The Experian SME Network Score is a credit risk scorecard, developed to address the lack of rating models for thin file companies in Singapore. It provides a highly accurate measure of willingness to pay through predicting the likelihood of delaying payments beyond 60 days past due. Its strength lies in the innovative approach in combining traditional data and analytics with non-traditional data and machine learning methodologies, increasing both predictive power and coverage.
With the ability to be used as a standalone decisioning solution, the Experian SME Network Score is also complementary to existing Credit Payment Grade Scores and the DP Credit Rating.
Benefits of the Experian SME Network Score:
- Advanced Measure of Willingness to Pay for SMEs in Singapore - It complements the DP Score Ranges to enable a comprehensive evaluation of companies
- High Predictive Power - It has a strong ability to rank companies according to payment risk, with a high GINI for both thick and thin file companies.