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Solutions for Reducing Risk
Solutions for pre-delinquency management and fraud prevention
Serving millions of customers involves significant exposure to risk. If you can reduce the percentage of customers who default on loans or improve your fraud prevention by just a few points, the bottom line benefits are enormous.
The trick is to identify and manage risky customers without alienating the rest. And you can’t do that without crystal clear insight based on real-world behaviours. Portrait risk reduction solutions help B2C companies spot potential risks early so they can take action to help prevent loss.
The Big Benefits:
- Use sophisticated analytics to identify customers most likely to go into delinquency or to overspend
- Enable real-time authentication to make sure you know who you’re dealing with and prevent identity fraud
- Use predictive models to identify customers most likely to defect so you can take action before it’s too late
- Use unique models to pick the best treatment strategy for every customer at each moment in time
- Build processes that ensure compliance with regulations and internal policies.
It’s all part of an overall approach to risk that’s based on customer insight combined with the processes needed to act on that insight. Portrait risk management solutions start wherever you are today, integrating with any CRM environment to add new functionality.
Risk pain points
Portrait software can overhaul your entire customer experience environment or zero in on very specific problems. More specific risk reduction applications include:
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Reduce delinquency costs
...using a new approach to identifying problem accounts before they default
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Reduce Fraud exposure
...by spotting identity fraud before it hurts you
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Reduce sales leakage
...through better underwriting processes, end-to-end -
Reduce operational risk and monitor business performance
...Automating new business acquisition for life insurance
The products behind our Risk reduction solutions
Portrait helps some of the world’s most successful B2C organisations to reduce risk. The products they use include:
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Portrait Foundation
Designing, deploying & monitoring your risk-sensitive processes...
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Portrait Customer Analytics
Improving the way you detect potential defection and fraud...
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Portrait Interaction Optimizer
Integrating risk management into every interaction
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Portrait Pre-delinquency Management
A new approach to identifying problem accounts before they default