Case Study 27:Customer Attrition analytics model

For a Large Bank

Bootstrap 101 Template
  • The client is a large private sector bank in India with a large savings and current account base.
  • Along with their own products, client also sells third party products like Life Insurance, Health Insurance, Mutual Funds etc.
  • Client has been selling these products with sales push strategy across all the regions.
  • Client wanted to ring fence its existing customer by identifying customers prone to leaving the bank .
  • The client also wants to know if they are likely to attrite fully or may have product specific attrition .
  • G-Square analysed the demographics, buying pattern & banking behaviour of customers and identified most important factors which affects the attrition of customers .
  • G-Square created the model keeping an overall attrition and a product level attrition
  • The focus is to create high engagement and right product strategy for the customers to do a win-back.
  • G-Square’s productified solution was implemented and was used to track the ‘high propensity to attrite’ customers.
  • At random check by RMs it was observed that the model was able to identify 70% customers who were thinking of moving out of the bank
  • Using these factors, G-Square developed a robust Attrition analytics Model using various tools and models
Are you ready ?

Get a free 30-min consultation with our experts. And also get an analysis report with some actionable insights post that for only $20
book a slot now