SmartDecision

The software package SmartDecision is a reference platform for creation on its basis of processes and rules of decision-making on the credits. The product has the rich functionality intended both for implementation of mathematical models, and for solving of tasks of business logic. A system consists of three separate modules which can work separately and together.

2016: Mail.Ru Group and Equifax announced joint predictive model of assessment of credit risks

During cooperation which began in February, 2016 experts of Mail.Ru Group in the field of data science together with analysts of BKI "Equifax" carried out the assessment of the market of retail lending and revealed high-risk segments which are avoided by the main players. As a result of joint work algorithms using methods of machine learning were developed and the high-precision system of assessment of solvency of borrowers is created.

Distinctive feature of a product – use of the information processing methods which were earlier not applied at the similar level in Russia. It allows to receive predictive model of assessment of credit risks, steady against external factors.

The effect for players of financial market consists in an opportunity to leave in new segments of crediting, to receive the minimum cost of risk, to raise Approval rate. The similar product, in addition to a business impact of certain players, has global influence on all banking market as its application in the medium term can lead to interest rates reduction due to control over one of the main components — risk cost. In particular the model will allow banks to identify qualitative borrowers among users who had problems with receiving the credits for the different reasons earlier (mismatch to parameters of bank, credit history and so forth), thereby increasing for banks lending market, and for clients – access to the credits and opportunities of interest rates reduction.