4Score

4Score — the software solution constructed on the basis of targeted product models that increases accuracy scoring assessment.

As told in BKI "Equifax", scoring is optimal for operational forecasting of payments: crediting of potential clients in this case is made on the basis of information on payment behavior of borrowers. The scoring analysis based on statistical techniques allows to determine the level of solvency of the client and to precisely predict the probability of an exit of the client to delay on the horizon of 12 months. As result, the speed of consideration of requests for the credit increases.

The scoring model is a statistical model for the forecast of probability of hit of the client in category "good" / "bad" during Outcome period from the moment of issuance of credit where Outcome period is a time frame after issuance of credit during which the behavior of the borrower is determined by this credit. Product 4Score covers four such models, each of which is adapted and configured on different ranges of products.

Having carried out careful data analysis, highly-skilled employees of BKI "Equifax" will pick up the model having high rates key the statistician (KS, Gini, AUROC) and evident capability to separate "good" borrowers from "bad" that will tell about adequacy and efficiency of scoring model in the considered time frame.

Product 4Score is designed to help to optimize a rate on the credit, setting it depending on the product and a risk degree related to the specific borrower. According to BKI "Equifax", with its help it is possible:

• increase quality of the loan portfolio due to exact segmentation of the entering flow;
• increase decision-making speed for the account the express of assessment of credit history of the potential borrower;
• receive 4 models which qualitatively separate the entering flow at choice;

All models of bureau are monitored on a permanent basis that guarantees their stability and quality, emphasized in Equifax.