Today’s world is hectic. People are always in a hurry. That’s why clients value stability and security banks can give them. They expect that banking system is extremely fast, reliable and available on every device everywhere. These high expectations don’t intimidate the banking sector. On the contrary, it’s seen is a challenge that can be easier to take thanks to Hyperon.
Hyperon lets you maintain algorithms (as functions) and business rules (as parameters) outside hard code. Parameters can be reused in any given system. Hyperon can help you to segment client’s and personalize offers. Everything compliant to GDPR.
How to efficiently maintain credit score engine?
Algorithms calculating an individual's credit score might get complex. They can be based on hundreds of criteria and data points. On the other hand, the credit score algorithm should be regularly evaluated. Does the algorithm predict the probability of paying debt correctly? That's why it is important to easily update the scoring rules.
We have created proof of concept of the credit score engine in Hyperon. We established several decision tables and functions. Do you value credit mix more than credit history length? Just change its priority. Hyperon lets easily update parameters and functions in easy to use GUI.