SUCCESS STORY
Driving Consumer Loan Business Growth with AI-Powered Credit Modelling.
Problem
A regional lender was struggling with low approval rates and low accuracy of credit models, despite investing resources (data scientists) and technology through the credit risk process.
It took them 3 months to develop a credit model and an additional 5 months to deploy them, resulting in large losses in model accuracy.
Solution
We implemented our AI-powered credit modelling platform remotely:
Results
+25pts
Increase in GINI Accuracy
<1 week
to develop and deploy new credit models
+15%
Increase in Approvals
-10%