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Data Analytics

OUR PROCESS

WHAT WE DO DIFFERENTLY?

Delivering reliable legal services and assistance tailored to its clients’ requirements within every area of practice.

In the world of data analytics, it's not just about crunching numbers; it's about leveraging data to drive meaningful change. At Loanfix, we do things differently to empower your business with actionable insights that lead to success. Contact us today to experience the difference firsthand.

With a strong emphasis on predictive analytics, user-friendly reporting, continuous improvement, and ethical data practices, we're dedicated to not only delivering measurable impact but also facilitating transparent communication throughout the process. We don't just crunch numbers; we empower your business with data-driven insights that lead to transformative success.

HOW DOES IT WORK?

Delivering reliable legal services and assistance tailored to its client.

Risk Assessment and Credit Scoring: For startups seeking loans, traditional credit scoring models often fall short due to limited or no credit history.

Personalized Financial Guidance: Startups can benefit from data analytics by receiving personalized financial guidance.

Risk Assessment & Credit Scoring
Descriptive Analytics

Descriptive Analytics

Descriptive analytics involves summarizing past data to provide historical information. It is commonly used in businesses to present key performance indicators (KPIs) on dashboards and provide an overview of historical data.

For example, in the context of loan applications, descriptive analytics can be used to analyse past loan data and provide insights into customer behaviour, loan performance, and historical trends.

Diagnostic Analytics

We use diagnostic analytics to identify the root causes of denied loan applications. This information could be used to develop strategies for improving approval rates, such as offering credit counselling or helping borrowers to improve their credit scores.

 

Diagnostic analytics is going deeper into historical data to understand why something happened. This type of analytics can identify the root causes of problems, opportunities for improvement, and correlations between different variables.

Diagnostics Analytics
Predictive Analytics

Predictive Analytics

Predictive analytics is the process of using historical data to predict what is likely to happen in the future. This type of analytics can be used to forecast sales, predict customer churn, and identify potential risks.

LoanFix uses predictive analytics to forecast the demand for loans and to identify potential risks, such as borrowers who are likely to default on their loans. This information could be used to make better business decisions, such as how much capital to allocate to lending and how to set interest rates.

Prescriptive Analytics

It is used to recommend actions that it can take to improve its services, such as streamlining the loan application process or offering new types of loans.

Prescriptive analytics is the process of using historical data to recommend actions that can be taken to achieve a desired outcome. This type of analytics can be used to optimize marketing campaigns, improve operational efficiency, and reduce costs.

Perspective Analytics

OUR PLANS

DATA ANALYTICS

Optimize your Finances with Loanfix

Explore our range of data analytics and insights services, personal consultants, and planned roadmaps for your business and finances.

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