Volksbank

“We could increase our servicable market by identifying previously non-eligible people as reliable debtors based on their bank statements.”

The procedure for obtaining a mortgage involves a tremendous amount of time (weeks to months), stress and paperwork, for both the bank and the customer. In order to improve competitiveness, the Volksbank has the ambition to discard the old way of doing things, moving forward with the initiative of “mortgage within one minute”. This required a whole new approach, leveraging sources of information which can be obtained autonomously as well as accurate risk prediction systems.