Teiresias SA has developed and currently operates a credit bureau scoring system which was initiated at 2010 for physical persons and was expanded to include small and medium size enterprises from the beginning of 2012.

The bureau score based on the financial behavior of the borrowers (from the records which Teiresias keeps) aims to estimate the probability of default in repaying current and future undertaken 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 current economic conditions as well as changing business practices. Thus, the high accuracy of the estimation and the performance of the scoring algorithms is sustained.