Credit Decisioning Engine

Take the best credit decisioning approach designed to suit your digital lending business

Credit Decisioning Engine ensures unparalleled credit scoring precision, high configurability, integrability, and adjustability to any business' operational processes.

Using the most advanced self-learning algorithms powered by proprietary AI and non-traditional scoring data, Credit Decisioning Engine offers the best credit decision-making experience possible. Applying Compassway decisioning solution guarantees the highest level of automation, accuracy, and speed of making credit decisions with virtually any credit product.

What makes Compassway offer special

  • 1.
    Forget about expensive third-party reports with pre-configured credit decisioning rules. Apply only the data relevant to you when working with Credit Decisioning Engine.
  • 2.
    The Decision Engine developed by Compassway becomes the single and sufficient source of opinion needed to ensure efficient credit data processing.
  • 3.
    Integrations allow you to access both external and internal data for your credit processing needs:
  • Background Checks;
  • Credit Bureau Data / Alternative Credit Information;
  • Third-party Scoring Tools;
  • External or In-house Software/Accounting Systems;
  • E-commerce Platforms;
  • Payment Data (bank statements, online shopping history, etc).
  • 4.
    Back-end users don’t have to submit client data repeatedly as the system automatically pulls information from different sources and workplaces into one place.

What Compassway came up with

Credit Decisioning Engine offers a scalable user-friendly digital lending solution. Our easy-to-understand interface allows you to create, test, and apply new user experience logic and decision strategies from the first day of use.
Customizable credit scoring models, up-to-date credit policies, business instructions, and relevant sources of data ensure an easy compliance experience.
Easy-to-track customizable loan statuses.
Apply both traditional and alternative credit scoring methods to improve your credit decisioning accuracy using the Champion/Challenger model and A/B testing.
Customer profiles are presented in a comprehensive and intuitive way.
Balanced scorecard consulting helps to evaluate your management performance based on your industry and country.

How you can benefit from Credit Decisioning Engine

Copyrighted self-learning algorithms and deep neural networks allow you to perform an advanced risk assessment and client evaluation.
Cutting-edge scoring models come with a set of pre-configured scorecards and credit decision-making rules. You can either use the pre-configured models or change them by setting your own business rules, verifications, monitoring procedures, calculations, and any other variables.
Support several types of credit products with different customer valuation parameters and logic.
Credit Decisioning Engine may function as a part of the aforementioned solution.
Easy-to-apply API Client management allows you to perform seamless third-party integrations with various solutions and information sources.
A unique lending management solution brought to you by Compassway
Credit Decisioning Engine capabilities allow it to process over 460 loan applications a second without affecting decisioning accuracy.

Robust digital lending solutions have been extensively tested in 50+ markets on 250+ credit products, involving 2500+ decision rules. Compassway has managed to bring an advanced globally recognized lending management solution that has proven its efficiency even when put under high pressure.

Easily integrate Compassway with different pre-configured software solutions at any point in your business lifecycle.
Create an adjustable softcoded solution that makes it possible to seamlessly introduce any changes in the future and save a lot of time and energy.
Seamlessly test and employ well-organized scoring models & decision strategies in a timely and efficient manner.
Minimize third-party reporting expenses by applying built-in AI-powered decision rules and scoring strategies.
Make fast and accurate credit decisions on every application and reach high business performance rates.
Bring underwriting, business, and operations teams together by introducing a single lending management solution that provides most relevant employee experience.
Adjustable product settings make introducing new changes easy, fast, and pain-free which saves a lot of trouble for your team.

WHAT
CUSTOMERS SAY

We used to have an older system that required more than a day to update or deploy a new risk model. In addition, credit decisions were slow. We estimated we were losing 15% of customers due to abandoned applications. For millennials, who are now a majority of our clients, responsiveness and convenience are key for lending services. We implemented an end-to-end digital lending platform offered by CompassWay and it allowed to significantly improve customer retention. Up-to-date risk models also mean lower defaults rate and improved profitability. The system is easy to work with in case we need to add new clients or product types. We also received excellent customer support from CompassWay team. Overall very satisfied with the upgrade decision.
Denis BobrovCFO of CreditUP
Denis Bobrov
Our key clients are SME firms that sell their products using social media platform such as Instagram and Facebook. They have magnitude of various products and various preferences in the lending options they would like to provide to their customers. Thus, we needed a powerful, yet flexible and simple system, which would allow quick onboarding of new clients and their products. CompassWay offered a solution that not only satisfied these criteria but also was intuitive and easy for the customers of our clients. That allowed to create a seamless shopping experience, as well as improve customers’ satisfaction and rate of completed sales. For our team, working with CompassWay was very easy. Since the system was highly customizable out of the box, we were up and running in just several weeks. We also benefitted from their business expertise and improved a weak link in our processes we did not know was a problem. Highly recommended company to work with.
Irina SenenkoHead of Customer Service at PIE CREDIT
Irina Senenko
Nowadays, the competition in online trading is stronger than ever. In order to outperform the rest and come out ahead, we needed to provide our customers with services that would keep them on the site. Many buyers came to our online store, but there was much less talk about sales. We reached out to the Compassway team for help because Compassway is in the business of developing and implementing advanced digital solutions, and they advised us to first consider implementing a product on credit or in installments. Indeed, most often the reason that buyers leave the site without making a purchase is banal: they do not have enough money. We listened to advice, and now every customer who enters our website and selects a product immediately sees the "buy on credit" button with a convenient loan calculator and BNPL option in the checkout. He understands that he can afford to buy now, and pay later and in installments. As a result, it was possible to increase profits and total sales by 30%, as the client now purchases a product of a higher price category, or increases the number of purchases.
Natalia BurkoHead of Business Development at Taksaexpress
Natalia Burko
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