X-Scoring

Main characteristics

The use of the system involves the following stages of checking the counterparty:

• assessment of the client’s economic solvency based on the information provided to them;
• automatic check on the data bank, aimed at checking the compliance of the information provided by the borrower and detecting possible fraud attempts by unscrupulous borrowers;
• detailed verification of the counterparty, whose application has passed all previous stages.

Unconditional and conditional stop factors can be used to assess the reliability of the borrower/counterparty or his guarantor. (These parameters are configurable).

Examples of possible unconditional stop factors:

• Presentation of a passport, the series and number of which is considered a lost document.
• Providing information that has obvious inconsistencies:
  • TIN does not comply with the rules of its formation;
  • upon checking in the security database, this TIN is missing or belongs to another person;
  • A person has more than 2 personal identification numbers.
• The person goes through the financial monitoring lists;
• Availability of reliable information about the dishonesty of the borrower/guarantor from other financial, trade or other institutions:
• • Unscrupulous borrowers;
  • Black sheets;
  • Lists of persons who have committed fraud in trading or manufacturing companies.
• The person is wanted.
• The person was brought to administrative responsibility more than three times.
• The person has repeatedly committed criminal offenses.
• The person committed criminal offenses with a selfish orientation.
• The person committed criminal offenses of a violent nature.
• Negative business reputation of a legal entity affiliated with the borrower, where the borrower/relative/guarantor is the manager or founder:
• • the company is bankrupt or is at the stage of bankruptcy,
  • the case of liquidation of the enterprise is considered in the commercial court;
  • the company goes through financial monitoring lists;
  • there is information about the company’s non-fulfillment of its contractual obligations, mentions in blacklists, etc.

Advantages

• Automatic checking of the counterparty for signs of bad faith.
• The average time of receiving an answer about the presence of the absence of stop factors is 3 seconds.
• Data banks of stop factors, which are constantly updated, with a total volume of more than 27 million records (as of 01.01.2016).
• The list of stop factors can be flexibly adjusted according to the client’s requirements.
• Applications to the scoring system are made using XML Web service technology, which ensures transparent integration with the customer’s system.
• Modules for connection directly from 1C accounting have been developed

The possible results of the system check are:

• • Yes (there is no information about the counterparty’s problems);
  • No (there are stop factors). In this case, detailed information confirming the borrower’s / counterparty’s problem is sent to the e-mail address of the responsible employee of the SB.

By separate request, it is possible to provide information on the average monthly index of the client’s solvency for previous years. (The index is measured in points and is equal to the average monthly income in hryvnias before taxes).