Application Scorecard for an Online Payday Lender
- To improve poor performance of an online PDL company.
- Low AR < 10% with extremely high npl >30%.
- The company operates through a digital-only application process.
- Manual underwriting of more than 60% of applications.
- CredoLab SDK integrated into existing Android application.
- 100% coverage and hit rate.
- Seamless and easy IT integration – 4 weeks for full integration.
- Smart knockout rules based on client's digital footprint.
- A suite of 3 scorecards tailored according to the specific Android operating system's version: Android 4, 5, 6 and above.
Permission granting is mandatory for a positive credit decision
Time to Yes
Time from scoring request to response