The Yandex company, together with two large credit history bureaus, organized a new project, within the framework of which the assessment of borrowers of banking organizations is carried out. According to available data, more than 1000 indicators are taken into account in the analysis process. This was reported by two unnamed sources familiar with the matter, and a representative of the United Credit Bureau (UCB) confirmed the information. Yandex is implementing a similar project together with BKI Equifax.
The project that Yandex is implementing together with OKB is called βInternet Scoring Bureauβ. In the process of assessing the solvency of borrowers, companies βmixβ scoring, but do not have access to each otherβs data. Credit history bureaus have information about loans, requests for loans, payments of the borrower and his credit load. As for Yandex, the company has statistical data about users that is stored in anonymized form. Scoring is carried out on the basis of βanalytical featuresβ of Yandex, and then this assessment is added to the BKI scoring assessment. This approach allows you to derive an overall score, which will be provided to the bank. OKB says that this technique can be used to evaluate more than 95% of borrowers.
It is worth noting that Yandex does not disclose what data about users is the basis of the scoring model. βAnonymized data is processed automatically by algorithms and is located exclusively in the closed circuit of Yandex. Analytical models use more than 1000 different factors. Based on the results of the assessment, only one number is transmitted to the partner, which is the result of the assessment,β a Yandex representative commented on this issue. He also noted that the result obtained from the analysis of data from an IT company is not some kind of guide to action and does not affect the assessment given by BKI.
An informed source said that the credit bureau transmits user identifiers (mailbox address and mobile phone number) to Yandex in encrypted form. This data forms the basis of a model, the use of which allows us to assess the solvency of a particular client. During its work, Yandex cannot determine which client the request was for. In addition, the company does not transfer user data to third parties.
According to the General Director of the National Rating Agency, Alexey Bogomolov, the scoring assessment, even if it is derived on the basis of anonymized and aggregated data, allows banks to more accurately assess the solvency of clients. He also noted that the service organized by Yandex is currently being used in test mode by several banks.
Source: 3dnews.ru