Juris Mindcraft is an artificial intelligence (AI) that uses data mining and machine learning to make explainable recommendations of those with credit history. The AI engine in Mindcraft can be used to calculate an existing customer's propensity to buy based on their past behaviour, provide early warning (up to 6 months ahead) for customers that may go rogue or become NPLs. These results will be generated in reports for easier understanding. Combining the power of your business expertise and statistical measures, Juris Mindcraft has proven to be precise and accurate in scoring your customer's credit worthiness. Unlike many nascent AI engines currently in the market, the technology used in Mindcraft is mature and sophisticated. In fact, it has been tried and tested in real life scenarios, with authentic data.
Juris Mindcraft helps you build credit scoring models that assess the credit worthiness of a customer. These models also provide recommendations such as loan approval, review customer credit worthiness to trim or increase their credit line, or predicting customer behaviour such as likelihood of default or to buy.
Juris Mindcraft helps you to manage the balancing act between profit and risk in an efficient and effective way. With Juris Mindcraft, these decisions can be made swiftly, provided you have the proper infrastructure and methodology in place. You will no longer have to rely on unsupported judgment calls. To boot, it is created to be transparent to guarantee the effortless process of auditing. Not to mention, reducing time-to-market as it is equipped with technology to support quick decision-making.
What Can Mindcraft Do for Your Business?
Tried and Tested Predictive Abilities
Juris Mindcraft is able to learn your customers' past behaviour and provide result-based recommendations. Combining the power of your business expertise and statistical measures, Juris Mindcraft has proven to be precise and accurate in scoring your customer's credit worthiness, propensity to buy, and ability to identify digital marketing strategies that are most likely to generate conversion.
Juris Mindcraft provides you with the freedom to build financial scorecards based on several methods:
- Business Rules defined by you.
- Statistical Analysis such as Logistic Regression, KS Statistics, Weight of Evidence, ROC Curve etc.
Fret not, as the engine is being revised and upgraded from time to time. Any additional features can be included in Juris Mindcraft by integrating it with the system.
Juris Mindcraft Advantage
The Juris Mindcraft advantage goes beyond statistics and manual expert rules. Juris Artificial Intelligence (AI) Algorithm has the ability to learn the behaviour of your existing customers by looking at their attributes that lead to high potential to buy into an offering, or to the probability of going delinquent. The AI Algorithm will automatically create different profiles for good, doubtful, and bad customers.
With Juris Mindcraft, your leading decision will be supported by facts. The AI is not a black box but will tell you the reasoning for its recommendations and will highlight specific attributes which it considered critical in its decision-making process.
Juris Mindcraft also comes with a credit limit determination framework which employs proven mathematical approaches to compute the optimum credit limit for a customer.
New Frontiers with Juris Mindcraft
With Juris Mindcraft, we provide you with a flexible platform to strategise your risk assessment policy, design the system for your business needs, and finally automate your business operation whenever possible.
Juris Mindcraft Core Functionalities
- Integrated credit application solution from credit origination to credit scoring, limit determination, approval process workflow, and disbursement.
- Calculate a customer's propensity to buy into an offering or product based on his/her past transactions and CRM behaviour.
- Use Mindcraft's predictive abilities to identify digital marketing strategies that are most likely to generate conversion.
- Find new customers in social networking sites who are similar to your existing ‘high profitability potential’ customers.
- Versatile scoring engine allows you to combine your business expertise with statistical credit risk measures.
- Give user the freedom to build scorecards from Expert Rules, Artificial Intelligence, and statistical methods.
- Help Credit Manager to balance risk against profit pursuit, increasing operational efficiencies.
- State-of-the-art approval workflow engine speeds up credit evaluation and approval process.
- Multi-tier scoring approach.
- Integration to external rating systems such as CCRIS and CTOS.
- Fully web-based for easy deployment plus lower maintenance and operating costs.
- Integrate with credit bureaus of other countries for international users.
Having said all these, we sincerely invite you to come and test-drive our solution yourself.
We also provide end-to-end management of the customer from loan origination to collection. For more information, you may refer to:
An intelligent chatbot with natural language processing (NLP) specifically engineered for banking and finance.