneFactor.

Having an extensive expertise in credit risk assessment for individuals, in 2016 oneFactor launched the innovative approach for small and medium-sized businesses. SmartMachine takes into account the behavioral characteristics, not the actual financial statements of the enterprise. One of the key benefits of using this method is that behavioral data can not be faked. SmartMachine allows you to get more accurate analysis of the real state of the business and predict the company's expected future development.

Many companies have already used SmartMachine for a long time to determine the client’s solvency, probability of default, occurrence of an insured event, outflow of customers, non-return of receivables or fraud. The service has become a standard in making business decisions. So, at the end of 2016, the Russian banks provided more than 75% of all loans using SmartMachine.

oneFactor technology based on the analysis of the clients’ behavior profiles increases conversion by no less than 6-7% and insurance portfolio profit by 5-10%.

SmartMachine is also used to automate processes within the company, automatically create a better offer, evaluate the acceptance of cross-sell-proposal, determine the most relevant communication with the client and choose the optimal location for cash machines and offices, working hours and loading ATMs.

Improvement of scoring systems
Improvement of scoring systems
Improvement of scoring systems
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Growth in the volume of loans without increasing cost-of-risk
Growth in the volume of loans without increasing cost-of-risk
Growth in the volume of loans without increasing cost-of-risk
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Improving quality of insurance portfolio
Improving quality of insurance portfolio
Improving quality of insurance portfolio
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