Digital Bank drives profitability by reducing credit loss rates by 50%
Country
Company Size
Products
Type
The Challenge
The Results
+25 pts
Processing time per application
5 Days
Increase in approval rates
+15%
Reduction in loss rates
-50%
Stemming Loss Rates
Our customer saw a drastic 50% reduction in loss rates using a credit model developed & deployed on creditX. At the same time, they experienced a 15% increase in approvals resulting in significant increases in profitability.
Easy and Efficient Modelling
creditX saved our customer thousands of man hours across data science, risk and IT by automating the entire credit risk model development, validation and deployment. Today, 1 person manages the entire process, with other teams deployed across other value-adding projects.
The Solution 
Ensemble ML algorithms for higher predictive accuracy
Rapid integration into the bank’s infrastructure using API
Customized rules decision engine to incorporate broader policy and regulatory rules
Implementation completed in 14 weeks
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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