COREMETRIX worked alongside a lender to improve access to mainstream credit amongst underserved consumers.
We supported the lender’s primary objective of growing market share by increasing the acceptance rate for applicants without impacting the existing level of risk to the business.
Our team built a hybrid model combining the lender’s application score and the psychometrics score.
COREMETRIX’S solution identified a significant proportion of declined customers that were within the lender’s risk appetite.
Applying psychometrics data, the lender experienced an increase in access to its services without onboarding any additional risk with a 60% acceptance rate.