Reduce the high bad rate
CredoWeb for the website
There was a high bad rate that required improved credit underwriting through the addition of a new scorecard.
Embedded CredoWeb into the website-based loan application form
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.
Developed an enhanced integrated model with a GINI uplift of 0.09, which was a 37.5% increase.
Decrease of the bad rate by 13.6%
Increase of 38.46%