Pefindo Credit Bureau Releases "IdTelcoScore", Credit Score Analysis from XL Axiata Cellular Numbers

Pefindo Credit Bureau releases product alternative scoring The latest non-credit data-based "IdTelcoScore" utilizes the cellular number of XL Axiata users to analyze the creditworthiness of debtors. Cellular telecommunications data is considered to be one of the important alternative data because it grows significantly and is massive in number.

In the launch which was carried out online On this day (18/8), President Director of Pefindo Credit Bureau Yohanes Arts Abimanyu explained, using IdTelcoScore will help and facilitate financial institutions to analyze credit applications for prospective debtors with no or minimal credit history as a basis for making decisions.

“As a manifestation of our mission to increase financial inclusion, especially access to finance for people who are still underserved and unbanked, where the potential there is still very large. It can be helped through telko data which has a wide coverage," he said.

Pefindo Credit Bureau built this product from the results of algorithm calculations score modeling by using various data variables and indicators that produce predictive information on the character and ability to fulfill debtor's obligations in the future.

IdTelcoScore leverages analytics big data from the use of telecommunications company services. Whether it's subscription data (subscription), data usage (usage), and billing & payments (billing & payment). These data will be mated with available credit data so that it can measure a person's ability to pay his obligations in the future.

“According to the results modeling Telco Score that the results of KS and Gini Ratio are very good, it can be concluded that the telco model provides quite predictive results and is suitable for adjusting 'risk appetite' each financial institution.”

Yohanes also ensured that all cellular number data accessed through IdTelcoScore will not leave the operator company's system. What comes out of the system is just a calculation telco scoresonly. "We always prioritize data protection and security by using information security standards."

According to him, in the midst of a pandemic, financial institutions must optimally utilize all types of data, both credit and non-credit to obtain a complete, accurate and predictive picture of the character and risk profile of the debtor. The goal is to ensure that the credit portfolio and NPL level can be maintained properly.

Other institutional big data sources

In the future, Pefindo Credit Bureau will continue to increase cooperation with the owner company big data others will make the data source richer. Not only with XL Axiata, but other telecommunication operators are also being targeted.

Yohanes said that currently there are plans for collaboration or exploration with companies that manage other big data such as data utilities and E-commerce. "Sorry, I can't say the name of the company. For social media, we haven't used it as alternative data so far."

In its journey to develop alternative scoring data, Pefindo has collaborated with many non-technology companies such as DGT for tax identity data, APPI for write-off status, Taspen, and BPJS Ketenagakerjaan. All of these companies have big data which can serve as alternative data to analyze the creditworthiness of the debtor.

Currently, Pefindo Credit Bureau has more than 300 corporate users who come from various financial institutions, fintech, to non-financial.