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

  • Unlocking HR Potential: The Transformative Benefits of Generative AI in Human Resources

    Featured Article: Author: Vipin Verma, Orange Business Services Introduction to Generative AI in Human Resources Human Resources (HR) is a critical function in any organization, responsible for managing and developing the most valuable asset: the workforce. With the advancements in technology, particularly in the field of Artificial Intelligence (AI), HR has the opportunity to unlock […]

  • AI in Publishing

    Featured Article: Author: Deependra Singh, VP & Head Data Science and Analytics, Network 18 In recent years, the term “Artificial Intelligence” has been making headlines in almost every industry. From healthcare to finance, AI is transforming the way we work and live. But what about the media landscape? Could AI be a game-changer in this […]

  • Improving Customer Experience – AI/ML Driven Issue Resolution

    Author: Ashish Vashishta, VP – Technology, eClerx Customers across industries typically face issues with their purchased products/services. A troubleshooting system which can use latest AIML technologies to resolve these issues faster and more effectively can lead to a much better customer experience. As an example, a customer may have purchased a bundled product offering – […]

  • European Union to revamp Cybersecurity rules

    EU last year recorded around 450 cyber incidents involving European infrastructure, notably in the financial and energy sectors, and the pandemic has highlighted Europe’s deep dependence on the internet and exposed security weaknesses.  The European Union unveiled Wednesday plans to revamp the 27-nation bloc’s dated cybersecurity rules, just days after data on a new coronavirus vaccine was unlawfully accessed in […]