AI-Driven Forecasting for Meridian Bank
Client
Meridian Bank
Category
Analytics
Year
2024
The Challenge
Meridian Bank's forecasting team was relying on quarterly spreadsheet models with a 12% error rate—costing $4.3M annually in over-stock and under-stock decisions. Leadership needed a real-time, AI-powered solution that could integrate with their existing Oracle infrastructure.
Our Approach
Lumina's data science team conducted a 10-day diagnostic of Meridian's historical data (5 years, 14 data sources). We identified three key predictive signals that had been systematically ignored by the legacy model.
The Solution
We built and deployed a custom AI forecasting engine using gradient boosting and time-series neural networks. The model integrates with Oracle in real time, delivering 97%+ accuracy forecasts with confidence intervals and anomaly alerts.
"The partnership felt like having a second brain. Our forecasting error dropped from 12% to under 2% in just four quarters."
Liam O'Connor
VP of Strategy, Meridian Bank
Key Outcomes
97%
Forecast Accuracy
$4.3M
Annual Cost Savings
83%
Error Rate Reduction
14
Data Sources Unified
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