Vietnam
Digital Lender
Goal:
Reduce the high bad rate
Products Used:
CredoWeb for the website
The choice of 150+ financial companies, banks and fintech unicorns
The Challenge
There was a high bad rate that required improved credit underwriting through the addition of a new scorecard.
Solution
Embedded CredoWeb into the website-based loan application form
Android SDK
iOS SDK
CredoWeb
The Results
The objective was to reduce the high bad rate. With the help of our CredoSDK, the digital lender achieved the goal and developed an enhanced integrated model with a GINI uplift of 0.09. The total increase in the total population was up to 37.5%, which helped our client significantly reduce default and opened an opportunity for higher approval rates for profitable growth.
37.5%
GINI (Total Population)
Developed an enhanced integrated model with a GINI uplift of 0.09, which was a 37.5% increase.
-13.86%
Bad Rate
Decrease of the bad rate by 13.6%
38.46%
GINI (Approved Population)
Increase of 38.46%
How do we fit into your business model?
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