SYSTEM, METHOD, AND APPARATUS FOR SCORING AND DEPOSITING SHORT TERM CREDIT

摘要

Systems, methods, apparatuses, and computer program products for providing a short term credit line are provided. One method includes receiving an application form comprising banking credentials of an applicant and retrieving, based on the banking credentials, a current balance and a certain number of transactions for the applicant from a database. The method further includes categorizing the transactions into a plurality of categories by searching the transactions for keywords, performing an affordability assessment to reject the applicants that cannot afford to repay in a sustainable manner, and, when the applicant passes the affordability assessment, performing a scorecard decision to assign a score to the customer and categorizing the applicant according to the score. The method may further include finally accepting or rejecting the application based on their score categorization.

主权项

1. A method, comprising:
receiving an application form comprising banking credentials of an applicant; retrieving, based on the banking credentials, a current balance and a certain number of transactions for the applicant from a database; categorizing the transactions into a plurality of categories by searching the transactions for keywords; performing an affordability assessment to reject the applicants that cannot afford to repay in a sustainable manner; when the applicant passes the affordability assessment, performing a scorecard decision to assign a score to the customer and categorizing the applicant according to the score; and finally accepting or rejecting the application based on their score categorization.