Analyze, Score, Win!

Space is the first fully cloud-based daily banking in Georgia. The fintech-inspired initiative was taken from concept to launch in just eight months by digital pioneers at TBC Bank, the country’s largest banking group which covers about 40% of market in Georgian retail business. TBC shares are listed on the London Stock Exchange.

Our goal was to deliver a full daily banking service with superior customer experience. We put a special focus on differentiating by design, customer care, price transparency and instant service delivery. We are a fintech in every sense from people and processes to our culture. We are a lean and agile organization and we sought out partners with similar attributes. Wings is a company that meets these requirements. The company has implemented the decision-making scoring system Wings for us and integrated it with our Corezoid platform.

We use Wings as our cloud-based decision-making platform for loan underwriting process. The system is fast, reliable and user-friendly. Due to its high flexibility and rich functionality, it gave us an opportunity to manage underwriting processes for various products in several countries.

We highly appreciate the quality of services performed by our colleagues from Wings.

Headquartered in Switzerland, ZoodPay, managed by an experienced team of e-commerce and fintech professionals, is delivering “Swiss Quality” service to merchants and shoppers alike in the fast-growing e-commerce mobile markets across the Middle East and Central Asia, namely Uzbekistan, Kazakhstan, Iraq, Jordan, Kuwait, Lebanon, and Saudi Arabia.

We have implemented the Wings scoring platform for ZoodPay’s ‘Buy Now, Pay Later’ products as one of our risk management tools across all countries where we operate. The platform gives us an opportunity to enter new countries effortlessly and helps to manage credit risk from one place.

Wings is user-friendly and has a flexible IT architecture providing fast connections to external data sources, an ability to quickly adapt and change the risk strategy for our products.

Wings has a highly skilled team with huge experience in risk management. They continually consult us on various challenges we face in the countries we operate in.

In 2020-2021, Wings delivered and implemented the Wings decision-making system at Anorbank for retail lending products. The project consisted of developing a risk strategy and implementing the Wings decision-making system.

Initially, Wings carried out intensive training, therefore, from the beginning of the project our employees participated in implementation process.

The system works reliably and allows immediately to instantly make a decision on granting a loan using large amount of data. Thanks to the flexibility of the system, employees of the risk department can quickly change the logic of decision-making without the help of a supplier.
Wings promptly answers any questions of the bank and provides high-quality technical support.

We recommend Wings as a reliable and honest supplier of decision-making systems.

Transforming Retail

We are greatly satisfied with the quality of the services provided by Wings.

Thanks to the innovative software Wings™, we excluded human factor from the credit underwriting process. As the result the time of servicing the bank’s clients is significantly reduced, increased effectiveness of fraud prevention and decreased losses from credit risk.

Wings™ is integrated with the government databases and  services, instantly providing client’s credit history, current obligations and other available information, allowing client to present only one document and not wasting time collecting income statements and other documents.

Scoring for retail

To implement ambitious tasks for increasing high-quality retail loan portfolio, the Bank began cooperation with Wings in spring 2020.
During first stage of our cooperation, we implanted an automatic decision-making system Wings™ for car loan.
The key factor in choosing Wings™  for the Bank was its flexible IT architecture providing fast connections to external data sources, ability to quickly adapt and change the risk strategy and loan products.
A significant role in designing the risk strategy was played by the comprehensive support and experience of Wings.
Undoubtedly, the positive effect of the implementation of the Wings™ was:

• the automation of the loan underwriting processes;
• significant reduction of the loan underwriting time;
• Increase in the client flow

Partnership

Wings has been a partner of TBC Bank since the bank received a license in Uzbekistan in April 2020.

Currently, the Company provides software as a services Wings™ in credit underwriting process for scoring the Bank’s clients, and consulting services for assessing processes for vulnerability to fraudulent transactions.

We highly value the expertise and experience shared by our colleagues from Wings, and are pleased with our strategic partnership.