Using Hierarchical Data Structures to Drive Better Models

I recently had one of those experiences where parenting intersected with analytics… The other day I told my daughter she has way too many shoes laying around the house. She replied with “well, I bet the Wilsons next door have more.” After I recovered from the initial shock of the smart-mouth-red-haired-monkey’s answer, I pointed out…

Fresh Focus From FinTech During FinovateSpring 2016

The Earnix team has just returned from the FinovateSpring FinTech conference in San Jose, CA. In case you’re not familiar with this conference – it’s two days of seven-minute software demos, 74 presentations in all. It’s intense. It’s techy. And amazing. This is my fifth Finovate event in the past eight years – it’s a…

Are you a truly customer-centric insurer?

It is no surprise to anyone that financial services providers recognize the need to change the way they interact with their customers – everyone speaks about a customer centric approach and the need to be a customer centric organization. But what does this mean in practice? What are the necessary steps to take to have…

Changing the Game: The Next-Generation of Analytics

I’ve been involved in data and analytics for a long time – since my days at Capital One when I worked on credit policy. It’s amazing how much has changed since then. And how little. First, the big changes. There is an almost unlimited amount of computing power – particularly leveraging the power of the…

Predict Fee Paying Behavior and Improve NII Performance

With margins compressed and prospects of rate hikes waning, banks are once again becoming laser-focused on fee income to drive overall revenue growth.  According to a survey of more than 200 bank executives conducted by Earnix and SourceMedia (publisher of American Banker), 74% mentioned growing fee revenue as one of their biggest challenges for 2016. …

Four Insights From CBA LIVE 2016

The Earnix team had a very exciting time in Phoenix attending the Consumer Bankers Association annual meeting, CBA LIVE 2016. The conference was full of energy with great speakers – particularly keynote speeches by General Stan McChrystal, Heather Cox (CEO, Fintech, Citi) and Amy Walter (National Editor, Cook Political Report).

Of course, there were many other interesting presentations across all facets of banking – deposits, consumer lending, home equity, payments, regulatory, social responsibility – but the content was as remarkable for what wasn’t included as for what was included.

How Smart Is Your Competitive Intelligence?

There is no doubt that the competitive landscape in the North American personal lines insurance market is changing. The market is the most competitive it has ever been and growing market share seems to be a top priority for many carriers. This trend has resulted in the willingness of companies to price policies aggressively to…

Auto Finance Providers Shift Gears to Address the Growth of Off-lease Vehicles

The rate of automotive leasing in the United States will soon be reaching its highest level in more than a decade. Now more than one out of every four new vehicles will be rented rather than be bought by consumers. A pronounced shift is taking place which resembles a return to the late 1990s, a…

More Eye-Opening Industry Survey Results – What’s New In Homeowners Insurance Ratemaking?

As many have noticed, homeowners insurance is heating up. Over the past few years companies have addressed many of the challenges in the highly competitive auto insurance market; now, carriers are switching their attention to homeowners. With highly volatile weather patterns, carriers have increased their focus on determining the right premium for their customers. Companies…

What 200 Bankers Are Saying About Their 2020 Revenue Models

“You need to embrace change if the alternative is disaster.” Elon Musk, founder of SpaceX and cofounder of Zip2, PayPal, and Tesla Motors Is the banking industry ready to change? According to our recent survey of 200 European bankers, transformation is top-of-mind, with many in search of a new banking revenue model. Our survey shows…