Decision 360: Open Finance for better lending decisions

在经济上被排除在外的人数创历史新高。根据Fair4All Finance的数据，1750万人无法获得负担得起的信贷。可负担信贷缺口达30亿英镑。由于个人面临高通胀和利率上升，无法获得负担得起的信贷变得更糟。NestEgg的数据显示，信用评分较低的人将高达40%的可自由支配支出用于高成本信贷，从而降低了他们支付优先账单的能力。英国金融市场行为监管局（FCA）估计，英国家庭每年的额外利息支出为20亿英镑。**支付高额利息使生活更加困难。为了维持收支平衡，人们借贷。这样的循环不断重复。**进一步排除**结果。此外，还有一群最近被排除在外的个人，他们的支出随着通货膨胀和抵押贷款利率而上升。遗留的贷款决策系统使贷款人难以做出快速和公平的决定。他们过于关注信用局的数据，而这些数据没有考虑到财务上被排除在外的人的需求。没有关于净值的观点，也没有关于申请人的财务状况是变好了还是变坏了的观点。如果一个申请人被拒绝了，他们也不会得到任何关于如何提高下次机会的信息。因此，**决策既不能充分反映借款人的实际情况，也不能充分反映贷款人的风险偏好。**为了确保全面了解贷款申请人，NestEgg将开发下一代软件（360号决定）。使用开放金融NestEgg的决策服务将提供：*对信用卡行为的洞察*资产和净值的详细信息*财务健康方向指标*对使用开放金融的借款人的提示和建议*机器学习，从长远来看改进决策算法。目前市场是数据孤立的。**该项目**加速了**我们将更多数据来源汇集在一起的能力，以**更准确地**申请人的**照片为基础，实现更公平、自动化的决策。负责任的贷款人使用Decision360将：*在六个月内增加30%的贷款*在2024年期间发放180,000笔新贷款*接受之前拒绝的贷款的20% *增加收入7.2亿英镑与使用高成本债权人相比，信用评分较差的借款人每年将节省6亿英镑。这些借款人中有75%将生活在英格兰和威尔士前20%最贫困的社区。

Record numbers of people are financially excluded. 17.5m people lack access to affordable credit according to Fair4All Finance. There's a shortfall in affordable credit of £3bn.Not having access to affordable credit has been made worse as individuals face high inflation and rising interest rates.NestEgg's data shows those people with lower credit scores use up to 40% of their discretionary spend on high cost credit, reducing their ability to pay **priority bills**. The Financial Conduct Authority (FCA) estimates extra interest **costs households £2bn every year.** Paying high interest makes it harder to afford to live. To make ends meet people borrow. The cycle repeats itself. **Further exclusion** results.Moreover, there's a group of **newly excluded** individuals who've seen expenses rise with inflation and mortgage rates.Legacy loan decisioning systems make it hard for lenders to make quick and fair decisions. They focus too much on Credit Bureau data which fails to take into account the needs of the financially excluded. There's no view of net worth or whether an applicant's financial health is getting better or worse. If an applicant is declined they're not provided with any information about how to improve their chances next time.As a result, **decisions aren't sufficiently aligned with the real circumstances of the borrower nor the risk appetite of the lender.**To ensure a comprehensive view of loan applicants, NestEgg will build a next generation version of its software (Decision 360). Using Open Finance NestEgg's decisioning service will provide:* Insight into credit card behaviours* Details of assets and net worth* Financial health direction indicators* Tips and advice to borrowers using open finance* Machine Learning, improving decisioning algorithms in the long-term.Currently the market is **data siloed.** This project **accelerates** our ability to bring more data sources _together_ for fairer, automated decisioning based on a **more accurate** picture of an applicant.Responsible lenders using Decision360 will:* Increase lending by 30% within six months* Make 180,000 _new_ loans during 2024* Accept 20% of previously declined loans* Increase revenue by £720mBorrowers with poor credit scores will have saved £600m per year compared to using a high cost creditor. 75% of these borrowers will live in the top 20% most deprived neighbourhoods in England and Wales.