Spain

Consumer Loans

Goal:

Increase the approval rate of online consumer loans and decrease bad rate

Products Used:

CredoWeb

The choice of 150+ financial companies, banks and fintech unicorns

*partners

The Challenge

Target Variable: 30+ DPD 6MOB

Maintain a similar or lower bad rate on online consumer loans while increasing the approval rate.

Solution

Embedded CredoWeb into the bank’s website-based loan application form

Android SDK

iOS SDK

CredoWeb

The Results

The objective was to approve more online consumer loans and reduce the bad rate. With the help of our CredoSDK, the bank achieved the goal and developed a model with a GINI uplift of 0.12. The total increase in results was up to 41.38% which helped our client to significantly increase the approval rate with a simultaneous reduction in bad rate due to higher GINI.

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41.38%

GINI (Total Population)

Small paragraph here giving further info regarding statement above.

-18.76%

Bad Rate

The bad rate was reduced by 18.76%.

46.67%

GINI (Approved Population)

Approved population increased by 46.67%.

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