MALVERN, Penn. Akcelerant announced a new relationship with Scorelogix, a predictive analytics company, that will enable Akcelerant to sell its Insight Scores to credit unions and banks.
Akcelerant Insight Scores are available in three flavors: one score is designed to segment and target desired prospects, while another model is used for approval decisioning, and the third offering is meant to score the likelihood of delinquent account holders to pay back their debts, according to the companies.
The companies claim the services can score 100% of prospects, including applicants and accounts with thin files, among others.
“Because these scores differ from traditional bureau scores, uniquely factoring things such as an individual’s income level, stability of future income, and the impact of the economy on one’s ability to pay, the use of these scores provides significant lift to both approval rates and an organization’s bottom line,” said Suresh Annappindi, chief executive of Scorelogix.
Akcelerant, which counts more than 500 financial institutions in North America, sells software and services.
