Russian company Yandex announced the release of a new analytical product that will assess the creditworthiness of Russians. The new system has already entered the market and is being tested by several Russian banks at once, but the press service of Yandex said that analytical analysis does not yet affect the issuance of a loan.

Currently Yandex is working with OKB and Equifax, which are large credit bureaus. Cooperation is mutually beneficial, since Yandex has anonymous statistical data of users, and organizations have information about the credit burden of Russians. The analysis scheme is simple: the client's identity is identified by e-mail and phone number, then the data is encrypted and transferred to the aggregator for processing.

A new analytical tool from Yandex assesses the creditworthiness of customers, it is added to the scoring score, after which the final result goes directly to the bank. Yandex employees say that all data is confidential and is located exclusively in a closed company circuit, and data processing is carried out using automatic algorithms.

The press service of Yandex says - “Based on the results of the analysis, the partner receives only one number - the result of the assessment. This result is not a guide to action and does not affect the assessment provided by our partners in the framework of credit scoring. It is for guidance only and is provided for marketing use only. ”

It should be noted that the aggregator uses about a thousand factors in its analysis. Developers are silent on what exactly is meant by “factors”, because Yandex has an electronic wallet, browser, mail, taxi aggregator, job search service and many other services.

“Predictive models have long been an integral part of business from different areas: retail, logistics, finance and others. Most Internet companies provide such solutions. They help, for example, optimize marketing campaigns, reduce user churn, improve recommendation systems and reduce the risks of making a variety of decisions, ”Yandex noted.

Director General of the National Rating Agency Alexei Bogomolov said that based on new analytics that work with aggregated and impersonal data, the scoring score increases the ability of banks to assess potential borrowers.

Despite the fabulous forecasts from analysts, in mid-September the price of Bitcoin fell below the figure of 10,000 USD. If you analyze Bitcoin from September to August, the price is traded in the range of 9,500 USD to 11,000 USD, at the moment the price for Bitcoin is trading within 9 743 USD, however, in the last 5 days the price goes down. Unfortunately, the launch of the Bakkt platform did not affect the rate hike, the market is on the decline.

ICE (New York Stock Exchange) recorded a surprisingly low contracting rate for Bakkt. A total of 72 monthly contracts and 2 day contracts were signed, the sum for one contract was 1 Bitcoin. This indicates that investors consider investing in Bitcoin irrational and are waiting for a depreciation of the rate.

Well-known trader Anatoly Radchenko said - "there is a conspiracy theory that institutional investors, who operate large volumes in the regulated market of bitcoin futures, artificially understate the price. In November and December last year, CME had a spike in open positions when the price of Bitcoin fell below $4000. Accordingly, the launch of Bakkt will lead to a new wave of declines of several months before contract holders begin to close contracts."

And if Radchenko believes that the launch of Bakkt is a unique phenomenon and the market will soon feel it, then Dmitry Alexandrov (managing director of Ivolga Capital) holds a very different opinion.

Alexandrov says- "I believe that the cryptocurrency has already passed its highs and will not be able to return to them. Bitcoin is not a means of accumulation, it is still a means of calculation. While Bitcoin was a pioneer, it was the only way to meet the market demand for the currency of such a plan. Now every day there are new cryptocurrencies, which at least do not differ in nature from BTC, and as much as possible exceed it in their technical characteristics (such as the speed of confirmation of transactions)."