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Redtech Ltd

Payment Products

Payment Analytics Solutions

Enhance business efficiency using data-derived insights.

With the surge in online transactions, a deluge of data from various digital payment channels is overwhelming banks. While they acknowledge the potential advantages of this data, they often struggle to amalgamate and scrutinize information from disparate payment systems to attain holistic efficiencies.

To facilitate nimble data generation and deliver insights across the organization, financial institutions need to seek out groundbreaking solutions to this problem. Redtech Analytics-Solutions amalgamates data from a variety of sources and formats in the cloud, converting intricate, unprocessed data into assets ready for business application.

Redtech Analytics-Solutions

The Analytics Solutions is built on extensive expertise in providing switching, payment services, and payment products. This service can be tailored to meet the specific business needs of customers, allowing financial institutions to address immediate analytics requirements and expand services as needed.

The core platform driving the service, effectively ingests and integrates data from various payment sources, including Switch, Payment Systems, POS, Mobile Banking, Internet Banking, Card Management Systems, Payment Reconciliation Systems, and external sources, to generate valuable insights.

Functional Applications

The Marketing, business, and operations teams within banking institutions can tap into a pre-configured collection of ready-to-use applications to achieve swift business outcomes.

Merchant Analytics

Spend Analysis

Analyze customer spending patterns across various channels to develop customer segments and suggest appropriate card programs.

Personalized Offers

Monitor customer track-ways and provide enhanced promotions, such as instant credit to qualified customers during checkout.

Product Suite Evaluation

Evaluate the performance of card products to refine and optimize the product portfolio.

Transaction Activity Score

An insightful score based on recency, frequency, and monetary value to optimize database management and direct marketing strategies.

Transaction Error Review

Conduct a root cause analysis of failed transactions to enhance the success-to-failure ratio.

Refund Patterns

Merchant dispute trends to help retailers enhance the quality of their service.

Risk Analytics

Real-time Risk Management

Identify risk trends and continuously refine the precision of risk evaluation and scoring criteria.

Risk Detection

Monitor transactions instantly by identifying abnormal patterns that suggest possible fraud.

Vendor Risk Rating

Evaluate merchants’ risk scores using various factors to reduce fraud losses.

Multi-channel Risk Control

Instantaneous evaluation and control of risk across multiple channels.

Device Risk Control

Continuous evaluation, detection, and control of risk across various devices.

Consumer Risk Index

Assigns risk ratings to customers to reduce vulnerability to fraud.

Customer Analytics

Grouping/Operational Efficiency

Examine merchant transaction data with advanced machine learning techniques to form merchant groups and develop marketing plans.

Acquisition Strategy

Enables acquirers to pinpoint top-performing segments and drive revenue growth.

Transaction Error Analysis

Conduct a thorough investigation of the underlying causes of transaction failures to enhance the success rate of transactions.

Smart Pricing

Accurate data on segment and merchant effectiveness aids in optimizing pricing strategies.

Operational Analytics

Process Optimization

Determine the reasons for transaction failures by analyzing transaction data to reduce the rate of unsuccessful transactions – including timeouts and error codes.

Predictive Capacity Planning

Using data analysis and forecasting techniques to anticipate future resource needs and ensure sufficient capacity is available to meet demand.

Cash Flow Administration

Track cash positions, detect potential cash outages, and take proactive measures to maintain sufficient liquidity.

On-us/Off-us Transactions

Optimize the overall efficiency of the transaction process, reduce costs, and enhance the overall customer experience.

Real-time Service Monitoring

Continuously tracking the performance and availability of services to ensure they are operating efficiently and effectively.

ATM Infrastructure Optimization

Enhance the efficiency and effectiveness of their ATM networks, leading to improved customer satisfaction and reduced operational costs.

Why Redtech

Payment Analytics Solutions?

Connect with leading specialists

We offer clients the opportunity to engage with top-tier talent in data modeling and analytics, addressing the challenge for financial institutions in sourcing the right expertise.

Budget-friendly cloud infrastructure

With our adaptable yet secure cloud-based solution, the Redtech Managed Services model is more economical & cost-effective than maintaining and managing infrastructure internally.

High-level data security

Data security is paramount for organizations today. Safeguarding the data is a critical priority in the Managed Services model.

Dynamic cloud-based framework

Redtech Analytics-Solutions operates on the AWS cloud, allowing resources to be elastically adjusted to meet the evolving demands of the workload.

Connect with your payments & technology partner now!

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