ClearPoint Analytics Helps Underbanked Financial Services Providers Profitably Capture a Growing Market
Company Launches US Operations
TAMPA, Fla., Oct. 4, 2011 /PRNewswire/ -- ClearPoint Analytics, LLC opens its US operations today with the experienced predictive analytic resources to deliver sustainable improvements in portfolio performance to investors, lenders, check cashers, payment card firms, remittance agents and other financial services providers serving the sub and near-prime consumer markets. The company is uniquely positioned to optimize the return on capital for traditional and non-traditional firms meeting the growing demand by underbanked consumers for financial services.
"We are excited about this burgeoning opportunity and grateful for the strong market demand for our comprehensive services," said Kim Anderson, Founder and CEO. "Our data-source agnostic viewpoint and experienced insight into traditional and alternative financial services allows us to focus exclusively on delivering sustainable improvements in portfolio profitability for our clients."
A 2009 FDIC report identified 21% of all US households, representing over 43 million adults identified as underbanked. Other industry estimates now put this number at more than 80 million adults. This segment of the population is shifting their basic financial transactions to alternative financial services (AFS) providers creating more than $520 billion in revenues by 2015 as projected in July, 2011 by ReportsnReports. Analyst firm IDC estimates the 2010 Americas business intelligence tools market, including predictive analytics, to be $4.3 billion with a CAGR of 7% through 2013.
"As we assembled the best-in-class capabilities for our online financial services business, we laid out rigorous requirements to achieve customer service and risk management goals," said Mark Kuchenrither, President of EZCORP's Change Capital Division. "ClearPoint delivered on both objectives and ahead of schedule. ClearPoint Analytics understands the near and subprime consumer segments and knows exactly how to capture, retain and optimize profitable customer relationships."
ClearPoint's Full Focus Decision Architecture™ enables clients to leverage their internal customer data to achieve their business policy and return on capital objectives, and invest in third-party data only when a clear financial benefit is shown. ClearPoint's performance monitoring and champion-challenger services deliver a continual review and analysis from each predictive model for immediate inclusion of improvements from new decision strategies or data.
About ClearPoint Analytics, LLC
ClearPoint Analytics delivers sustainable improvements in portfolio performance for providers of financial products and services to underbanked consumers. By combining world class analytics expertise, experienced insight into traditional and alternative financial services and proprietary decision architecture, ClearPoint optimizes portfolio profitability from marketing and acquisition to retention and recovery to contribute maximum returns on invested capital.
SOURCE ClearPoint Analytics, LLC
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