Application Credit Scoring for Retail Loans
Our client – a non-banking financial institution in Eastern Europe – is not new in the industry. Changing their strategy or letting “loose” on sales has often resulted in significant amount of bed customers, hence loss. Now they want to adapt acquisition approach that manages the application process as early as possible both within customer and company life-cycles.
A bespoke application probability of default scoring model was developed. This, along with hard and soft policy rules, was integrated into the application decision CRM.
A full application risk profile was achieved with the scoring solution. The model created met both accuracy and interpretability expectations so that the business was able to integrate it easily and gather further knowledge from the analytical journey.