Magnum solutions help business across industries use data and empirical methods to better manage and predict risk. From banking to auto finance, insurance, mortgage lending, retail, government, insurance and other businesses, Magnum can help you manage risk and improve profitability in multiple areas across the customer lifecycle, such as:
Account Origination
Magnum’s risk management solutions can evaluate a wide variety of information sources from a selection of over 20 data sources, such as local and international credit bureau scores, alternative data, and internal data files to give you the most accurate assessment in a common format of each applicant's true risk and profitability.
Customer Management
Analyzing historical performance on existing accounts predicts the probability of future account performance. Looking across multiple accounts can help predict borrower performance. By combining billing and posting data with transaction data, credit bureau data and other external data, precise predictions of future customer behavior can be generated to make better decisions in areas such as payment authorizations, over-limit and delinquency handling, risk-based pricing, and cross-selling.
Regulatory Compliance
Analytics used within a well-structured risk management regimen can assist lenders in achieving regulatory compliance by providing consistent, accurate, interpretable and demonstrable predictions of future account and customer behavior.
Marketing
Magnum's risk management solutions can also be used to assess risk throughout your entire product portfolio or, for each individual customer or prospect. Using scorecard solutions for the customer or prospect, marketing can better target promotional campaigns. With improved analysis loan officers and customer service staff know what to focus on in their interactions with customers.
Collections and Recovery
Magnum solutions provide you with rapid identification of which accounts are at greatest risk. You can quickly and easily automate, customize and test your collection strategies. This allows you to allocate resources and prioritize actions accordingly.
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