Psychometric Credit Scoring Enables BETTER LENDING DECISIONS

EFL’s psychometric tool creates a deep quantitative understanding of individual risk and opportunity in small business (MSME) and consumer financing.

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EFL IS THE PROVEN LEADER IN PSYCHOMETRIC SCORING

Our technology powers lending in the world’s leading financial institutions and is validated by nearly 10 years of real-world loan performance across 27 countries and over 36 financial institutions and counting.

  • Understand Risk

    We help lenders better assess and manage individual default risk. Incorporating character, willingness, and ability to pay means building better quality, more profitable portfolios.

  • Increase Lending Opportunities

    We understand the challenges facing lenders in emerging markets. Enhancing your understanding of consumer and small business risk enables safe customer base growth.

  • Increase Efficiency

    We integrate into existing credit and scoring processes. Automating and streamlining the loan decision-making process generates significant time and cost savings.

See EFL’s Results

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  • Equifax (EFX) set out to determine if EFL could add value to its MSME scoring in one of their biggest markets in Latin America: Peru.
  • A 12 month, 800 borrower pilot was designed with a leading Peruvian financial institution.
  • EFL’s results enabled significantly increased predictive power in the MSME segment (see Exhibit A below)
  • EFL and EFX have since partnered regionally to offer the expanded credit scoring solution market-wide.
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EFL proved the ability to reduce default rate by 50%

* Default reduction refers to the impact of removing the bottom two quintiles of EFL scorers from the borrowing population

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  • GMG, a leading Peruvian electronics retailer targeting lower and middle income consumers, sought to expand its credit offering to the un-banked.
  • GMG engaged EFL in 2013 to improve analytics on customers without credit history, enabling new credit in a previously inaccessible market.
  • After 12 months using EFL’s psychometric credit scoring technology, GMG was able to grow its client base by 35% without any increase in default rates.
  • Encouraged by these results, GMG has expanded the use of the EFL tool to other markets in Central America, beginning with Guatemala.
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EFL enabled a 35% increase in approvals with no change in default rate

* Default reduction refers to the impact of removing the bottom two quintiles of EFL scorers from the borrowing population

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  • BTPN, Indonesia’s 4th largest MSME lender, engaged EFL to better leverage credit data analytics and streamline its credit screening processes.
  • EFL worked with BTPN to redesign its loan origination process around the EFL scoring tool, enabling faster decision-making and better resource allocation.
  • This process redesign resulted in a turnaround time reduction of 79%.
  • Encouraged by pilot results, BTPN decided to roll out the EFL-enabled process across its 600+ branch network.
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EFL enabled a 79% reduction in end-to-end turnaround time

* Default reduction refers to the impact of removing the bottom two quintiles of EFL scorers from the borrowing population

Our Reputation is Built on Results

EFL works for some of the world’s most respected lending and credit institutions.

Global Reach, Local Understanding

EFL is already working across four continents and 27 countries.


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