Lloyds TSB cuts modelling timescales with KXEN analytics package

Lloyds TSB is deploying data mining automation technology from KXEN across a 40-strong team to improve the speed, productivity and capability of its internal analytics resource.

  0 Be the first to comment

Lloyds TSB cuts modelling timescales with KXEN analytics package

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Adopting KXEN's Analytic Framework after an extensive six-month evaluation the bank has been able to bring previously outsourced work back in house, says the vendor, and has seen modelling timescales slashed from days or weeks to just a few hours.

The technology is used in several applications at the bank including marketing segmentation and incremental response modelling.

Lloyds TSB head of value solutions Simon Samuel says the package has significantly cut modelling timeframes.

"Two to three week timescales to turn round models and analysis are no longer acceptable within the current environment and with KXEN we're now doing in hours what used to take days," he says. "KXEN has enabled us to differentiate our modeling resource to increase both the breadth and depth of our capability."

Sponsored [Webinar] Can You Have It All? Integrating New Channels In A New World Of Payments

Comments: (0)

[On-Demand Webinar] Why Verticalisation Matters: Unlocking Success Through Tailored SMB PropositionsFinextra Promoted[On-Demand Webinar] Why Verticalisation Matters: Unlocking Success Through Tailored SMB Propositions