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Bajaj Finserv Atom Competition: Usage of Alternate Data in Financial Services

This document discusses using alternative data sources like job portals to inform financial services. It proposes analyzing data points like age, salary, location, and marital status from profiles on sites like LinkedIn and Monster to determine suitable financial products for users. Age could indicate interest in loans or insurance. Salary could assess repayment ability and recommend loan amounts or insurance coverage. Location may suggest need for housing loans. Marital status may relate to interest in loans for education, housing, or personal/vehicle loans. The goal is to infer insights not explicit in the data to assist financial decision making.

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krishna sharma
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442 views

Bajaj Finserv Atom Competition: Usage of Alternate Data in Financial Services

This document discusses using alternative data sources like job portals to inform financial services. It proposes analyzing data points like age, salary, location, and marital status from profiles on sites like LinkedIn and Monster to determine suitable financial products for users. Age could indicate interest in loans or insurance. Salary could assess repayment ability and recommend loan amounts or insurance coverage. Location may suggest need for housing loans. Marital status may relate to interest in loans for education, housing, or personal/vehicle loans. The goal is to infer insights not explicit in the data to assist financial decision making.

Uploaded by

krishna sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Bajaj Finserv

ATOM
Competition
Usage of alternate data in financial services

Team - Chaturbhuj
Alternate data means enabling self
to infer from data not having
meaning in it’s own to assist in
financial decision making

Our intent is to fetch data from


Intent professional networks

Such as naukri.com, monster.com,


linkedIn and others
Why Job
Portals?

JOB PORTALS CONTAINS DATA THE SELECTION FOR THESE PEOPLE EVEN NON-WORKING
ABOUT THE PEOPLE WHO ARE SEEM APT BECAUSE THEY ARE PROFESSIONALS COULD BE THE
LOOKING FOR WORK OR ARE EITHER WORKING PROFESSIONALS TARGET AS THEY COULD BE
EITHER CURRENTLY EMPLOYED THAT COULD BE POTENTIAL PROSPECT FINANCIAL SERVICES
AND LOOKING FOR A CHANGE CUSTOMERS IN NEED OF CONSUMERS
FINANCIAL SERVICES
Age could be used to infer a lot of things
which could assist in deciding what financial
Alternate Data services could be suitable for a person.
- Age
For young adults – we could provide loans as
they are usually recent entrants to earning
and could make use of such financial services

For mid-aged and senior adults – we could try


provide the various insurances as they would
be interested in such financial services
Salary entered in few of these sites could be used to
assess their repayment capability. If they are able to
convert the jobs for which they have been selected
Alternate Data we would also know their updated salary
- Salary
This information could be used to figure the amount
of loan that could be issued to that personnel as it
could act as an indicator for their purchasing
capability as well as their repayment capability

This could also help to assess the position of the


personnel of taking the insurance coverage amount
based on his salary
• Salary of people earning above 5 lacs could be assessed
as possible candidates for taking insurance and loans
that could be used in tax exemption policy set by the
government

Alternate Data - Salary


The location of the person could be used to assess
whether that user could be in use immediate funds
and could be a travelling from his current
location/permanent location to somewhere different
based on his getting a job which indicates he

Alternate probably doesn’t have a housing accommodation


there and could be in need of one.

Data -
Location
Hence targeting such people for housing loans would
make sense.
Depending on the marital status of a person
Alternate Data one could figure out whether they could be in
need of various financial services
– Marital
Status
If married could be in use of education loan,
housing loan, and such others.

If single could use personal loan, vehicle


loan/insurance, and such others

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