Commercial Bank transforms credit risk management with AI-Powered credit modelling
5% increase in approvals
Country
Company Size
Products
Type
The Challenge
They were hampered by only having a limited number of historical data variables available to develop statistical models for more accurate risk profiling.
The Results
+96 pts
Processing time per application
-92%
Increase in approval rates
+4%
Reduction in loss rates
-14%
Generating Incremental Profitability
High accuracy credit modelling has enabled our customer to significantly reduce loss rates, resulting in incremental profitability. Additionally, they have been able to safely trial expansions into new segments with an increase in the approval rate; something that they plan to scale in Phase 2.
Plug & Play Architecture
Despite a rule-based approach to credit scoring, our customer was dependent on IT resources to deploy the scorecard. With creditX’s plug & play approach, our customer was easily able to connect their data and LOS with creditX, removing any need for IT support and enabling one-click deployements of new credit scorecards.
The Solution 
Feature engineering to create sufficient variables for statistical scorecard development
Ensemble ML algorithms for higher predictive accuracy
Seamless integration with customer’s Datawarehouse, LOS & LMS systems
Bias reduction algorithms incorporated into model development process
Results after 3 months
<1 week
to develop and deploy new credit models
8%
Increase in Approvals which reversed rejection rates
“A game-changer”
finbots.ai’s solution, creditX, is a game changer in credit modelling that supports our Bank’s digital transformation journey.
– Ti Eng Hui, CEO, Baiduri Bank
Book a Demo
Let us show you how finbots creditX can help your lending business with a no-obligation call and demo.
Book a demo
Let us show you how fnbots creditX can help your lending business with a no-obligation call and demo
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