Tinkoff Bank started use of the scoring FICO Fraud Score model

Tinkoff Bank included since the beginning of 2015 in the system of making decision on issue of the retail credits the scoring Fraud Score model of the National Bureau of Credit Histories (NBCH). The model developed by FICO company, the world leader in the field of predictive analytics considers long-term international experience, specifics of the Russian retail lending and is intended for prevention of credit fraud. The approach to risk management of fraud offered NBKI and FICO proved the efficiency in the credit institutions practicing different credit strategy in the different markets. In all cases use of Fraud Score led to decrease in losses from fraudulent activity, to increase in efficiency of the risk management systems used by creditors and to revenue growth.

"Risk management is a priority of Tinkoff of Bank, and we aim to optimize this process constantly. Fraud Score integrally fits into risk management system of our bank, increases efficiency of business processes and contributes to the development of retail lending with minimum risks, - the vice president, the director of risks of Tinkoff of Bank Ivashkevich Evgeny comments. – Complex development of a system the risk management means formation of exclusively convenient, advantageous and competitive offers for our clients".

"Complex approach to credit risk management and the loan portfolio becomes for creditors a source of increase in efficiency of their activity in the market, - the CEO of NBKI Vikulin Alexander says. – Use of the maximum range of solutions offered NBKI to market participants allows to improve a financial result in the shortest possible time. We see that the number of banks which aim to use modern tools at all stages of credit activity grows".

"FICO Fraud Score is the unique scoring which does not have analogs in Russia. It is created especially for the Russian banks, and at its development local statistics and features of crediting of Russians were considered. Cooperation with Tinkoff by Bank proves that the FICO Fraud Score model becomes more and more demanded even the creditors who managed to create own effective systems risk management, - the director of scoring of FICO Koneva Elena notes. - Effectively to fight against fraud in a segment of retail lending, banks need to undertake measures and to implement tools on fight against it not only during the work with the existing customer base, but also at a stage of consideration of requests for the credits".