Radix Analytics Pvt Ltd

Credit Scoring for Micro Finance Provider

Radix Analytics Pvt Ltd > Financial Services > Credit Scoring for Micro Finance Provider

Issues & Objectives

  • A Multi-finance company providing financing facilities for small and medium enterprises in Indonesia
  • The objective was to develop multiple portfolios for different loan types
  • Link the scorecard to core banking system to produce instant score at the time of application

Benefits

  • Process automation, ensured consistency, decreased manual work and increased accuracy
  • Generation of scorecards in real time with performance measures
  • Variable transformations are automatically accounted in scoring population
  • Deployment of the model and scorecard for scoring new applicants
  • Easy monitoring of score with the help of interactive reports

Project information

Techniques

Risk Analytics

Client

NBFC

Industries

Financial Services

Location

Indonesia

Challenges

  • On account of data security, the company developed the model in-house. No data was shared with Smart
  • Most of the data fields are in local language
  • Smart guided the whole process remotely with only one on-site visit and many hours of online consulting. This involved detailed analysis of numerous variables for each scorecard

Solution

  • The whole process is automated with Smart proprietary software, ACreS
  • 4 portfolios were built one each for Retail SME, Corporate SME, Retail Vehicle Loan and Corporate Vehicle Loan
  • In absence of core banking system, webservice is created to input data and receive instant score
  • Newly entered data is stored in a database

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