Credit Scorecard Build
Accelerating the build of credit scorecards
The application of credit scorecards is well established. Lenders use them to speed-up the credit approval process, manage credit quality, and reduce exposure to potential bad debt. However, the range of application scenarios has increased due to increasing competition, market volatility, new sources of data, and access to more sophisticated analytical tools.
In a constantly changing environment you need increased capacity and cadence to review, recalibrate and rebuild scorecards more frequently. To enhance competitive advantage, we are seeing lenders calibrate scorecards to the micro-segments of their population and continually explore new innovative source of data. This gives rise to an increased demand for higher efficiency and added capacity in the scorecard build process.
Applying Credit Scorecards
Application Scoring
New business approvals based on limited data available at the point of credit application.
Repeat Loans Scoring
Repeat customer approvals based on observed customer-specific behaviour.
Behavioural Scoring
Credit rating for risk management. For example, applying behavioural risk scores to calculate probabilities of default for capital purposes.
Let’s talk!
Get in touch to discuss how we can help accelerate your credit scorecard builds that incorporate new sources of data and sophisticated analytical tools.