The system is a SaaS platform allowing the client to evaluate solvency and reliability of the potential borrowers using statistical methods of analysis of the historical and not nontraditional data sources such as social network profiles and others. It allows the client to upload his normalized and anonymized database of previous loans data, build mathematical models and calculate the credit score of the future potential borrowers entering their data through the system’s web interface.
The client is a startup company that is providing credit scoring services using non-traditional data sources to various financial organizations, Banks and Micro financial institutions in the first place. The client contacted Itexus looking for a technology partner to implement the core product and become a local services partner to them.
Key aspects of the development process: