Effectively protect your company against payment defaults and fraud attempt
What is scoring?
Scoring involves assessing customer behavior to minimize the risk of fraud. Various data of customers are captured and analyzed to make predictions about their probable future behavior. In the case of credit scoring, for example, it’s about whether customers are likely to make payments on time. This is a way for companies to protect themselves against losses and for consumers to avoid accumulating excessive debt.
Statistical and mathematical algorithms are used to analyze the data.