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Fnb optimizes retail banking product offers using real-time propensity models rules and events - Avsharn Bachoo
1. FNB Optimizes Retail Banking
Product Offers
Using Real-Time Propensity Models, Rules and Events
Avsharn Bachoo – FNB
Vincent Baruchello - IBM
2. First National Bank
• The oldest bank in South Africa formed in 1838
• Listed on the South African Stock Exchange and the Namibian Stock Exchange
• One of the largest financial institutions in South Africa
• Providing banking and insurance to retail, commercial, corporate and public
sector customers
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3. Product Sales Initiatives
• Proactive sales, service and prospecting system.
• Used to assess the eligibly customer base for a variety of
– product offers,
– value adds, and
– service related messages.
• The process caters for both a fully automated eligibility process via
– mainframe leads process,
– adhoc load capability.
2
4. Integrating decisioning capabilities
Domain with engine
3
Mainframe
Legacy
Rule
Engine
Business rules
Policy Rules
JCL call to DA
Java API
JMS
SOA/Web Service call
Enterprise Service Bus
Mainframe
5. Limitations
• Legacy rule engine not integrated into mainframe and no direct link to
warehouse
• Insufficient computing power to process information daily
4
Developers Mainframe
Legacy
Engine
Data
warehouse
30 day data gathering
2 day-long batch scoring
7. Limitations
• Customer needs change on a daily basis
• Updates to customer information takes place monthly
• Propensity scores derived monthly
• Missing the window of opportunity for getting offers to the customers at
the right time.
6
8. Business Expectations
• Enable decisions to be made
– real-time
– leveraging of
• internal models,
• advanced statistical models &
• predictive analytics
Right Product @ Right Place & Right Time
7
9. Technical expectations
• Aggregate large volumes of data and derive variables
• Adaptive to seamlessly fit into the existing complex FNB architecture
• Solution needed the capability for current and future integration into
FNB’s
– Warehouse’s
– Data mining systems
8
10. Selection Criteria
9
Product Technology environment Interface Seamless Integration with
FNB mainframe
FICO Blaze Advisor JVM or .NET Proprietary API or Web
Service
Message switch
IBM ODM zOS, JVM Cobol, XML and JAVA API Direct
Jboss Enterprise BRMS Jboss Middleware JAVA API Message switch
Apama JVM or .NET JAVA, C, C++, .NET Message switch
Experian Powercurve JVM JAVA, C Message switch
SAP NetWeaver JVM JAVA, ABAP Message switch
Oracle Business Rules Oracle Fusion Middleware XML, JAVA or Oracle Message switch
11. ODM and Netezza 2016-future
10
Find leads
using changes
in Customer
activity
(Events)
Optimise Leads
Right time
communication
to customer
12. Systems of Records
Systems of
Engagements
Delivering through an event-driven architecture
11
Web Social
Detect
Decide
Systems of Insights
Mobile IoT
ATM
Branch
Mail
Event
Situational
Awareness
Predictive
Models
13. Netezza
Analytics
Systems of Records
Operational Decisions
(z / cloud / distributed)
Combining rules and analytics
12
Instant decision
Predictive
Scores
Business
Interaction
event
transaction
Situational
Awareness
Automated
Services
Timely event
14. ODM and Netezza
Conceptual Architecture
13
Netezza
ODM
• Aggregate customer base information
• Cleans information
• Apply models to daily information
• Produces scores
• Dump scores
• Rules filter customers & products
• Makes recommendations, bundling
products
• Decide when & how (channels)
15. Seizing opportunities through situational awareness
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Process
Rule
Servi
ce
Channels
High fidelity,
granular actions
Millions of Customers
Loan Applicant
…
Millions of
interactions
Hundreds of
Aggregates
Thousands
of Rules
Dozens
of Models
Applying Insights to simplify creating personalized,
customer-specific actions at the time of interaction
Decision Management in context
IBMDecisionServer Insights
16. Processes
System of Records
Social Media
Sensors
Data Warehouse
Business Events
Situation Detection & Action
Information Bus
Mobile Devices
System of Engagement
Four Steps toward decision making in context
18. Expected Benefits
• Make offers at the right time
• Improve relationship with customers
• Increase likelihood of sales by offering tailored products geared to
specific customer needs
– personalized offers to the customer
• Continuous improvement by
– analyzing customer data,
– monitoring transactions,
– determining patterns
– to make the right offer at the right time in a dynamic fashion
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19. Lessons Learnt
• Technical:
– No major issues experienced
– Compatibility issue: ODM and Netezza ran different versions of Java
• Business:
– No yardstick to plan effort
– More focus on Java skill set for new recruits
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21. Notices and Disclaimers Con’t.
20
Information concerning non-IBM products was obtained from the suppliers of those products, their published announcements or other publicly available sources. IBM has not
tested those products in connection with this publication and cannot confirm the accuracy of performance, compatibility or any other claims related to non-IBM products.
Questions on the capabilities of non-IBM products should be addressed to the suppliers of those products. IBM does not warrant the quality of any third-party products, or the
ability of any such third-party products to interoperate with IBM’s products. IBM EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING BUT
NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.
The provision of the information contained h erein is not intended to, and does not, grant any right or license under any IBM patents, copyrights, trademarks or other intellectual
property right.
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Hinweis der Redaktion
No computing power to process daily
Added propensity models, next best offer, next best action
IBM Decision Server Insights is new innovation we’re bringing into our ODM portfolio. It enables high fidelity, real-time granular and specific actions be taken given a very changing environment.
Whether your customer is a patient, a loan applicant or an insurance policy holder, Decision Server Insights has the ability to make sense of the millions of interactions that happen across channels and take specific action in real-time.
This is made possible by a really cool concept called Aggregates – it helps synthesize millions of interactions down into data that can be fed into scoring models in real-time. The result is a number of immediately actionable business rules that provide personalized, customer specific actions.
This is a great example of a case where a truly complex environment is drastically simplified, yet leading to customer-centric results.
Key points about Decision Server Insights:
Provides incremental capability for our ODM customers; it builds on skills that customers acquire as they work with ODM.
Addresses clients’ need for stateful real-time situational context for decision automation.
Allows clients to sense changing business conditions and respond to them with predetermined actions.
React at the right time and place to business opportunities and risks, such as
detecting and preventing fraud,
sending targeted marketing messages,
threats to people and equipment,
By aggregating events correlated with business entities across all channels
And applying policy rules and predictive models to trigger an appropriate response, such as
alerting people
triggering processes
opening cases
logging data for subsequent analysis.
Sense: Captures meaningful events across all channels, systems and devices
Build: Put data and events into context to understand and evaluate how everything relates
Decide: Apply the models, policies and best practices established by your subject matter experts
Act: Initiates and consistently Automates the next best action