Scorista

Scorista.ru is an online service according to borrowers for microfinance institutions (IFIs). Using own algorithm and a mathematical model, the service allows IFI to make an optimal solution on issuance of credit and on a third to reduce percent of non-payments. Connection to the Scorista.ru system is performed by means of API, or by means of the web interface that allows to reduce costs of IFI for scoring significantly.

The Scorista.ru project is the Russian development: it started in 2013 at the initiative of Maria Veykhman, the project manager and Ivan Tretyakov, the CEO. Maria Veykhman graduated from the Perm polytechnical university majoring in Computers, more than 17 years works in the development area of difficult information algorithms and more than 13 years manages online projects. Ivan Tretyakov has long-term experience in the field of sales, in the field of private and corporate investments and management of online projects.

Online service of Scorista.ru – the cloud service of assessment of the borrower focused on the small companies of the microfinancial sector. The project represents an analog of ZestFinance companies (USA) and KrediTech (EU) offering services in decision-making in issuance of credit in the scheme SaaS. At the same time Scorista.ru uses own algorithm and a mathematical model that allows to reduce percent of non-payments on a third.

The relevance of quality improvement of the loan portfolio of IFI significantly increased after toughening of the Russian legislation regulating an order of issuance of credits and microloans for the population. In 2013 the Central Bank of the Russian Federation increased coefficients of risk and regulation of reservation, and since 2014 the regulator acquired the right to set and publish the "weighted average" cost on different types of the credits and loans which banks and IFI will not be able to deviate more than for 30%. Thus, in the conditions of impossibility of increase in the level of rates compensating risk on the loan portfolio to the forefront for IFI there is an issue of decrease in percent of non-returns and, in parallel, building of a share of clients with bad credit history.

The quality assessment system of borrowers developed by Scorista.ru is based on the principle of making decision on issuance of credit according to the scheme SaaS, applying own an algorithm and matmodel. During testing the algorithm used by Scorista.ru proved the stability on the depersonalized base of credit bureau (about 8% of the Russian market) – especially, for the loans the amount up to 50 thousand rubles issued no more than for 6 months. During approbation of cloud scoring on friendly to service of microfinance institution it was established that the percent of a non-return did not exceed 9.5%, and the delay on primary payments made no more than 20% that is significantly lower than average market values for the Russian microfinancial sector.

Connection of IFI to Scorista.ru happens on API, or via the web interface. Use of such approach allows to minimize the level of finance and labor costs of the organization customer of service.

"We are sure that services of an online service of Scorista.ru already in the near future will be actively used by many Russian microfinancial institutions. Allow to expect it both high popularity of similar services abroad, and the demand growth predicted by us from domestic IFIs on qualitative and at the same time the inexpensive service according to the borrower constructed based on advanced technology of Data mining. Our unique developments allow to estimate quality of each borrower with a high accuracy, minimizing the possible level of delay on a portfolio that will allow IFI to offer the market the comfortable level of rates at moderate risk for itself", – the managing director of Scorista.ru company Veykhman Maria says.

Scorista.ru uses an original algorithm of assessment of the borrower using modern mathematical methods of data processing and the first of the Russian scoring systems of Scorista.ru actively involves possibilities of Big Data. Social networks is a new source of information on the borrower and his consumer behavior. In conditions of permanent growth of number of Internet users, this source the new quality gives estimates, supplementing traditional channels (credit history and dr). In terms of the approaches to assessment of Scorista.ru competes with solutions of global leaders of Equifax, Fico, Experian, Crif which develop decades scoring technologies.

One more difference of Scorista.ru is its business model: the service of scoring is provided on the scheme SaaS (Software as a service). The online service within one minute makes IFI the recommendation about the borrower - "issue" or "refuse". At the same time IFI does not need to set the software (connection to service happens by means of API or by means of the web interface), it is enough to report the minimum data on the borrower. The cost of processing of one request on the borrower - 22 rubles.

The technique of Scorista.ru guarantees IFI that not less than 25% of the credit requests which passed through the scoring filter will be approved and at the same time no more than 22% of the credits will get to primary non-return and no more than 12.8% - will go to a default zone. The company is so sure of efficiency of own technique that it offers IFIs which will not receive such effectiveness, not to pay their service. Experimental selections show that using Scorista.ru of IFI reduce percent of non-payments of the issued credits approximately for a third.

History

2014

In February, 2014 the online service of Scorista.ru providing services in assessment of borrowers for microfinance institutions (IFIs) was started. The unique model of the analysis used by the project allows to minimize costs of IFI for scoring and to reduce a share of non-payments of the microcredits.

The Life.SREDA venture fund invests in the scoring Scorista.ru project

The Life.SREDA venture fund specializing in investments into mobile and online financial technologies announced in August, 2014 new large deal. The fund invests in the Scorista.ru project – an online service for assessment of solvency of borrowers for microfinance institutions (IFIs). The amount of investments and the investor's share in the project is not disclosed. Analysts of fund estimate the cost of the young Russian project in the range from 3 to 4 million US dollars.

According to Life.SREDA fund, the tool will be demanded in the developing microfinance industry. First, needs of borrowers for the small credits of PDL and POS are not satisfied, and saturation of this market is incomparable less, than, for example, in the European countries and in the USA. Secondly, due to new state regulation in the industry conditions for development of healthy competition are created, the public status of IFI is raised. At the same time the strong stop factor remains - it is quality of the loan portfolios of IFI which continues to worsen. These trends demand more from IFI shows consideration for selection of borrowers and urge on demand for simple and effective scoring solutions.

Scorista and Cloud of IFI were integrated

The analytical agency "Scorista" and "Cloud of IFI" was announced in November, 2014 integration of the solutions in specialized service for microfinance institutions. Implementation in a solution package of Cloud of IFI of the high-quality tool according to borrowers developed by Skorista will allow microfinancial companies to adjust work on accounting, issue of loans and their timely return.

For effective work of IFI it is important to estimate competently borrowers and to reduce risks of a non-return of loans. The Cloud of IFI software product helps participants of microfinancial market to automate work process, to construct accounting of loans on a single platform. Expansion of set of these options at the expense of a unique method of the analysis of credit history of the borrower from Scorista will give the chance to these companies quickly and to qualitatively make the decision on issuance of credit to this or that borrower.

"Our main objective – to give to clients not only the accounting system, but also additional services. We consider that emergence in Cloud of IFI of an opportunity to receive credit solutions of Skorista will give the chance to increase the income of our clients due to adoption of the correct solutions to the borrower's priotsenka" – Pendurov Oleg, the author of the Cloud of IFI project notes.

Scorista will provide complex information on the borrower using service of File

The analytical agency "Scorista" announces start of the new service of File allowing credit institutions to receive the complex information on the borrower collected from different sources and databases.

Priority task for the Analytical agency "Scorista" is providing to credit institutions (and especially IFI) high-quality service according to borrowers. Having connected service of File, credit institutions will be able quickly to confirm the borrower's personality, to see his payment discipline and a debt load, participation in offenses and presence at stop-lists of banks, to obtain information on civil discipline and conflictness of the person. All information undergoes careful selection and testing.

The service of File includes confirmation of authenticity of the passport and a TIN, the analysis of databases on penalties and offenses, a profile in social nets, assessment of prestigiousness and real estate value in the area of residence and registrations, reliability of cell phone number and replenishment of balance. The cost of service is 156 rubles for one confirmation. It is possible to connect service via the web interface or API.

2015

Scorista received 12 million rubles from Life.SREDA venture fund and Fund of development of venture investments of the city of Moscow (Moscow Seed Fund)

According to the specifics of financing, Moscow Seed Fund provided to the project 8 million rubles in the form of a loan. Thus, Life.SREDA invested 4 million rubles in the project.

2016

Scorista provided service for owners of Big Data

Service is developed by a command of Scorista in cooperation with Crowley company for owners of Big Data. Service is intended for the companies having data bulks owing to the profile activity: SMS aggregators, payment systems, holders of credit stories (BKI) and RTB data (data on behavior of users on the Internet) and also aggregators of the balances collecting in one place information on customer accounts in different banks, e-wallets and providers of services.

Within partnership of Scorista, using the data provided to Crowley and one of IFI developed and successfully tested more than 300 units which can be used in predictive models for crediting. The created data aggregates can be used in the field of insurance, marketing efforts and other.