Optimising collections.
US based collections company sought to improve the scheduling of the collections process to save costs and improve recovery.
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CLIENT PROBLEM
US based collections company sought to improve the scheduling of the collections process to save costs and improve recovery.
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SOLUTION
Experience with recovery data and the associated problems leveraged our ability to work around the many data issues facing the client.
Built multiple Machine Learning models for various sub-processes as follows:
Conducting grid search and train algorithms with deep learning
Applied the trained model to produce prediction statistics on test data
Produce prioritised variable significance from learned model
Critically analysed the ML model accuracy through backtesting
Finally built an AI scheduling agent that assists the clients decision making
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CONCLUSION
The client has a better way to assess the expected return and associated resourcing of their operation.
The AI algorithms are set up to continue to be learning in production, and will improve over time.