Sber has completely transferred the retail credit process to its own software

2022: Implementation of its own credit decision-making platform in the retail process

On July 18, 2022, Sber informed TAdviser about the introduction of its own credit decision-making platform in the retail process, completely abandoning vendor software.

Sberbank has completely transferred the retail credit process to its own software
Photo: tulapressa.ru

The SberCredit Machine (or SberKM) credit decision-making system is its own development based on the solutions of the Sber Platform V digital cloud platform, which allows developing business applications of any scale and complexity. SberKM allows you to process up to 1.2 million loan applications per day.

Centralized consideration of loan applications of individuals in Sberbank began in 2008. Decisions began to be made in an automated mode on the basis of a foreign platform using data from internal and external sources and assessment models. Prior to this, decisions were made manually, and loan applications could be considered for up to two weeks.

As of July 2022, 99% of retail loans are issued without requesting additional data from customers, in real time, based on AI models.

SberKM is an in-house credit risk management tool without using vendor solutions. Throughout the entire process - from entering a loan application to making a decision and conditions for issuing - we use only our own software. This is the most difficult project, on the implementation of which a large team worked for a year and a half. At the same time, migration to your own solution was carried out without interrupting workflows. bank Our system is reliable, flexible and fail-safe, - said Nikolai Astashkin, Vice President, Director of the Retail Business Risks Division, Sberbank.