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Financial Analytics: Group-C01

Financial analytics and their applications can help automate risk management, cash flow analysis, consumer behavior insights, algorithmic trading, and fraud detection. Machine learning algorithms can analyze past customer data and spending patterns to enhance risk scoring models and cost efficiency. Companies also use cash flow analytics to ensure sufficient funds for operations and support business functions. Consumer analytics generate insights from social media and feedback to improve personalization. Algorithmic trading uses complex formulas and oversight to make automated securities trading decisions. Fraud analytics in insurance uses techniques like logistic regression to predict fraudulent claims and risky areas.

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Aayush Chhablani
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78 views5 pages

Financial Analytics: Group-C01

Financial analytics and their applications can help automate risk management, cash flow analysis, consumer behavior insights, algorithmic trading, and fraud detection. Machine learning algorithms can analyze past customer data and spending patterns to enhance risk scoring models and cost efficiency. Companies also use cash flow analytics to ensure sufficient funds for operations and support business functions. Consumer analytics generate insights from social media and feedback to improve personalization. Algorithmic trading uses complex formulas and oversight to make automated securities trading decisions. Fraud analytics in insurance uses techniques like logistic regression to predict fraudulent claims and risky areas.

Uploaded by

Aayush Chhablani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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FINANCIAL

ANALYTICS
And Their Applications

GROUP- C01
Ayush 138
Rakshit 153
Renita 173
Sonali 182
Yasharth 189
1
Buzzwords/Applications and Uses
Automating risk management
With training on the huge amount of customer data, financial lending, and
insurance results algorithms can not only increase the risk scoring models but
also enhance cost efficiency and sustainability. Companies use machine
learning algorithms that can analyze past spending behavior and patterns.
User JPMorgan Chase has developed a proprietary ML algorithm called
Contract Intelligence or COiN. It is now used to analyze the documentation an
d extract the important information from it. Applying this tool enabled the bank
to process 12,000 credit agreements in several seconds.

Domo provides a software that can analyze the data coming in from across
the systems using data science to identify key metrics for the company, such
as profitability from SAP data combined with SalesForce or NetSuite data.
Users MasterCard, Check Into Cash.
Domo helped Check Into Cash establish robust KPI’s for indicating the
real-time performance of loans.
2
Buzzwords/Applications and Uses
Cash Flow analytics
It involves the use of real-time indicators like the Working Capital Ratio an
d Cash Conversion Cycle. We can also predict cash flow using tools like
Regression Analysis. Besides helping with cash flow management and
ensuring that firms have enough money for day-to-day operations, cash
flow analytics can also help support a range of business functions.
Users Financial departments of Google, Box, Amazon and Colgate.

Consumer analytics Machine Learning algorithms and Customer Sentimen


t Analysis techniques can generate insights from clients behaviour, social m
edia interaction, their feedbacks and opinions and improve personalization a
nd enhance the profit.
User Wells Fargo provides increased connectivity to the company’s payment
solutions, using AI to accelerate growth opportunities and developing advan
ced APIs to provide the excellent services to the corporate banking custome
rs. It also make use of an AI powered chatbot for the company’s Facebook
messenger.
3
Buzzwords/Applications and Uses Algorithmic Trading
It makes use of much more complex formulas, combined with mathematical
models and human oversight, to make decisions to buy or sell financial
securities on an exchange.
User In 1976, the New York Stock Exchange introduced the Designated
Order Turnaround (DOT) system for routing orders from traders to specialists
on the exchange floor. In the following decades, exchanges enhanced their
abilities to accept electronic trading, and by 2010, upwards of 60 percent of all
trades were executed by computers.
Fraud Analytics Insurance Industry uses Logistic Regression for insurance
claim analysis to predict potential fraudulent claims, injury data analysis to predict
likelihood of insurance policy fraud, public sector analysis of fraudulent claim data
(e.g., arson, property, auto) to predict areas prone to fraudulent activity (e.g., for pre
mium determination/adjustments). Data-mining techniques such as association,
clustering, forecasting, and classification are used for it.
User Bajaj Allianz have set up a team and a centralized process to minimize frauds.
This team has procedure and tool which is used to claim assessment stage to help
them in this feat.
4
Buzzwords/Applications and Uses
Predictive Analytics
It involves coming up with an informed sales forecast. There are many
approaches to predicting sales, such as the use of Correlation Analysis or
use of past trends to forecast your sales. Predictive analysis for credit card
defaulters, use Logistic Regression to identify and act in real time.
User HSBC has deployed SAS Fraud Management as the foundation for its
real-time fraud detection and ongoing fraud management across its global net
work.

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