Translated with AI from the Russian original.
The tool for microfinance organizations aims to improve the reliability of borrower assessment and reduce fraud risks. The product is included in the industry solution "T-Business for MFIs".
The new service analyzes the parameters of the bank card specified by the borrower for receiving funds. Based on this data, MFIs are able to identify the use of other people's cards, which is characteristic of fraudulent schemes, and verify the accuracy of data on the owners of newly issued cards.
T-Bank emphasized:
According to the latest official statement from the Bank of Russia, MFIs are now required to implement borrower verification mechanisms to improve assessment reliability when issuing loans.
An additional stage of transactional scoring verification improves the accuracy of credit risk assessment and reduces the likelihood of non-payments. The solution meets the requirements of the regulator and provides organizations with the opportunity to comply with the new directives of the Central Bank.
