SAIBRE Solutions About Prevent Bad Loans Sector: Finance Company size: Large bank with over 500,000 customers Performance Area: Non-performing Assets (NPA) Goal: Reduce the number of loan defaults and focus on lending to prospects that have a strong probability of paying off the loan. Challenge: Although the bank conducted due diligence and screened all loan applicants, it still found that it had a significant percentage of loans that defaulted. To gain insights and try to prevent non-performing assets, the bank implemented Sonasoft’s AI solution. Results: Sonasoft ingested data of over 500,000 borrowers across 44 variables to determine the root cause. Sonasoft’s AI Solution then was able to provide a formula with 72 percent accuracy that determined if a loan would be paid or default. The Sonasoft AI Solution also revealed some interesting insights to the variables that could determine whether a loan would default or not. These discoveries included the type of sub-grade loan, grade, years of employment, debt purpose, etc. that could determine whether the loan would be paid or defaulted. 01 SAIBRE Get A Demo 02 Solutions Solutions by Industry Solutions by Function 03 About Team Contact Board of directors Advisory board Our Clients Resources Investor Relations Blog Based in Silicon Valley since 2003, Sonasoft is a public company (SSFT) providing solutions that create significant competitive advantages from data, the most valuable corporate asset in the digital economy. Our artificial intelligence (AI) platform and software capabilities harness data to enable businesses to accelerate and improve decision making, increase operational efficiency and automate critical processes. © 2021 Sonasoft (408) 708-4000 info@sonasoft.com 1735 N. First Street, Suite 103 San Jose, California 95112 U.S.A. Privacy policy Terms of use policy

SAIBRE Solutions About 404 Sorry, the page you are trying to access is not available at Sonasoft.com 01 SAIBRE Get A Demo 02 Solutions Solutions by Industry Solutions by Function 03 About Team Contact Board of directors Advisory board Our Clients Resources Investor Relations Blog Based in Silicon Valley since 2003, Sonasoft is a public company (SSFT) providing solutions that create significant competitive advantages from data, the most valuable corporate asset in the digital economy. Our artificial intelligence (AI) platform and software capabilities harness data to enable businesses to accelerate and improve decision making, increase operational efficiency and automate critical processes. © 2021 Sonasoft (408) 708-4000 info@sonasoft.com 1735 N. First Street, Suite 103 San Jose, California 95112 U.S.A. Privacy policy Terms of use policy We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok