Alternative Credit Scoring

ML on traditional and alternative data (TrustDecision Credit Data Insight, licensed as ICS by OJK on 3 Apr 2025).

tabular

0named models

32candidates

6deployments

6in Indonesia

Named Models

The research names no model for this use case.

Where this comes from

Models the research names for this use case. Research, with sources on each model record.

Who Runs It

production, 6

PT Bank Jago TbkCountry: IndonesiaAI for retail credit portfolio assessment, a fraud detection system and an AI chatbot for basic questions (models not stated)Vendor: not statedproductionDate10 Sep 2026AI budget about Rp5 billion (about USD 350,000); no results statedEvidence: company statementConfidence: lowSource: bcasekuritas.co.id, bcasekuritas.co.id

PT Bank DKICountry: IndonesiaAI credit scoring, fraud and cybercrime detection, and customer conversation support (models not stated)Vendor: not statedproductionDate9 Sep 2024None statedEvidence: company statementConfidence: lowSource: selular.id

Amartha (PT Amartha Mikro Fintek)Country: IndonesiaMachine learning credit scoring on more than 800 variables (loan and payment history, digital channel use, demographics) for rural women micro-entrepreneurs, built with Accion; Ascore.ai credit decisioning offered to other lendersVendor: Amartha (in-house) with AccionproductionDate15 Sep 2022NPL kept below 0.5 percent (company claim, 2022). Eligible women-led microbusinesses more than tripled; approvals from 1 to 2 weeks to under 24 hours; 1.8 million active customers (Accion, December 2024)Evidence: company statementConfidence: lowSource: amartha.com, accion.org

Kredivo (FinAccel)Country: IndonesiaIn-house ML credit scoring with traditional and alternative dataVendor: In-houseproductionDate7 Jan 2021Over 500,000 users scored per monthEvidence: company statementConfidence: lowSource: keuangan.kontan.co.id

Bank Rakyat Indonesia (BRI)Country: IndonesiaBRIBrain AI and machine learning platform producing BRIScore and BRILink Score; also used for customer profiling for recommendations and transaction anomaly detectionVendor: BRI (in-house)productionDateNov 2020Ceria and Pinang digital loans from application to disbursement in about 10 minutes (BRI). December 2024: BRI confirms AI in credit scoring. January 2024: AI recommendation system raised conversion 60 percent and borrower acquisition quality 49 percent (company claims)Evidence: company statementConfidence: lowSource: ekonomi.republika.co.id, momsmoney.kontan.co.id, finance.detik.com

PT Kredit Biro Indonesia Jaya (KBIJ)Country: IndonesiaSKORKU three-digit credit score (470 to 710) from bureau data with machine learning, model built by OneConnect Financial TechnologyVendor: OneConnect Financial TechnologyproductionDate1 Apr 2020Potential approval rate up 20 to 60 percent and bad rate down 10 to 40 percent (vendor claim)Evidence: company statementConfidence: lowSource: investasi.kontan.co.id

Where this comes from

Documented uses by named organisations. The evidence column says who made the claim.

Candidate Models

TabArena: All Tasks, no imputation, snapshot 2026-05-06, 59 entries

A general benchmark for this model class, not a test on this use case. Elo across tabular tasks, anchored RandomForest default = 1000; TabPFN-lab researchers are involved. Higher is better. Elo has no zero, so the axis starts at 1,200. Showing 10 of 13.

AutoGluon 1.5Amazon maintainer-run1,700

TabPFN-2.6Prior Labs maintainer-run1,626

RealTabPFN-2.5Prior Labs maintainer-run1,604

TabICL v2INRIA maintainer-run1,598

RealMLPINRIA maintainer-run1,514

TabDPTLayer 6 AI maintainer-run1,460

TabMYandex maintainer-run1,448

LightGBMMicrosoft AI maintainer-run1,435

CatBoostYandex maintainer-run1,418

XGBoostDMLC community maintainer-run1,376

1,2001,5001,800

XGBoostDMLC community, tabularReleasedAug 2026open weightshas scoreslast 18 months

LightGBMMicrosoft AI, tabularReleasedJul 2026open weightshas scoreslast 18 months

TabPFN-2.6Prior Labs, tabularReleasedMar 2026open weightshas scoreslast 18 months

CatBoostYandex, tabularReleasedFeb 2026open weightshas scoreslast 18 months

AutoGluon 1.5Amazon, tabularReleased2026open weightshas scoreslast 18 months

TabICL v2INRIA, tabularReleased2026open weightshas scoreslast 18 months

RealTabPFN-2.5Prior Labs, tabularReleasedNov 2025open weightshas scoreslast 18 months

SAP-RPT-OSS (sap-rpt-1-oss)SAP, tabularReleasedJun 2025open weightshas scoreslast 18 months

TabDPTLayer 6 AI, tabularReleased2024open weightshas scores

TabPFN-3.5Prior Labs, tabularReleasedSep 2026last 18 months

Showing 10 of 32. All models of this class

Where this comes from

Derived, not researched: models in the directory whose class matches a class this use case uses, excluding family records and models shut down or deprecated. Ranked by how many fit facts they meet, then by release date. Each fit fact is read from the model record.

Use Case

Industry: finance and insurance
Model classes: tabular
Benchmarks or datasets: not in the notes
Regulatory notes: OJK innovative credit scoring (ICS) licensing.
Surat Edaran Menkominfo 9/2023 Etika Kecerdasan Artifisial, Kementerian Komunikasi dan Informatika (now Kementerian Komunikasi dan Digital)Alternative credit scoring is an AI-based service run by an electronic system operator, and the circular asks such operators to build and use AI on the values of inclusivity, transparency, humanity and security.
UU 27/2022 Pelindungan Data Pribadi, DPR and President of the Republic of Indonesia (administered by Kementerian Komunikasi dan Digital)Alternative credit scoring processes personal and financial data of customers, which the law treats as a specific category of personal data, so the controller needs a lawful basis, must protect the data and must honour data subject rights.
Tata Kelola Kecerdasan Artifisial Perbankan Indonesia (2025 guideline), Otoritas Jasa Keuangan (OJK)Alternative credit scoring is an AI use in banking, which OJK's AI governance guideline covers across the AI life cycle, including bias, explainability and cyber risk.
Panduan Kode Etik Kecerdasan Buatan yang Bertanggung Jawab dan Terpercaya di Industri Teknologi Finansial (2023), Otoritas Jasa Keuangan (OJK) with the fintech associationsAlternative credit scoring is also offered by fintech providers, for whom OJK's AI code of ethics sets principles of being beneficial, fair and accountable, transparent and explainable, and robust and secure.
POJK 29/2024 Pemeringkat Kredit Alternatif, Otoritas Jasa Keuangan (OJK)Alternative credit scoring uses data other than credit history to describe a consumer's eligibility, which is the activity this regulation defines as alternative credit scoring.
POJK 22/2023 Pelindungan Konsumen dan Masyarakat di Sektor Jasa Keuangan, Otoritas Jasa Keuangan (OJK)Alternative credit scoring deals directly with financial consumers, so the provider's duties on fair treatment, clear information, data protection and complaint handling apply.
EU AI Act, Regulation (EU) 2024/1689 (international), European UnionAlternative credit scoring decides access to an essential private service; the EU AI Act gives credit scoring as an example of a high-risk use, relevant when the system is offered in the EU market.

Where this comes from

From the industry tracks T08 to T10 of the research notes.

R&D Topics

Links to R&D topics are awaiting review.

Where this comes from

Which R&D topics would most change this use case. Drafted by Claude from the topic definitions and the use case; proposed until approved.

Incidents

Apple Card's Credit Assessment Algorithm Allegedly Discriminated against WomenUnited States, 2019-11-11, discriminationApple Card's credit assessment algorithm was reported by Goldman-Sachs customers to have shown gender bias, in which men received significantly higher credit limits than women with equal credit qualifications.
Schufa Credit Scoring in Germany Reported for Unreliable and Imbalanced ScoresGermany, 2018-11-28, discriminationCreditworthiness Schufa scores in Germany reportedly privileged older and female consumers, and people who changed addresses less frequently, and were unreliable depending on scoring version.
Navy Federal Credit Union Faces Allegations of Racial Bias in Mortgage Approvals2023-12-14, discriminationNavy Federal Credit Union, serving military members and veterans, faced allegations of racial bias in its mortgage approval process, which relies on automated underwriting technology.

Where this comes from

Documented failures, harms or misuse in this kind of use, Indonesia first, then the region, then well-known cases elsewhere (AI Incident Database, OECD AI incidents monitor, reputable news). Not a claim about any deployment listed here.

In Neighbouring Countries

UnionBank of the Philippines (with FinScore)Philippines, contract signed, 2021-01-14FinScore telco-data alternative credit scoring for online lending

Where this comes from

Documented deployments of this use case in Malaysia, Singapore, Thailand, Vietnam and the Philippines, each with its source.

Opportunities

Opportunities are awaiting review.

Where this comes from

Gaps found by rule in what the directory holds for this use case. Each is a proposal for review.

Links

IndustryFinance29 use cases, 46 deployments

Use CaseAlternative Credit ScoringFinance

Modelsnone recorded

Who Runs ItPT Bank Jago TbkIn production, 10 Sep 2026 PT Bank DKIIn production, 9 Sep 2024

Amartha (PT Amartha Mikro Fintek)In production, 15 Sep 2022

Kredivo (FinAccel)In production, 7 Jan 2021+2 more

Graph

Deployments 6

Amartha (PT Amartha Mikro Fintek)Machine learning credit scoring on more than 800 variables (loan and payment history, digital channel use, demographics) for rural women micro-entrepreneurs, built with Accion; Ascore.ai credit decisioning offered to other lenders, Indonesia Bank Rakyat Indonesia (BRI)BRIBrain AI and machine learning platform producing BRIScore and BRILink Score; also used for customer profiling for recommendations and transaction anomaly detection, Indonesia Kredivo (FinAccel)In-house ML credit scoring with traditional and alternative data, Indonesia PT Bank DKIAI credit scoring, fraud and cybercrime detection, and customer conversation support (models not stated), Indonesia PT Bank Jago TbkAI for retail credit portfolio assessment, a fraud detection system and an AI chatbot for basic questions (models not stated), Indonesia PT Kredit Biro Indonesia Jaya (KBIJ)SKORKU three-digit credit score (470 to 710) from bureau data with machine learning, model built by OneConnect Financial Technology, Indonesia

Sources

trustdecision.com/news/officially-licensed-as-ics-in-indonesia-... https://trustdecision.com/news/officially-licensed-as-ics-in-indonesia-by-ojk
Jaga kualitas pinjaman, credit scoring Kredivo analisa 500.000 pengguna per bulan keuangan.kontan.co.id https://keuangan.kontan.co.id/news/jaga-kualitas-pinjaman-credit-scoring-kredivo-analisa-500000-pengguna-per-bulan

To cite this page: Project AURION, AI Use-Cases Research & Innovation, "Alternative Credit Scoring", https://aurion.semai.id/usecases/fin-credit-scoring/, records of October 2026.