Otkritie Bank develops a risk management system in the small and medium-sized business segment using a scoring model from BKI Equifax

2022: Developing Risk Management in SMB

Otkritie Bank on March 11, 2022 announced that as part of the improvement of the risk management system for lending to clients of the SMB segment, it tested a specialized scoring model from BKI Equifax. The fully finished industrial solution is based on the data of the bureau and integrator of data on legal entities - Integrum. Its implementation will allow to obtain a high-quality analytical solution in the form of an integral scoring model.

The model developed by the Equifax Credit History Bureau includes all aspects of the legal entity's credit history, indicators of its financial reporting for the entire available history, the availability and tonality of media publications about this legal entity, information about litigation, participation in procurement, regulatory claims and other parameters. As a result, the obtained scoring model from BCI Equifax incorporated a lot of independent sources of information, which can achieve a high added effect to the bank's own processes.

The solution proposed by Equifax is based on many data sources, the integration of which, judging by the results obtained by the bank, is successful and shows high results in customer segmentation. Testing of the scoring model from BCI Equifax and Integrum demonstrates the worthy results that the bank can choose for the purpose of improving the system of making credit decisions in the SME segment.

Equifax, together with its partner, Integrum, analyzed several thousand parameters characterizing the activities of legal entities, as a result of which a time-stable model with high quality indicators was developed.