Modern banks spend considerable resources to develop and maintain models or purchase them on a side from third party contractors.
The model creation process boils down to routine execution of the following repetitive activities:
With a permanent examination of the selected categories range adequacy
that would provide the needed classification accuracy along with stability within various time frames.
going back to the previous steps each time the model turns out to be not accurate enough
IntelScoring – a system that provides automation of the full model-building cycle, taking its efficiency and speed to a new level.
Full automation of all routine operations.
Reduces model development time from months to literally minutes.
Subjectivity avoidance due to effective optimization algorithms.
Andrey Matviychuk Founder & CEO at IntelSoft
"The idea of creating an intelligent automated model building system came to light during forecasting models development for a variety of customers.
The models development itself is an overly labor-intensive and time-consuming process, whether on a client or a consultancy side. This inspired us to bring out a solution that would automate all the routine and bring a vast efficiency improvement to the process overall."
Compared to models developed by dedicated experts as it conducts an intelligent search of incommensurably more factor combinations and variables categorization methods
Making models more adaptable to changing environments
In maintaining a large number of internal staff or consulting services
Along with full model building automation, IntelScoring enables analysts to intervene in the process at any stage (according to the bank’s corporate regulations and access level).
For example, a designated employee can build a number of models for different customer groups and loan products along with being able to: