Experimental design bureau: Express Scoring

The express Scoring - service of fast verification of the request for the credit without request of credit history of the applicant.

On August 5, 2014 the Joint Credit Bureau company announced new service - the Express Scoring. Innovation will help to carry out a fast inspection of the request for the credit without request of credit history of the applicant and to make primary partial decision: approve, refuse or send for additional consideration.

Unlike Scoring of the Bureau intended for forecasting of probability of delay, determination of a limit and a loan interest rate the Express Scoring is developed for adoption of the fast solution on the request for the credit directly at the time of its giving or at a preliminary stage of its processing in the presence of the minimum information of the applicant: Full name and passport data.

The express Scoring represents the report where the request is estimated on a mark system proceeding from parameters:

• relevance of the credit for the applicant,
• credit loading (as far as the client is loaded by the current credits)
• payment discipline (delays).

These parameters are optimal for all participants of credit market.

Two operation modes about the Express Scoring are available to credit institutions:

• operational online requests
• offline requests according to lists of clients.

The hi-tech credit institution can segment and eliminate unwanted applicants, do individual offers to clients with different risk level at the time of preliminary approval of the request. Fast segmentation of incoming requisitions will help credit institutions to save time on obviously unwanted applicants, to direct a flow of "good" clients on the simplified way of consideration of the credit request. The detailing including a request of an evaluation score and the credit report is required only for a part of incoming requisitions. Such approach gives obvious saving of time and means.

"In addition to traditional banks at the market there are such financial players as ice generators, microfinance institutions, loan brokers, it is also interesting to them to work with the borrower. Especially as since July 1 they can fully use services of Bureau – Alexander Akhlomov, the development director of products of experimental design bureau told. – The express Scoring was developed with active participation of a number of the interested players of the market. As a result, service as much as possible corresponds to requirements and specifics of business processes of credit institutions that does it demanded and necessary in the market of financial services".