Since 2010, Tiresias has developed and currently operates a credit
bureau scoring system for individuals. The system was enhanced with
the processing of small and medium size enterprises beginning in
The bureau score, based on the financial behaviour of the borrowers
(from the records which are kept by Tiresias) aims at estimating
the probability of default in repaying current and future financial
obligations for the next twelve (12) months.
The scoring system is based on state-of-the-art statistical models
according to standards and parameters set by the banks as well as
internationally accepted best practices.
The statistical models are regularly monitored and reassessed in
order to adapt to the current economic conditions and changing business
practices. Thus, the high accuracy of the estimation and the performance
of the scoring algorithms is always sustained.