Anil Bandari, CEO
Artificial intelligence is reconstructing the financial services landscape, navigating an entire industry back to its customers. AI is the catalyst that every financial service organization can implement to break down silos, automate processes, and bridge the gap between organizations and customers. In essence, AI can provide valuable data-driven insights about customers and their evolving needs that traditional financial service firms fail to deliver. With that, business leaders and investors can transform their businesses by reducing costs, managing risks, streamlining operations, accelerating growth, and fueling innovation. MATRiX, a data science company, successfully provides its customers with empirical analytics and AI-based solutions, which are easy to deploy and robust. “We work tirelessly to solve the toughest challenges of our clients through analytics and AI,” mentions Anil Bandari, CEO of MATRiX.
In addition to delivering AI-based products, MATRiX provides solutions,services,and consultationsfor their clients. The company leverages AI to bring an array of products for various verticals in the financial services such as credit scoring, strategy optimization, fraud and anomaly detection, dynamic risk control, signal detection, regulatory modeling, customer analytics, data warehousing, text mining, and model risk management, to name some. As many financial institutions are highly adopting AI-based solutions for analyzing their customers’ credit scores, MATRiX brings robust empirical models to help them provide analytical insights.
MATRiX’s’products are highly customizable, depending on the customer’s requirements. For instance, they developed a generic industry and customized auto bureau scorecard for an auto lending company. As the company used groundbreaking innovation powered by AI to create the scorecards, they significantly improved performance.
We strive to make various processes associated with financial services efficient, and simple through AI
With the solution, the client reduced the loss rate and increased approval rate compared to traditional scorecards. Moreover, as the solution was easily deployable, the client harnessed the benefits immediately. Such customized solutions become a lifesaver for banks and credit unions that resort to traditional methods to solve highly complicated and cumbersome tasks.
The company’s financial and lending solutions primarily focus on reducing losses and improving customer experience. “We strive to make various processes associated with financial services efficient and simple through AI,” mentions Bandari. Their solutions are also used in forecasting segmented key risk indicators. With such solutions, many of their clients have successfully managed credit risk, reduced losses, and increased approval rates. MATRiX employs a simple client onboarding process. Organizations that require AI-based solutions can contact them directly. In a single meeting, the company understands the client’s requirements and their pain points. After a detailed assessment, the company’s team suggests the right product and can get started on next steps right away. As some clients require customized solutions, MATRiX’steam goes above and beyond in customizing the solution for a client.
Moving ahead, MATRiX is planning to expand its footprint to new marketsincluding Italy and India. They have already onboarded some of the large banks around the world. To diversify their services, the company has recently launched a high-end AI based software eTerrazzo-Pro, for architects, designers, and contractors working in the construction industry. The software is the first of its kind, and aids designers and architects to create their creative art and display it on floors, walls, or even ceilings of airports, metros, skyscrapers, train-terminals, hospitals, and schools. MATRiX strives to become leading custom analytics and AI solution provider and serve individuals, communities, institutions, and nations with such solutions.