Serve members better with personalized credit offers
When credit unions consider a member’s entire financial situation, they can improve inclusion and deliver a more personalized experience.
Increase Inclusion
Access a more diverse member base
Classic segmentation risk models are built on traditional assumptions on how members utilize credit. The next generation of members do things differently, and your credit decisions need to consider their entire financial picture, including off-bureau relationships and banking behavior.
Credit Reports
Existing Member Data
Open Banking Data
Advanced Risk Modeling
Flexible Loan Structures
Personalized Credit Offers
Reduce Friction
Streamline member origination with AI
The average member age is currently 47. Credit unions interested in attracting new generations of members must make becoming a member frictionless. Making instant personalized credit decisions help CUs cater to Gen Z and Millennial members. Deeper financial behavior insights helps increase credit access for thin-file applicants. In order to compete and grow membership, credit unions need to evolve the way they make credit offers.
Increase Agility
Meet emerging member needs faster
In a world where speed is paramount and member expectations are high, credit unions of all sizes are embracing AI technology to thrive. Classic roles of risk teams, member experience and IT are changing and traditional barriers between these stakeholders are being eliminated. By empowering risk and credit teams with our AI offer optimization platform, they’re able to deliver improved member product offers without requiring a coding step, enabling the business to address emerging member needs. Our solution empowers credit unions to provide highly tailored financial products, foster stronger member relationships and ensure credit unions’ overall mission, vision, and business objectives.
The Modelshop Solution
Why Credit Unions Choose Modelshop
Access to richer data sources allow credit unions to confidently lend to a larger, more diverse member base.
With Modelshop, credit unions can target potential members customers more confidently, making their advertising and outreach efforts increasingly effective.
New data sources and flexible, AI informed decision policies help promote financial inclusion and equality in lending practices, ensuring fair access to loans for everyone.
Modelshop’s credit engine can identify accounts at risk earlier, allowing credit unions to manage to best outcome for stressed members.
Better loan portfolio risk modeling allows credit unions to lend more money, helping them grow and serve more members.
More precise credit models are easier to explain to executive teams and regulators. Modelshop traces all features that contribute to a credit decision and allows risk teams to manage model risk.
Proven Experience
Whether you’re focused on enhancing your personalized risk-based offers, automating credit decisions, growing new member accounts, or deepening member relationships – the time to embrace offer optimization is now!
Modelshop is dedicated to making AI technology accessible and manageable for credit unions of all sizes, enabling you to meet the demands of the modern financial landscape confidently and efficiently.
Talk with a credit automation expert today.
