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Solutions > Credit Scoring
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Scorto Credit Scoring Solution
Market Challenge
Today, retail and SME lending institutions have no shortage of challenges. Market dynamics shift. Borrower demand fluctuates. Increased competition for “grey zone” lenders is straining once-successful business models to their breaking points.
Today’s antiquated systems do not provide enough accuracy to meet lenders’ revenue expectations. Yet most new generation systems are too expensive and excessively complicated. Neither case is optimal and either may strengthen a competitors’ market hold. Not to mention, of course, that many institutions are also concerned that the changes, costs, and processes inherent to the Basel II implementation may lead to asymmetries between large and small banking institutions.
At Scorto, we continually follow developments in the lending industry and analyze rising trends to forecast future requirements for credit scoring systems, the specifics of the markets in which they will be deployed, and the economic motivations that drive customer demand. Today’s shifting market dynamics have led us to the need for scoring software that won’t be geared exclusively toward major credit institutions. That is why our solution will be a highly attractive proposition and a golden opportunity for a large number of smaller banks and companies.
Driving Clients’ Success
Scorto™ offers a premium-quality, end-to-end credit scoring solution for consumer and SME lending that can be effectively used for Application, Collection and Behavioral scoring and Fraud Detection. Our solution can be used by credit organizations both inside and outside the banking sector. This includes banks, automotive manufacturer finance divisions, consumer lending companies and other organizations. The main advantages and key quality features of the Scroto solution are as follows:
- End-to-end solution, specifically designed to fulfill lenders’ credit scoring needs. Replacing guesswork with science across the credit life cycle and automating decision making.
- Modular design. Open architecture and modular design makes the the Scorto™ solution a custom fit for the customer’s business needs.
- Easy integration and access to production data sources. Transparent implementation of powerful scoring functionality fits seamlessly into the infrastructure of a credit organization.
- Enhanced portfolio segmentation and improvement. Scorto aligns the client portfolio with the bank’s risk tolerance, enabling bad debt control and streamlining account management and application scoring processes.
- In-house scoring model development. The Scorto™ solution enables quick and efficient development, validation, and deployment of credit scoring models using the broadest possible range of modeling techniques. These include expert modeling, linear and logistic regression, decision trees, and neural networks Scoring model development and portfolio management modules provide a user-friendly GUI and a comprehensive set of testing and reporting functionality.
- Flexible, wizard-based business rules management. The Solution includes a rules management module that allows increased productivity for rules’ development and modification through shortened development and deployment cycles, which improves.
- the speed, accuracy and consistency of decision-making.
- Powerful decision-making. Scoring models and strategies are executed by the Scorto™ solution scoring engine – it’s fully scalable, features an open-architecture, and capable of processing more than 250 transactions per second.
- Cosistent control over the business process. Efficient and powerful reporting and tracking capabilities support both operational and financial management objectives, allowing complete control over business processes on every level of the organization, from an individual customer or account to the entire portfolio.
- Affordability. Advanced technology is made available to mainstream banking institutions and credit organizations.
- Free upgrades and no annual license fees. The acquisition policy of the Scorto™ solution takes into account the ever growing business needs of its customers. The solution is committed to retaining customers and creating customer loyalty.
- Expert consulting services. A unique combination of cutting-edge technology and expert consulting services helps increase bottom line results and enhance operational excellence.
- Regulatory compliance. Fully Basel II compliant.
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Configurations:
Scorto™ Credit Decision Scoring Model Development Application, stand- alone
For quick-fixes of all mission-critical processes of in-house scoring model development, there is Scorto™ Credit Decision – a credit scoring, model development and portfolio analysis application. This user-friendly solution provides complete model development functionality in a single software package.
Packaged Configuration of Scorto™ Credit Scoring Solution
The minimum configuration of the Solution provides full functionality for the development of credit scoring models and their deployment. It includes Scorto™ Credit Decision, Scorto™ Quest Logic, and Scorto™ Patron. This configuration requires minimum adjustment of the lending organization IT-infrastructure and could be further reduced to the Quest Logic decision server alone, if the customer is already using scoring models, provided by another vendor.
Complete Configuration of Scorto™ Credit Scoring Solution
The complete configuration of Scorto™ Credit Scoring Solution consists of the Scorto™ Quest Logic decision server, the Scorto™ Strategy Maven strategy development application, the Scorto™ Supervisor reporting module, and the Scorto™ Credit Decision model builder. If collection scoring or front-office functionality is required, the AmpleCollection and Scorto™ Dimension applications, respectively, are added to this configuration.
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