TaranDM Intro
TaranDM Intro
TaranDM®.
Founded in 2019
Southeast Asia (HQ in Singapore), Europe (Prague), North America (Toronto)
Services and solutions in decision management, big data architecture & advanced data analytics
Our
footprint
Key Differentiators
Customer service
Revenue & profit optimization ma
management
ment
Portfolio management
Churn strategiess
Pers
Personalized offers
ns
Loan applications Recovery strategies
Cro
Cross-sell & up-sell Retention strategiess
n
Offer personalization
Early phase
Pre-collection strategiess strategies
Fraud detection
La phase
Late
strategies
p
Mid phase
Pre-qualification
ificati offers strategies
TaranDM design & technology stack
– minimizing the vendor lock-in
Configuration
TaranDM Develop environment Testing environment (Kubernetes)
for each client
(Taran AWS Kubernetes)
Docker (container) images Other environments – UAT, etc. (if needed/requested)
Develop environment for the client is available from day 1 Production data don’t leave client’s infrastructure
of the project TaranDM production run doesn’t rely on vendor’s
All development testing done at Taran infrastructure, which leads infrastructure and its availability
to significant reduction in development time for new client-specific
functionalities and features, such as new data adapters, etc. If required, fully hosted deployment possible as well
Traditional, process-driven decisioning
Reject
Loan origination Decision engine Loan origination Decision engine Loan origination Decision engine
system PRE scoring system POST scoring system FINAL scoring
Approve
Internal data External data Request income proof,
collection Reject collection Reject run manual underwriting,
etc.
Data-driven decisioning
Reject
Initial data Approve
or additional data
Loan origination
Decision engine
system
Request more data or action:
income proof, manual Gather data
underwriting, etc. (internal, external)
Advantages
One decisioning strategy for the full approval process
Configuration done in GUI, less dependence on IT/engineering teams
Flexible data collection with possible time and cost savings
More convenient post-decision analysis
Faster & simpler data integrations, configuration and testing
Traditional, deterministic strategy assignment
Decision engine
(Cash loan strategy)
Determines which decisioning Cash loan application
strategy to call
Advantages
Flexible to add new credit products, reusing current strategies, no need for IT changes
Easier testing and maintenance
Traditional deployment architecture
All environments separated from operational and data point of view. Smart synchronization mechanism for strategies & business configuration
Changes done in downstream environments are automatically available in upstream environments’ sandboxes as well
All downstream environments can be synchronized with the production environment via single click in the GUI
Client can have as many environments as requested for no additional charge
No limitation on number of users and “work-in-progress” projects. Users can work and prepare the changes concurrently, share with others, etc.
TaranDM Functional Diagram
state:
FINISHED
APPROVED
REJECTED
CANCELLED
External / Internal
data source
External / Internal
data source
state:
ACTIONS_NEEDED
Cache DB
Simulation DB
Controller
Simulation
Core DB
Decisioning Core
Embedded Analytical
Real-time Batch Environment
module module
Reporting
Frontend
Appendix
TaranDM
Client Stories
Client Story
Project objectives
Modernizing the existing decisioning infrastructure
Consumer finance company with a portfolio and automating the approval process
of tailored financial products Having the ability to set up product parameters
and configuration easily
Subsidiary of Abdul Latif Jameel, a Saudi
Empowering the business users to do & deploy
Arabian conglomerate with more than
75 years history the changes without the need of IT
[Link]
Why has ALJ Finance Egypt
chosen TaranDM
The team – Taran has experienced team which
covers expertise from credit risk, antifraud,
modelling and scorecard areas. We do not
usually see such well-rounded support during
pre- and post-launch, not only from technical
infrastructure and interface perspectives, but
Taran team also accommodated our inquiries
from the business strategy areas
The product – TaranDM has refined technology
“Greatly appreciate stack and offered features which are highly
the swift response and relevant in addressing pain points from credit
underwriting capabilities perspectives
hands-on support provided
by Taran team, as well as Implementation highlights
their flexibility and readiness Automation of the underwriting processes which
Neo Financial’s
adjudication goals
Replace the existing credit decisioning infrastructure with
an enterprise decision engine which allows a high level
Neo Financial of flexibility to credit risk managers in designing
and testing multiple adjudication strategies and
processes simultaneously
One of the largest, fastest growing, and most
Allow for faster time-to-market when deploying new
popular digital banks in Canada decisioning logic or its changes
Eliminate dependency on engineering and developer
Valuation > USD 1bn (unicorn status) teams and give credit risk managers the ability to have
Website: [Link] end-to-end ownership of their processes
that are going to support us measured in weeks, and not in many months or years
Modern technology stack – containerized, Python-based
Taran has enabled us to against the status quo), batch decisioning, or Decision
Optimizer
implement a wholistic
Implementation highlights
credit adjudication strategy
TaranDM implemented and Neo Financial’s existing credit
to effectively gain new adjudication process migrated in less than 3 months
Continuous knowledge transfer during the implementation
customers and give our & phase-in, along with TaranDM’s general customizability,
has ensured that Neo Financial’s internal teams will not
team the tools to manage be overly dependent on us as the vendor going forward
Higher flexibility when deploying new decisioning logic,
our existing portfolio.” for example:
Credit product pricing now determined by
the strategy and client historical profile/credit
Brent Bishop, Chief Credit Risk Officer
bureau record
Specific strategies for selected partners which allow
fine-tuning of approval rates/risk profiles and
support of marketing actions and rollout plans
Seamless A/B testing of strategies for various client
segments
Client Update
Neo Financial
One of the largest, fastest growing, and
most popular digital banks in Canada
Our credit risk management has also seen significant advancements. We’ve transitioned
from a broad adjudication path to having multiple, tailored paths for various segments.
This allows us to be more targeted and adapt to unique situations with greater precision.
Additionally, our ability to implement changes has greatly improved.
What once took weeks of discussion and planning can now be achieved within a day.
We prepare, simulate, and deploy new experiments rapidly, collecting actual data and
obtaining answers almost immediately. This has allowed us to iterate at an impressive
speed.”
Christian Rosati, Director of Risk Analytics and Credit Decisioning at Neo Financial
Client Story
of the very few providers TaranDM is used for ca 25,000 of loan applicati-
ons every day
who have delivered their
solution under Technical details on
the TaranDM deployment
the originally agreed Designed architecture includes real-time data
timelines” collection through Kafka and NiFi, storing data
into the Elasticsearch for real-time purposes, and
Project manager at Erste Group data lake for analytical purposes
TaranDM executes attributes in Python and
calculates scores which are handed over to
classical approval process
To enable smooth scorecard deployments, Taran
has also set up Spark analytical layer with Jupyter
frontend and connected it with Git (definition of
predictors)
CI/CD done using internal Gitlab solution,
deployment on OpenShift
Client Story
Why has Silk Bank chosen
TaranDM
Silk Bank chose TaranDM for its role in modernizing credit
decisions and launching digital lending products. TaranDM's
intelligent features ensure compliance and enhance financial
Silk Bank precision. Beyond its impact on the approval process, TaranDM's
ability to seamlessly integrate with various data sources positions
it as a versatile solution for Silk Bank, ensuring a holistic and
financial institution, serving both retail informed approach to decision-making. The platform will
significantly improve our approval process by providing tailored
and corporate clients in Georgia product offers, backed by thorough credit bureau analysis.
Its seamless integration with data sources, such as CreditBureau
Website: [Link] and the Revenue Service, underscores TaranDM as a comprehensive
solution for Silk Bank. The platform's adaptability and robust
features make it an instrumental asset in Silk Bank's journey
towards modernized and efficient financial operations.
AREA42’s objectives
Overarching goal: improve international trade
by creating new and innovative technological
AREA42 / [Link] solutions and a fluid, risk-savvy B2B trade
ecosystem
Innovation vehicle focused on B2B trade
To achieve that, AREA42 has been looking for
& financing a decision engine with the following features:
Part of one of the largest credit insurance
Ability to make quick, completely automated
groups in Europe decisions
Website: Well-designed GUI for business users
[Link] Modern technology stack and features such
as easy data integrations, model deployment,
[Link]
out-of-the-box simulation layer, etc.
Business challenge
& objectives
Product catalog in size of billions of items
iPrice Group (hundreds of gigabytes of raw data), 8 mil.+
Founded: 2014 sellers, 1000+ merchants
The largest e-commerce price aggregator How to rank the products & maximize the
conversion rates?
in Southeast Asia
How to run the product scoring process daily
Active in Singapore, Malaysia, Indonesia,
& efficiently, given the sheer size and complexity
Philippines, Thailand, Vietnam and Hong Kong
of the data?
HQ: Kuala Lumpur, Malaysia
Website: [Link]
Taran has exceeded
all expectations
A robust and scalable big data platform which
requires minimal maintenance, and which has
been used in production since 2019
A state-of-the-art ML model for product scoring,
which has led to 20% increase in revenue/
conversions
number of loan applications from the same IP address over past 1h/24h/7d/30d
number of loan applications associated with the same phone number over past 1h/24h/7d/30d
number of loan applications from the same device over past 1h/24h/7d/30d
how many different addresses has a customer used in the past
…
Business problem:
TaranDM
How to tackle various product- and Default rate model
client-driven constraints & which depends on interest rate, higher interest can lead to higher probability of default
Optimal decision
product parameters to offer? Propensity model across all
possible interest rates between 5.25% to 8% p.a. models probability of accepting the offer, higher credit amounts and lower Decision the business
maturity of 12 months, 48 months or something in between?
interest rates increase this probability optimization considerations
credit amount in the USD 5,000 to 20,000 range?
Churn/early repayment model
higher interest rates increases the likelihood of client refinancing elsewhere,
thus lower profit on our side
application scorecards
behavioral scorecards
ECL scorecards
CRM propensity models
collections segmentation models
…
Full variety of AI/ML modelling methods supported (logistic regression, XGBoost, random forest, …)
Deployment of models to TaranDM via few clicks with model documentation automatically generated
Jupyter-based, further customizable by the client
Our Expertise
in Credit Risk
Management
Data strategy
Modern Data Sources Provides Additional Predictive Power
Device Data Behavioral Data Mobile App Data Telco data Transactional
device type - device finger- copy pasting - typos, accuracy installed apps - timezone data
print - webgl report rate - biometric predictors - geolocation
Weighting/Blending Optimization
OUTCOME:
Vintage 60+
Logistic regression performing well Default rate
4.5%
on small datasets or when expert
4.0%
knowledge needed
3.5%
3.0%
However, on bigger portfolios,
2.5%
techniques such as XGBoost have 2.0%
significantly better performance 1.5%
1.0%
1.5%
1.0%
3 4 5 6 7 8 9 10 11 12 13
MOB
OUTCOME:
Better approach:
OUTCOME:
up to 3× more accurate fraud detection, reduction of manual activities by up to 80%
Approval process review & implementation
Improving Business Metrics via Comprehensive Assessment
OUTCOME:
increase in approval rate by 5-20%, increase in profitability by 20-40%
Data architecture design & implementation
Customized, State-of-the-Art Design 100% Fitting Your Needs
OUTCOME:
significant profit improvement opportunities from the ability to analyze
data instantly & react immediately
Contact us
Do you have any questions?
We will be happy to answer them
info@[Link]
[Link]
[Link]