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Database » Finance & Insurance » Increase the amount of people borrowing without increasing risk

Increase the amount of people borrowing without increasing risk

Database » Finance & Insurance » Increase the amount of people borrowing without increasing risk

Increase the amount of people borrowing without increasing risk

A collaboration between Prestige Financial and Zest resulted in a solution, where the Zest management model was able to identify approximately 2,700 unique borrower traits by which it could determine which borrowers are too risky to do business with. The implementation brought with it a 33% reduction in credit losses.

Companies involved:
Prestige Financial, Zest
Link to reference
Business Value
Better Decisions
,
Reduce Cost

Applications

Automation

Methods

Advanced Statistical Models Neural Network
Finance & Insurance

Industries

Finance & Insurance
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