Alfa-Bank (Kazakhstan) implemented the scoring PowerCurve platform from Experian

February 12, 2015. Experian company and business analysts and JSC DB Alfa-Bank (Kazakhstan) brought^[1] the first results of work of the platform of new generation for effective management of PowerCurve decision making process.

Choosing a Solution

Technological effectiveness and care of the interests of clients – important priorities of work of Alfa-Bank. Besides the bank since the beginning of 2014 started more active development of retail lending. For this reason the decision to pass to technology more perfect scoring system of PowerCurve from Experian company was made. The platform of other developer which is earlier set in bank had no necessary flexibility and potential of operational change of settings.

Result

According to the results of three months of practical operation of PowerCurve, the average term of consideration of requests was reduced from 7-10 days to 1 day, when preserving quality of the loan portfolio. Operating expenses of bank were reduced, occurred not less than triple decrease in errors in decision making. At the moment no more than 1% of solutions contain errors. As a result were reached by bank business and the financial objects set at start of the platform. The PowerCurve platform allows to provide high efficiency of the made decisions at stages of customer acquisition, development of relationship with them, providing stable portfolio growth with the admissible and managed level of risks. JSC DB Alfa-Bank (Kazakhstan) implemented the PowerCurve system after successful work experience of this solution of the previous generation in JSC Alfa-Bank (Russia). The PowerCurve platform is developed in response to requirements of the market needing really flexible and end-to-end system of decision making which in the conditions of severe competition, would allow financial institutions to make the fast and thought-over decisions.

Implementation of the platform of decision making of PowerCurve from Experian allowed Alfa-Bank to reduce in Kazakhstan the term of consideration of the applications on the credits of individuals from 7-10 days to 1 day and to reduce operating expenses.

"Today specialists of bank already actively use PowerCurve for assessment of requests on all cash loans without pledge, to credit cards and also on refinancing products. We significantly increased the processing speed of requests and accuracy of decision-making. The flexibility of a system allowed to implement quickly several new products only due to change of settings of systems on the party of bank. We began to use fully possibilities of PowerCurve in 2015 that will allow bank to increase approval percent, at the same time to save quality of the loan portfolio, to reduce decision making time" - Alexey Zhukov, the Director of retail risks of JSC DB Alfa-Bank (Kazakhstan) comments.

"More than 30 years' experience and the best world practices is the cornerstone of the PowerCurve platform", - Charles Butterworth, the managing director of Experian in EMEA region says. – We are glad to give to Alfa-Bank support in building and improvement of the analytical platform of the automated decision making which, without doubts, will become a reliable basis for the large-scale growth of a client portfolio of bank in the field of retail lending".

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