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Bespoke Bureau Scorecard Build
A fast-growing motor finance business needed to strengthen their underwriting processes as the business grew
One of the elements of this was replacing a reliance on weak generic bureau scores with a bespoke business-specific model
Despite a strong risk team, additional specialist knowledge and analytical bandwidth were required
The Vestigo team worked closely with the risk team to deliver an effective new scorecard quickly and efficiently
The new model significantly outperformed the existing generic score, allowing more lending at better profits
Vestigo used their knowledge of UK bureau data coupled with machine learning algorithms to maximise the predictive power of this information
As part of the process, Vestigo coached the internal team, closing knowledge gaps, facilitating handover and ownership, and increasing capabilities for the future
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