Scorecards Setup (Dashboard)
- Philip Awopetu
To enable swift and easy lending, merchants are finally able to set up an automated decisioning process based on pre-determined conditions that matter to your unique use case.
How do merchants benefit from this feature?
Merchants are able to:
Develop multiple rule-based conditions.
Analyse statements with pre-determined conditions and rules that automate the decision-making process.
Automatically filter applications that qualify based on the set rules.
Set up an affordability logic to reveal what their applicants are able to pay back.
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Important Terminologies
In creating the automated decisioning on your profile, here are a few terminologies to take note of:
Terminology | Description |
|---|---|
Scorecard | Allows the merchant to select variables of interest and create a set of rules to assess the customer's eligibility to take a loan. |
Affordability Logic | Based on the data provided in the bank statement, the affordability determines the optimal loan amount that the merchant can afford and the monthly based on the projected loan duration and the interest rate on the loan. The integration of affordability assessments enhances the effectiveness of the Scorecard feature, ensuring that loan recommendations are tailored to the merchant's financial situation and contribute to a more informed decision-making process. |