Commercial Bank transforms credit risk management with AI-Powered credit modelling
High accuracy enabled 14% drop in loss rate with 5% increase in approvals
One of the largest Commercial Banks in Southeast Asia with a range of Retail & SME lending products
Results after 3 months
to develop and deploy new credit models
Increase in Approvals which reversed rejection rates
They were hampered by only having a limited number of historical data variables available to develop statistical models for more accurate risk profiling.
The Solution — creditX
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
Generating Incremental Profitability
Plug & Play Architecture
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
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