VSoft Scoring - scoring models in risk assessment and management
Advantages of implementing the VSoft Scoring system
VSoft Scoring provides support for the optimisation of risk assessment models through mechanisms of the mass calculation of scoring models. It is possible thanks to data stored in the system (simulations, calibrations, verification of model effectiveness).
By continuously monitoring the data, the system provides a consistent and objective way of assessing credit applications and accelerates the approval or rejection stage. Customer service time is thus minimised.
Additional advantages of VSoft Scoring include:
- standardisation and improvement of the quality of risk assessment processes through assessment methods tailored to the relevant types of clients.
- support of external and internal databases. Customer assessment can be supported by data from internal and external systems. Extending the system with VSoft Connectors ensures smooth communication with a number of additional information databases, e.g. BIK KI, BIK PAF KI, Kontomatik.
- independent development of assessment models and report templates through built-in versioning mechanisms and the ability to handle multiple scoring models and report templates simultaneously.
Scoring models handled
The system offers ready-made business templates in application handling, which can be adapted or built anew according to customer requirements. The assessment then takes into account the participants of the application as well as the application itself. Application is made in the context of assessing financial and social status. This could include, for example, data on gender, age, education , earnings.
Communication with external databases
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Applications of VSoft Scoring
Explore a solution to streamline creditworthiness assessment
Credit risk assessment in a bank
Bank scoring systems are used to assess the creditworthiness of a person or company. VSoft Scoring uses a combination of financial data, credit history and other information to assign a score or rating to the borrower. Automatic verification significantly accelerates the process and reduces customer service time. Based on the result, a bank employee determines whether to grant credit or reject the application.
Our solution also enables the application of different scoring models for various types of loans, such as mortgages, cash loans, limits or credit cards.
If necessary, the solution can be extended with additional modules, e.g. mechanisms for cyclical monitoring of assigned scoring. In this way, the system always presents an up-to-date situation and assessment that can be used, for instance, in CRM campaigns.
Credit systems and central systems in banks
Open banking brings new opportunities for non-financial sector businesses
Comprehensive Credit Risk Assessment
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