Klitos Georgiou, Founder and CEO   , Calculus AnalyticsKlitos Georgiou, Founder and CEO
Every business, irrespective of the sector, contends with the complexities of finance, insurance and cybersecurity risks. The true mark of a successful organisation lies not just in tackling these challenges but in its proactive approach to overcoming them. This is where strategic partnerships, resembling what is offered by Calculus Analytics, play a pivotal role.

Calculus Analytics distinguishes itself with a comprehensive suite of services that include risk modelling, risk management consulting, forecasting and software development. It operates with a vision centred on delivering excellence through close-knit collaborations with clients and its primary objective is to provide innovative, sustainable and tailored analytics solutions powered by the latest in artificial intelligence (AI) and machine learning (ML) technologies.

“We leverage the latest technology and methodology to develop innovative solutions that provide our clients with real value, helping them stay ahead of the curve in an everevolving landscape,” says Klitos Georgiou, founder and CEO.

Precision in Risk Management

Calculus Analytics offers multiple services that help clients effectively identify, assess and mitigate risks. Specialising in credit risk management, one of the company’s core strengths is developing advanced scoring models tailored to its client’s specific needs. Leveraging sophisticated statistical techniques and ML algorithms, Calculus Analytics creates scoring models that accurately assess creditworthiness, providing valuable insights into the borrower’s risk profiles.

Calculus Analytics recognizes that success is not merely about delivering a product or service but about providing ongoing support and guidance. Consequently, it extends continuous assistance throughout the AI adoption and risk management process, including training, troubleshooting and strategic advice. This comprehensive support, combined with a proven track record and the satisfaction of clients who have seen significant improvements in their operations and outcomes, has established Calculus Analytics’ position as an industry leader and a benchmark for excellence.

Another pillar of its approach is a commitment to ethical data practices. Adhering to the highest data handling standard ensures the privacy, security and integrity of client information across all operations.

Aside from modelling, it offers consultancy services that cover the entire lifecycle of credit risk management—from origination to recovery. A team of experts provides strategic guidance and actionable insights that enhance various operational aspects. Whether clients intend to optimise underwriting practices, refine risk assessment methodologies, or implement effective recovery strategies, Calculus Analytics ensures that each step is navigated with precision and expertise.

Building upon its consultancy services, Calculus Analytics specialises in debt collection and recovery solutions that minimise write-offs of bad loans. It uses data analytics and predictive modelling to develop innovative strategies that prioritise collection efforts and maximise recovery rates. The company’s holistic approach ensures delinquent accounts are identified, collection processes are streamlined, and resource allocation is optimised for maximum efficiency.

We aim to give customers the edge while ensuring strong partnerships. Together, we go further. Together, we are transforming insights into action and driving meaningful change

Finally, Calculus Analytics helps clients improve the performance of their key operational areas, including origination, portfolio management, collections and recovery. Through interactive reporting, meticulous analysis and continuous monitoring, the company identifies inefficiencies and implements focused initiatives. This approach not only enhances profitability but also minimises credit losses, ensuring clients stay ahead in the competitive financial landscape.

Building Success through Integrity, CustomerCentricity and Strategic Partnerships

Guided by core values that are more than mere words, Calculus Analytics has built a reputation for integrity, inclusion, innovation and impact. Operating with trust and honesty, it embraces diverse perspectives, commits to delivering excellence and drives innovation through data science and AI. These values form the foundation for providing impactful solutions.
At the heart of Calculus Analytics’ success also lies its unwavering focus on customer satisfaction. Recognizing the unique challenges and goals of each client, the company practices active listening and deep understanding, collaborating closely with clients. This approach ensures that solutions are tailored to individual needs while consistently surpassing expectations and delivering tangible outcomes.

“We aim to give customers the edge while ensuring strong partnerships. Together, we go further. Together, we are transforming insights into action and driving meaningful change,” says Klitos Georgiou.

Calculus Analytics believes in the power of strategic partnerships, recognising their pivotal role in driving innovation and achieving mutual success. Since 2010, it has partnered with FICO, a renowned global leader in analytics and decision management software. The alliance spans Greece, Cyprus and the Middle East, where it serves as a trusted partner for comprehensive sales and support for FICO's products and services.With a team of highly qualified personnel, Calculus Analytics delivers end-to-end solutions, including consulting, project management and ongoing maintenance and support, ensuring seamless integration and maximum value for clients.

The company also partners with academic institutes, such as the Athens University of Economics and Business. These affiliations are of crucial value, granting access to cutting-edge research and innovation in the fast-growing field of data science. Leveraging the expertise and resources of these educational institutions, it remains at the forefront of industry trends and developments, gaining a competitive edge in the market.

Throughout its evolution, Calculus Analytics has collaborated with clients across multiple sectors, including banking, finance and energy. Mentionable achievements include a utility company witnessing a notable 20 per cent improvement in their bad debt ratio and another achieving an impressive 50 per cent increase in collections through strategic debt restructuring. In addition, a finance sector client experienced a notable reduction of up to 15 per cent in bad debt, while an industrial sector client benefited from prediction models, yielding 15 per cent better results compared to previous methods.

Inside the Game-Changing Team

Calculus Analytics houses a multidisciplinary team proficient in pivotal areas, including AI, ML, data analytics and risk management. Their expertise extends across various regions, as seen in its projects conducted in Greece, the Balkans, the Middle East and Asia Pacific. These projects encompassed risk modelling development, reengineering of credit origination and collection/recovery department processes. The team has also developed various applications, behavioural and restructuring models, showcasing their profound knowledge and expertise in the analytics domain.

  • We leverage the latest technology and methodology to develop innovative solutions that provide our clients with real value, helping them stay ahead of the curve in an ever-evolving landscape

At Calculus Analytics, every project is not just a task but a step towards its greater vision. Its team focuses on creating a comprehensive knowledge repository that addresses the client's immediate needs and seamlessly integrates with their longterm strategy, culture and vision.

Beyond their technical acumen, the team prioritises ongoing learning and development to ensure they remain at the forefront of industry advancements. This commitment to continuous improvement involves active participation in industry conferences, workshops and training programs, enabling professionals to continually elevate their skills, stay abreast of emerging trends and further enhance their ability to deliver exceptional solutions and services to clients.

Directing its sights ahead, its vision is to pioneer data science knowledge and innovation globally. In order to achieve this, Calculus Analytics will continue to provide excellence through strategic client collaborations, with innovative, sustainable and tailored solutions that align with customer needs.