The most advanced AI powered
ecosystem, specifically developed
for the finance industry.

Automated Machine Learning • Deep Learning

INTRODUCTION

Developed by the best brains from Cambridge, Harvard & MIT

ExtractFinance is the most comprehensive AI-driven ecosystem, specifically developed to overcome the challenges faced by the finance industry. Powered by Extract AI's Automated Machine Learning technology, ExtractFinance's complete suite of tools provide real time solutions to problems that previously required significant time to resolve.

There are many different areas in which ExtractFinance can help, particularly so in the Operations Department, Security Department, Marketing Department, HR Department and Customer Retention Department.

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How can Extract AI and Automated Machine Learning be used in Finance Industry.
How can Extract AI and Automated Machine Learning be used in Finance Industry.

OPERATIONS APPLICATIONS

Make Better & Faster Decisions

With ExtractFinance, one can now automate underwriting decisions such as whether to approve a loan, or decide on the loan amount that minimizes the bank's exposure to risk. This is possible because ExtractFinance uses past information about a borrowers's default rate and their user profiles to better understand the underwriting and default probabilities for applicants.

Additionally, operating procedures which normally take time to discuss and complete such as pricing decisions and product personalization can now be made instantly with higher accuracy. In particular, making the correct pricing decision is of pivotal importance as it directly affects whether a customer purchases a product/service. All of these will dramatically increase productivity of the operations department.

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Security Applications

Prevent Fraudulent Transactions

Fraudulent transactions are often times costly to the finance industry, but investigating every single transactions for fraud is highly inefficient and expensive. In fact, investigating innocent customers may also lead to a very poor customer experience, leading to clients leaving.

ExtractFinance's fraud detection tool can also help banks detect fraudulent transactions in an automated and accurate method, as compared to previously whereby this process might be both costly and tedious. This allows dedicated units to only investigate these identified incidents. Resources are thus only deployed when the return on investigative investment is high. and customer satisfaction can be optimized by protecting their accounts and also not challenging normal transactions.

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How can Extract AI and Automated Machine Learning be used in Finance Industry.
How can Extract AI and Automated Machine Learning be used in Finance Industry.

HR & Retention Applications

Prevent Customers & Talent From Leaving For Your Rivals

Banks have traditionally been powerless when customers decide to switch to their rivals, but with ExtractFinance's churn prediction capability, one will be able to predict which customers are leaving in a particular time frame for another competitor. This allows you to take concrete steps to retain them before they actually leave.

Similarly, ExtractFinance is also capable of predicting which staff members are leaving, thus providing you ample time to take proactive steps in ensuring the best talents remain in your company.

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Contact Us

For a discussion on ExtractFinance's full suite of tools