Mid-2025, we’ll launch an updated scoring model for Belgium. After years of refining our credit scoring techniques, we’ve developed a more powerful and accurate AI-based methodology over the past year. This new approach offers unprecedented insights into our scores. We’re excited to walk you through the key changes.
New Score, Better Decisions
You might wonder why we’re launching a new score. In a constantly evolving business world, we aim to give our clients a competitive edge. Through ongoing innovation, we’ve combined the ideal elements to create our most powerful and reliable bankruptcy score yet. With an expansion from 2 to 21 scorecards, our system is more refined than ever, featuring an advanced 3-layer structure that delivers highly detailed risk assessments and early detection of elevated risks.
These insights provide not only greater certainty but also new opportunities: with our new bankruptcy score in Belgium, clients can achieve up to 25% more business. Higher acceptance rates, automated processes, and reduced risks empower clients to make faster, more confident credit decisions, backed by our most accurate and reliable predictions yet.
Artificial Intelligence
AI has become an integral part of daily life and plays a key role in our new scoring model. Our updated credit scoring combines traditional methods with AI technology for enhanced predictive performance. While many AI systems are complex and opaque, our robust, detailed system is fully transparent, explainable, and data-driven. With "Explainable AI" (xAI), users can see exactly how and why decisions are made, fostering accountability and trust. This approach aligns with European Commission guidelines in the AI Act. Read more about it in the blog below.
Interesting read: xAI for Tomorrow's Credit Scoring
What will I notice about the new score?
With the introduction of the updated scorecard in mid-2025, much will remain familiar: the interface and how you use and interpret the score won’t change. Additionally, no IT adjustments are required for integrated data solutions. However, risk profiles may shift, potentially impacting the distribution within your portfolio. As the launch approaches, we’ll keep you informed about these shifts and how we can support you through them.
Our renewed bankruptcy score sets a new standard in credit scoring: powerful, predictive, and fully transparent. Get ready for deeper insights and a solid foundation for growth-oriented decisions. Follow our updates to explore the possibilities.
