Case Study: Leading Financial Services Firm reduces loan approval delays and bad debt with Saturn Business Systems and IBM SPSS Advanced Analytics

SPSS Advanced Analytics Implementation at a Leading Financial Services Firm

Leading Financial Services Firm, a New York-based FinTech company founded in 2005, was experiencing 72% year-over-year growth in gross originations, which made it harder to identify risky loans, automate renewals and new loans, and reduce bad debt. Its largely manual loan approval and underwriting process also slowed throughput and delayed analysis of incoming data.

Saturn Business Systems implemented IBM SPSS Modeler and the Saturn IGNITE Framework to create a real-time scoring system that evaluated both new loans and renewals using historical and current data from structured, semi-structured, and unstructured sources. As a result, Leading Financial Services Firm improved customer screening, processed applications more efficiently, reduced approval times, increased automated loan approvals, and laid the groundwork for predictive models in other functions such as Sales & Marketing and HR.