Technologically advanced scoring system based on AI and neural networks
Industry: Lending
response time of the scoring engine while maintaining a high repayment rate
and 3 clicks – that’s all a user needs to complete the loan approval process
privacy – only essential data is processed thanks to anti-fraud protection
CLIENT
Meet Epeer
Epeer is an AI-powered peer-to-peer lending platform that provides fast access to funding, allowing users to get money in just 20 seconds.
CHALLENGE
Creating innovative credit scoring technology
The challenge was to develop and implement a scoring solution that, beyond BIK data, would include geolocation, user behavior in mobile apps and social media, while ensuring security through strict anti-fraud rules.
Find out how Epeer shortened the peer-to-peer loan approval process to just 20 seconds.
Multi-faceted Machine Learning solutions in a user-friendly format require the kind of experience Algolytics offers. The result of our cooperation? An innovative implementation in the financial sector that gave Epeer a significant market advantage: publicly available quality, speed, and reliability of lending services with minimized default risk.
SOLUTION
Technology combining Machine Learning, AI, and neural networks
An advanced Machine Learning platform was implemented to build real-time scoring models, AI algorithms for data standardization and geocoding, and artificial neural networks for rapid credit risk analysis.
RESULTS
Fast and convenient peer-to-peer loan approval process
The result of the collaboration between Algolytics and Epeer was the creation of an innovative scoring system that combines:
- Speed – credit decision in 0.1 seconds while maintaining a high repayment rate
- Convenience – loan available in just 20 seconds and 3 clicks
- Security – strict anti-fraud protections safeguard user data
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