Credit Scorecard Explainability

From Open Risk Manual


Credit Scorecard Explainability refers to the ability of explaining / interpreting the results of an Automated Credit Decision Process that is using a Credit Scorecard. The requirements of explainability may be entrenched in law, or be necessary business requirements to satisfy internal management accountability or interaction with clients


Explainability may refer to a number :

  • the reasonableness and motivation the overall outcome of the scorecard
  • the role of individual model elements, e.g. characteristics (weight, sensitivity)
  • the role of Risk Data in influencing the model outcome
  • the role of any other aspects (e.g. calibrations)