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 Finantix
Credit Scoring
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By using a scorecard algorithm Finantix Credit Scoring engine automatically assigns a credit score to credit applications and client behaviours applying parameters read from credit applications, extracted from operational systems or distilled by the analytical engine. The product allows Financial Institutions to manage the whole credit scoring process: either by grading prospective clients or calculate the risk of granting, maintaining or extending credit.
Finantix Credit Scoring engine automatically computes credit scores (a quantifiable risk factor) for given clients or applicants. The computation is based on a number of parameters and factors defined and weighted within multiple credit scoring models or scorecard.
The solution supports all types of credit scoring implementations such as:
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Behavioural
scoring system with assessment of client
and credit risk. It analyses client,
account and relationship behaviour over
time. It is used for authorisations,
approving limit increases or overdrafts,
renewals/reviews, credit collection
strategies |
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Application scoring system with risk assessment while granting the client a specific credit product. It evaluates the parameters contained in the application form (enriched by client profile information if the applicant is known to the bank) |
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