"Conscience" optimized the system of adoption of credit solutions due to scoring 4Score BKI "Equifax"

On February 12, 2019 the Sovest company announced implementation in process of adoption of credit solutions of the scoring 4Score model, the developed BKI "Equifax". Start was preceded by the broad analytical research and testing held jointly by experts of QIWI Bank and Equifax. As a result the efficiency of models Equifax was confirmed.

The implemented scoring model has high efficiency regarding ranging of clients, is stable in time and at all stages of a business cycle. The model has product orientation — consists of 4 separate scoring models. At its creation dependences were found and the variables with the high separating capability which are almost orthogonal in relation to applied earlier are created. Thanks to it the figure of merit of model (gini) approached 70% in the absence of retraining.

Information of bureau of credit histories is traditionally important for participants of financial market at decision making about crediting. As we are engaged in risks of retail lending of a street segment, growth of the customer base demands from us continuous improvement of the used models. From the start of the project when scoring we use the maximum set of sources of data on the client – it allows not to issue an additional loan to those who have no opportunity to return it. The specifics of work of bureau locate data which are unavailable directly to banks. Having carried out the analysis, joint with BKI Equifax, we could enhance efficiency of our credit strategy which can be expressed both in risk reduction, and in preserving of the previous level of approval at making decision on issue of the card. Anastasia Mukhachyova, risk - the project director Conscience

Priorities in activity of our company are a continuous improvement existing a product line and also development of models on fraud prevention and risk reduction in the course of adoption of credit solutions. One of such developments is the 4Score model which our analytical command developed using modern technologies and techniques. Oleg Lagutkin, CEO of BKI "Equifax"