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| Unibank in Azerbaijan to automate lending processes with Experian's scoring models and Strategy Manager | |||||
Experian Decision Analytics has announced that Unibank, one of the leading banks in Azerbaijan is to implement the New Business SM (NBSM) decisioning technology and custom-tailored scorecards from Experian Decision Analytics to automate, maximise and control the bank’s customer decision processes. The scorecards and NBSM will enable Unibank to effectively evaluate the risks of cash loans and credit card applicants, make rapid decisions and accurately evaluate the potential value of each individual customer. The solutions from Experian Decision Analytics will enable Unibank to improve operational efficiency by replacing manual processes with automated technologies. As a result, the bank will considerably cut costs and improve the quality of its decisioning processes. The integration of application data with comprehensive records from external and in-house sources will ensure a clear understanding of loan and credit card applicants, leading to reduced referral rates and lower risk and future bad debts, while maximising revenues. Faig Huseynov, Chairman of the Executive Board at Unibank, said: “We have been following carefully Experian Decision Analytics’ development in the CIS markets. The company’s recent progress and successful deals across the region, along with its high reputation, have played a key role in helping us come to this decision. The value added of the products and services offered by Experian has proven to be the most attractive and competitive in the market. We are confident that the availability of automated scoring and risk management technology provided by Experian will help Unibank improve its overall effectiveness and maintain its leadership position in this competitive market.” Daniel Zelenski, Head of Experian Decision Analytics in Russia and CIS, said: “This new agreement with Unibank is a significant milestone on our way to further developing our business in the CIS and, particularly, in Azerbaijan. Today, Azeri retail banks are increasingly aggressive in acquiring new customers; the number of banking offices across the country has been skyrocketing, with the quality of banking services considerably improving. More Azeris hold credit cards than ever before, and are getting used to applying for loans to improve their living standards. In this environment, we are excited to demonstrate our commitment by contributing Experian Decision Analytics’ professional and technical support to help banking businesses in Azerbaijan develop in line with up-to-date international standards.”Contact us for further discussions about this article
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