Spain
Consumer Loans
Goal:
Increase the approval rate of online consumer loans and decrease bad rate
Products Used:
CredoWeb
The choice of 150+ financial companies, banks and fintech unicorns
The Challenge
Maintain a similar or lower bad rate on online consumer loans while increasing the approval rate.
Solution
Embedded CredoWeb into the bank’s website-based loan application form
Android SDK
iOS SDK
CredoWeb
The Results
The objective was to approve more online consumer loans and reduce the bad rate. With the help of our CredoSDK, the bank achieved the goal and developed a model with a GINI uplift of 0.12. The total increase in results was up to 41.4% which helped our client to significantly increase the approval rate with a simultaneous reduction in bad rate due to higher GINI.
41.4%
GINI (Total Population)
The total population increased by 41.4%.
-18.8%
Bad Rate
The bad rate was reduced by 18.8%.
46.7%
GINI (Approved Population)
Approved population increased by 46.7%.
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