What is Decision tree?
Technology
A decision tree is the visual representation of a credit policy as a sequence of conditions (if/then) leading to an outcome. In a no-code engine it is built by dragging blocks, which lets business and risk teams design and read the logic without writing code.
Related terms
Decision engine
A decision engine is software that automates credit application assessment by applying business rules, scoring models and external data to return a decision — approve, decline or refer — in milliseconds. Unlike custom-built code, it lets the risk team configure and change policies without engineering involvement.
Policy versioning
Policy versioning is the practice of storing every change to a credit policy as an identifiable version — with author, date and reason — and being able to tell which one was live at any point in time. It makes policies comparable, revertible and auditable without ambiguity.
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