Banking

Challenges

Online bank alternatives are disrupting the banking industry, offering innovative financial products and services without having to manage the high overhead costs of physical locations. In order to stay competitive in this environment, banks must digitally transform their operations, mitigate new risks, such as synthetic fraud, and expand into the nearprime market.

Desired Outcomes

Reduce branch operations costs Reduce fraud losses Profitably grow portfolio

Solutions

Enova Decisions enables banks to automate and optimize customer onboarding decisions, such as Know Your Customer (KYC), so that branch employees can focus on customer service. Leveraging our expertise in online nonprime underwriting, we augment first-party data with best-in-class fraud and alternative credit data to develop machine learning models to more accurately predict fraud and credit risk and create personalized offers that are compelling to customers yet mitigate risk.

Smart Verification

Streamline identity, account and document verification.

Enova Decisions Smart Alerts

Identify fraud earlier in the customer journey.

Enova Decisions Smart Credit

Make more precise credit decisions.

Enova Decisions Smart Offers

Optimize offers to maximize profitability.

Resources