Are traditional credit assessment methods holding you back? Unlock the power of alternate data for more accurate and comprehensive credit risk assessment.
Don’t limit your effectiveness with traditional credit scoring models
Limited view of a borrower’s financial behavior and creditworthiness with credit scores and payment histories. They don’t capture income volatility, employment history, or alternative credit sources thus don’t provide the complete picture.
Struggle to predict credit risk accurately, especially during economic downturns. These models often rely on historical data and may not adequately account for shifts in the economic landscape or changes in consumer behavior.
The process of collecting, verifying, and updating data for traditional risk assessments can be time-consuming. As a result, the information used to assess credit risk may become outdated by the time a decision is made.
Embrace the power of alternate data and elevate your decision-making process today
This is the most acceptable data for determining the consumers’ capacity to repay a loan and to establish their credentials. Though this is established and historical information on the credit file, it can be further used for a better insight on consumers by deriving predictive summary variables.
Insights from these data points can be determined from monthly spending patterns, consistent behavior, and financial discipline. The use of this information can also be combined with other data points to determine the identity and the intent of consumers.
Use of information from social media and the web or account of digital presence. This information, in combination with financial and utility spending data can provide a deep insight into consumer behavior. Our cutting-edge solution leverages advanced analytics and AI to provide you with a deeper understanding of your customer’s creditworthiness.
All things Onboarding, Authentication and Verification
We’d love to show you how AuthBridge can help your business. Fill out the form and we’ll be in touch within 24 hours.