Case Study: a large leasing company boosts revenue and scales risk assessment with RapidCanvas

How AI Empowers Better Leasing Risk Assessment And Expands Access

The Large Leasing Company, a US-based provider of lease-to-own options for car essentials, faced challenges in making real-time, accurate risk assessments for applicants with limited financial histories. Their process was hindered by data orchestration issues from legacy systems and a need to modernize their business insights. They partnered with RapidCanvas to implement an AI-powered solution using the vendor's platform and expert data science team.

RapidCanvas addressed these challenges by seamlessly integrating data from various sources and building an AI-powered credit risk prediction model with AutoAI capabilities. The solution provided explainable, real-time decisions and incorporated what-if analysis and business intelligence applications. This enabled the leasing company to process 20 times more applications and achieve a 10% revenue increase in the first year by accurately identifying credit-worthy customers.