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Banking – Credit Risk Scorecards for Underwriting:

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Key Challenge

 The challenge involved dealing with constantly changing underlying risk profiles due to the macroeconomic environment, requiring regular reviews of risk definitions.

Solution

Evolve AI Labs rebuilt credit scorecards for each lending product, ensuring validation across stability, discrimination, and calibration dimensions. Auto-decisioning cut-offs were recommended to the risk committee, enhancing approval rates without increasing risk thresholds.

Impact

The implementation of new scorecards halved decision-making time, improved acceptance rates by 20%, and achieved a 32% reduction in delinquency rates, indicating a healthier loan portfolio.

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