Payment Score

Overview

The Payment Score product allows you to identify risky behavior for short credits. After transmitting the list of accounts and transactions of a user, Payment Score establishes the probability of default of this user and attributes a score from 1 to 10 (where 1 is the most risky and 10 is the least risky).

Requirements

The Payment Score is calculated when at least one current account is aggregated. The transactions considered in the Payment Score must not be older than 90 days. Any transactions older than 90 days prior to the aggregation will be disregarded.

How it works

The default definition is an unpaid payment within 3 months after processing. To evaluate the probability, the score leverages features like the account balance evolution, inflow regularity or the use of an overdraft.

Test it

In order to test the Payment Score, Algoan exposes REST APIs.

To generate a Payment Score analysis based on the Open Banking data, follow instructions on the Get Started with our Console section and select the "Payment Score" product.

Result

The Payment Score result can be retrieved using the get /scores endpoint:

{

  "paymentScore": {

    "version": "1.0.0",

    "value": 5

  }

}