MATRiX ANALYTiCS: Helping Financial Institutions and Businesses to Transform Data into Expert Decisions

Anil Bandari | Founder & CEO | MATRiX ANALYTiCS CORPORATION - Insights Success

Change is the only permanent thing in the world. Clearly, the world of artificial intelligence, data science, big data and IoT (Internet of Things) is undergoing continuous changes and adapting at an astronomical rate. MATRiX ANALYTiCS CORPORATION is a leading Data Science Company which is helping businesses domestically and globally to take better decisions that drive higher levels of profitability, mitigate risks and well-advised customer experience for Banks and Credit Unions through their custom analytics solutions. The company has helped Financial Institutions achieve their business goals by the use of the artificial intelligence (AI), machine learning (ML), best-in-class industry and proprietary mathematical algorithms to predict consumer behavior.

Founded in 2014, MATRiX is consulting and developing risk analytics solutions for FICO, top Banks, FINTECH companies and Small-medium enterprises (SME). They are providing artificial intelligence (AI), Machine Learning(ML) and Operations Research(OR) based custom risk analytics to Banks, Credit Card, Credit Unions and FINTECH companies. MATRiX ANALYTiCS is working on building Dynamic Risk Control as underwriting solution, Text Mining and Transaction Modeling solutions for one of the top US Banks. They have introduced optimization analytics in construction industry integrating financial and inventory systems and delivered profit optimized pricing strategies for their SME client. MATRiX has developed and delivered an “SME Analytics” product, which includes, Time series Sales forecasting, Transportation and Inventory Optimization to a client. The product can be rolled out across multiple SME to manage operations, plan, capacity, and optimize overall profitability while building customer relationships. The company is building a product for providing services to build and maintain CECL risk frameworks.

Delivering such amazing solutions to the companies worldwide has earned them the recognition among the Top 10 Banking Analytics Solution Providers by Banking CIO Outlook earlier this year. Recently, during the month of June, ’17, MATRiX ANALYTiCS became the associate member of New Jersey Bankers Association.

Provides a state-of-art Risk Modeling & Analytics Solutions for FIs & Businesses

With a vision to provide high-end custom analytics, MATRiX ANALYTiCS is helping all small to large size banks and SMEs across the globe by their advanced customized analytics solutions as described below.

Custom Credit & Fraud Risk Scorecard

MATRiX ANALYTiCS™ builds AI/ML/OR-based custom underwriting scorecards (Revenue, Credit, Fraud, Income, Bankruptcy, Attrition, Look Alike objectives based on credit bureau/other external data and/or application data), Behavior Scorecards for Portfolio Management (Credit Line Upgrade/Cross Sell/Card Authorizations Transactions/Marketing Programs/Customer Service), Early Stage Delinquency collection, Late Stage Delinquency Payment Projection, Recovery Scorecards.

FINTECH Analytics

They specialize in development of custom analytics solutions which includes underwriting & portfolio management models, risk analytics, strategy optimization, mobile data based models and macro-economic models.

Strategy Optimization

It builds strategy framework of profit/loss/Other goal Optimization given global and local constraints. Built Initial Credit Line Assignment, X-Sell/Credit Line Management of credit card portfolios and Inventory Optimization for Small & Medium Enterprise business.

Analytics as Service to Small & Medium Businesses.

MATRiX provides a low cost monthly analytics service to SME across verticals/industries to provides business with tools to make better decisions. It includes Sales Forecasting, Decomposition Analysis of Key Clients and Key Products, Visualization Analytics, Text Mining, Sentiment Analysis and Deployment on-prim or our Cloud.

Big Data Analytics

It builds next generation of Scorecards & Analytics leveraging all the account and customer level on-us and off-us data available in Big Data platform and provides option of deployment within the platform. The deployment feeds the computed scores/model outputs to native systems of Bank or FI.

Custom Credit Bureau Scorecard Builds (International Credit Bureaus & Banks)

MATRiX ANALYTiCS has worked with various international credit bureaus and have capability to build Customer Bureau Scorecards for Country, available for use by consumer, banks and businesses. This is something in plan not in distant future for the company.

Regulatory Modeling                                                                         

They build account level CECL/CCAR PD, LGD, EAD and survival models along with Macroeconomic Models to address CECL & CCAR regulatory requirement and sensitivities of various stress scenarios. They also provide model validations by Industry, Products, Geography & other defined Segments.

Seamless Deployment on Cloud / on premise

Using advanced model development software & codes, the company can generate a deployable code (including byte code) for seamless deployments on premise in FICO TRIAD/BLAZE and other legacy platforms. SME product deployment is on MATRiX Cloud with availability of insights to clients in their work networks and Mobile devices.

Competitors make them Work Harder to Deliver Best-in-Class Solutions

Aiming to provide the best solutions to their clients in terms of quality, timeliness and customer service, MATRiX feels that it is the competitors, who make them work harder on solutions in order to stay ahead of others. The team at MATRiX is constantly in the process of knowing the latest industry trends to improve their internal R&D. The company is primarily dedicated to serve two types of customers as Financial Institutions and SMEs. The uniqueness about the services of MATRiX lies in the following:

  • Domain Experience especially of global markets
  • State of Art Solutions & Best Practices
  • Solutions built by highly qualified and skilled team.
  • Proprietary Artificial Intelligence and Machine Learning algorithms.
  • Mobile, Social Media, Image, Industry (credit bureaus), Macro Economic and Custom Company Data experience and characteristics Libraries
  • High End Security and Compliance
  • Internal R&D efforts
  • Low cost analytics service for SME across various verticals.

About the Foundation of MATRiX ANALYTiCS

Anil Bandari, Founder and CEO of MATRiX ANALYTiCS, is a leader and innovator in the fields of Data Science, Artificial Intelligence, Machine Learning, Credit Risk Modeling, Strategy Optimization and Analytics Space. With an extensive experience of more than 25 years in various leadership roles in the Financial Industry, Anil is leading MATRiX ANALYTiCS on the way to excellence. Before founding his company, Anil has played the role of Global Director-Modelling and Risk Analytics in Citi and managed modeling and risk management space of internal Citi clients from Asia, Australia and other parts of the world.

Focused about Enhancing their Solutions Every Moment

The team is always working hard and planning to launch the following solutions in the upcoming six months. MATRiX is focused about delivering the best-in-class CECL Risk framework for Banks, Latch on models in underwriting space for loss forecasting and projections. They are working on Social Media, Mobile, Image, Payment and Spend Transaction data based structured and unstructured Modeling as well as Strategy Optimization, Experimental Design in Strategy Monitoring, Fraud and Anomaly Detection Modeling and Custom SME Analytics as product with minor configuration changes for various verticals.

Source :- The 20 Most Valuable Brands 2017

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