Credit Scoring Services
PRO-ACTION possesses advanced know-how in Intelligent Credit Scoring Solutions.
Credit Scoring is applicable to any type of credit that can be granted to persons or corporations from a financial institution such as a Bank, an Insurance Company or an Investment Society.
Credit Scoring applies to the assessment of any type of credit applications, such as:
- Credit Cards
- Consumer Loans
- Corporate Loans
- Housing Loans
- Overdraft facilities
Moreover, it is applicable to several types of credit assessment, such as :
- Analysis of the creditworthiness of candidate clients, in order to make a positive or negative credit granting decision.
- Tracking for fraudulent users of credit cards.
- Periodical reestimation of the creditworthiness of existing clients when some data have changed over time.
- Screening for new important candidate clients, in order to perform a direct marketing approach that will be effective and efficient for the credit granting institution.
- Evaluation of a Company Viability
PRO-ACTION co-operates in developing and managing Credit Scoring solutions, using either its proprietary software tool DECISION FORCE or any other appropriate tools and methods available in the market for the same tasks.
The biggest benefit for using DECISION FORCE (or any other system with similar model structure) in order to construct and update credit scoring models, is that the scorecards are expressed as a set of rules. Unlike additive or more mathematically complex scorecards (e.g. Neural Nets), rules are easily understandable to managers, since they explicitly detect the profile of creditworthy and non-creditworthy customers.