Pandemic has affected all countries, increasing the development speed of many companies which have only started to do business online. The emerging global situation caused many companies go online. As a classic example of financial institutions and the largest market players banks nevertheless are also entering online-lending market. Many experts believe that one of the key trends of the finance industry development in 2021 is bound to be the implementation of new risk-management solutions. We are glad to announce you that "Otkritie" Bank along with JuicyScore company have already achieved significant results in this area.

Partnership with JuicyScore

The collaboration of two companies started in 2019, when a pilot project was launched for online lending business. As a part of the project a range of hypothesis related to online applications risk reduction has been tested. The key goal of the research was to identify high-risk markers as well as various attributes and their combinations for score model improvement. In April 2020 product commercial use was started. There were 5 fraud prevention rules designed and implemented into the online process decision engine which allowed to identify a flow of applicants with a cost of risk 30% and higher, and, as a result, had positive impact to early indicators of fraud and credit risk in general.

According to Oksana Staroselskaya, vice-president, director of Retail risk analysis Department, Bank Otkritie, «the bank was looking for a partner who had a solution that worked in a banking sector, a solution that has already proven itself and would allow to identify high risk applications on the one hand and to improve flow metrics significantly as well as the efficiency and informativeness of decision making system on the other hand».

The bank is planning to expand the use of JuicyScore data utilizing more information for the models and for lending decision rules as more statistics is collected.


Founded in 2016 the company provides technological decisions for online-risk reduction for online business in 17 countries all over the globe and allows to implement a set of cut-off rules for high-risk applications with fraudulent activities markers. The decision also allows to configure the number of cut-off points towards high-risk applications with fraud markers and the score is provided in order to meet the client’s demands. The central feature of the solution is that borrowers’ personal data as well as their direct identifiers are not used for providing a score. Moreover, the company is compliant to the current and prospective legal regulation of personal data processing in all the countries of presence and is also compliant to browser policies and operation systems security policies. The company also has patents for device authentication technologies and data processing algorithms.

Otkritie Bank

The bank is included in the list of global systemically important banks approved by the Central Bank of the Russian Federation. Otkritie develops all the main business areas of a classical universal bank: corporate, investment, retail, SME and private banking. The subsidiary companies hold leading positions in financial market's key segments: insurance companies "Rosgosstrakh" and "Rosgosstrakh Life", "Otkritie Broker", asset management company "Otkritie", private pension fund "Otkritie", "Baltic leasing", "Open leasing", "Otkritie factoring", "RGS Bank", "Customs card". The bank's reliability is confirmed by the ratings of the Russian agencies ACRA ("АА (RU)"), Expert RA ("ruAA-") and NKR ("АA + .ru"), as well as by the international credit rating agency Moody's ("Ba2"). The bank's development strategy involves the increase of the speed and quality of customer service as well as the implementation of advanced fintech ideas.