FIDA: supervising the open finance with confidence

Each year, April 1 rings the end of the winter break, during which electricity and gas cuts are suspended. This is a delicate transition phase for energy market players. If the established truce protects the most vulnerable homes, the accumulation of unpaid arrangements can tension the relationship between energeticians and their customers. Between delicate recovery procedures and evaluation of the solvency of new customers, the challenges faced by energy suppliers are numerous. Find out how the Meelo solution accompanies them effectively to deal with them.

Energy suppliers operate in a regulated environment which forces them to provide energy supply to all households, including those in energy precariousness. This legal framework, although necessary, limits their capacities to manage the risks linked to unpaid. Aggraged by the periods of winter break which prevents any breach of contract between November 1 and March 31, this situation makes the proactive identification of customers at risk. The Meelo energy score is the perfect response to the challenges of energy. By optimizing financial risks, it helps to strengthen their economic stability while promoting a preventive and fair approach to consumers.

Our client, consultant specializing in the energy sector, agreed to return to the successful implementation of the Meelo solution in one of the major energy players in France.

Innovation has always been at the heart of the Meelo reactor. Our teams constantly postpone the limits of artificial intelligence and machine learning to offer ever more reliable and efficient fraud solutions. The integration of the catboost into our algorithms arsenal is perfect proof. This boosting model, among the most advanced on the market, allows us to provide fraud of unrivaled precision. Discover exclusively all the advantages of our secret boot.

Open Banking, a constantly evolving concept, has profoundly changed the financial landscape in Europe. This movement was catalyzed by progressive regulations aimed at opening the doors of financial data to third parties, and it has brought significant advantages to many economic sectors. In this article, we will explore the ins and outs of Open Banking, its implications for the precision of solvency scores, as well as its practical applications in various fields.