The beginnings of the revolution in credit analysis

The file produced by Roland Berger in partnership with France Fintech has just been released and is rich in information on the evolution of credit in France, mainly consumer credit.

Here is the link to consult or download it: https://francefintech.org/wp-content/uploads/2022/06/LB_NouveauCredit_2022_FFTxRB.pdf

In summary, here are the main ones developments in the granting of credit. These developments are almost all driven by startups. La DSP2 having helped a lot as well.

1. ‍A more individualized credit scoring. This makes it possible to reach new customers who were previously excluded from the system, preferring individuals with permanent contracts or businesses with the usual ratios.‍
2. A customer experience drastically improved thanks to the web and UX innovations. Thus, a credit can be granted in a few minutes, by a robot. And for more complex cases that require human study, the process is also simplified.‍
3. The division of labor between: the distribution, granting, management and carrying of risk on the balance sheet. This specialization partly explains the two previous developments, but also requires rethinking regulation by the authorities.

Capsens has been developing digitalization tools in finance since 2013. In terms of online credit applications, we have in particular developed credit.fr, the platform on which VSEs and SMEs can submit their financing requests online (response in 48 hours, without personal guarantee).