Glossary entry
Credit decisioning
Automated evaluation of an application against policy and risk criteria to return approve/decline/refer outcomes.
Category
Lending technology
Definition
What it includes
- Eligibility checks and risk rules
- Serviceability and affordability calculations
- Bureau retrieval and scoring
- Verification outcomes (IDV, income, Open Banking, valuation)
- Audit trails and controlled overrides
Why it matters
Automated decisioning improves speed and consistency, while capturing the evidence required for regulated environments.
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