India's largest platform and marketplace for GCCs & AI

Sign in

India's largest platform and marketplace for GCCs & AI

3AI Digital Library

AI Landscape in the Credit Card Industry

3AI July 31, 2022


Vibhu Goenka
Vice President – Analytics,
EXL Service

In Credit Card & Payments industry, there is immense value to be derived from data-driven decision-making owing to the variety and volume of data available from both internal and external sources. The business impact could be even higher for sales & marketing use cases given lesser regulatory constraints as against risk use cases.

In this session, Vibhu explored interesting use cases in Credit Card Sales & Marketing domain and shared how analytics & data science have transformed these functions by impacting each phase of the customer lifecycle, be it acquisition, engagement/growth or retention.

He started the session by giving an overview of Credit Cards domains where AI & Analytics can add value and discussed the key dimensions driving business impact in the Sales domain: improving targeting efficiency, insights & talk tracks, intelligent allocation of portfolios & leads and effective real-time cross-channel utilization. On the dimensions of marketing analytics, he touched up campaign design & measurement, multi-touch attribution, calculating LTV & profitability and on improved cross-sell & up-sell strategies. Vibhu discussed multiple live case studies across this session and concluded the session by explaining the building blocks of successful AI engagements.

Thank you Vibhu for this insightful session.

    3AI Trending Articles

  • Indian independent software vendors are choosing Oracle Cloud to run Critical Business Applications

    A large number of Indian independent software vendors (ISVs) are choosing to run their business critical applications on Oracle Cloud Infrastructure (OCI) to improve application performance A large number of Indian independent software vendors (ISVs) including GOFRUGAL, Medexpert, Ameyo and Information Dynamics, among others are choosing to run their business critical applications on Oracle Cloud Infrastructure (OCI) […]

  • How Enterprises can leverage the power of Open LLMs and enhance Business Value

    Featured Article: Author: Raghavendra Prasad, JPMorgan With the advent of ChatGPT and several Open LLMs in the last few months, most of the business leaders have been pondering on how their enterprises can leverage these technologies to not only enhance customer experience across their products and services but as well as drive efficiencies & innovation […]

  • Process Mining and Task Mining fuels Automation across the Enterprise

    Featured Article: Author: Prakash Narayanan, Head of RPA & Intelligent Automation, Cyient Every business is a collection of core processes. Processes are the foundational infrastructure and form the basic element of business operations. In 1911, Frederick Winslow Taylor became the first person to study and optimize workplace productivity. His monograph ‘The Principles of Scientific Management’ […]

  • A Paradigm Shift in Management Education Powered by Large Language Models

    Featured Article: Author:  Dr. Tuhin Chattopadhyay, Professor, Jagdish Sheth School of Management, Bengaluru, India, Founder & CEO, Tuhin AI Advisory, Abstract. The paper explores the potential of large language models in transforming management education. The paper first introduces the concept of large language models and explains how they work. Subsequently, the paper explores the different […]