MKTplace-data type: Alternative Credit Risk

Valid-Systems

Written by Allison Karavos on November 4, 2024. Posted in Partners, Uncategorized. No Comments on Valid-Systems

Partner

VALID Systems

VALID Systems is an AI-powered account risk and transaction decisioning company

Key Benefits

Robust data consortium with over $6T check transacation activity and 450M account all while recency is maintained at 60%. Risk analytics play a crucial role in enhancing risk management within banks by leveraging advanced data analytics techniques. Banks utilize these analytics to assess various types of risks, including credit, market, and operational risks.
Advanced fraud detection and mitigation solutions safeguard businesses against financial crimes, ensuring secure transactions and protecting customer trust. Behavioral analytics and anomaly detection play a crucial role in enhancing cybersecurity for banks. By continuously monitoring user behavior and identifying deviations from established patterns, banks can proactively address potential security threats.

“VALID Systems has been an outstanding partner. From inception stage to post-production, the team has been incredibly attentive, accommodating, and dependable. The passion for their solutions shines through, making it a pleasure to work with them. With VALID’s help we have been able to expand our services, delivering improved experiences to our clients.”

MEGAN DUNN – PRODUCT MANAGER, KEYBANK

Best-in-class fraud detection and loss reduction

Valid has 7 of the top 25 FIs using its best-in-class fraud detection and loss reduction tools. Valid can partner with you in every step of the way to transform risk into better customer experience.

VALID Systems is an AI powered account risk and transaction decisioning company. We remove the friction caused by fraud to deliver liquidity solutions for the largest FI’s in the nation.

From check risk and deposit acceleration, to increasing loan funding rates and small dollar lending, we are your risk partner for enabling customer liquidity needs.

Resources

About VALID Systems

Services

Use cases:

Fraud Monitoring & Detection

Fraud monitoring and detection in banks are essential to mitigate fraud risk. By employing continuous monitoring systems, banks can analyze transactions and user behaviors in real-time, identifying anomalies that signal potential fraud.

Behavioral Analytics / Anomaly Detection

Behavioral analytics and anomaly detection play a crucial role in enhancing cybersecurity for banks. By continuously monitoring user behavior and identifying deviations from established patterns, banks can proactively address potential security threats.

Risk Analytics

Risk analytics plays a crucial role in enhancing risk management within banks by leveraging advanced data analytics techniques. Banks utilize these analytics to assess various types of risks, including credit, market, and operational risks.

Loan Decisioning

Advanced analytics and decision-making algorithms for loan approvals. This improves risk-based pricing accuracy, reduces the likelihood of approving high-risk loans, and enhances overall portfolio quality.
Regions Supported

North America

Sergel

Written by Cassidy Bellville on May 27, 2024. Posted in Partners. No Comments on Sergel

Partners

Sergel

Sergel Helps Bring in More Profitable Customers

Key Benefits

Fast and reliable credit scoring. With scoring from Sergel, you can feel secure when you provide credit to both companies and consumers. We provide seconds-quick answers so you can sell immediately.
Build profitable long-term customer relations. With Sergel, it is easy to determine who will be long-term profitable customers.

Sergel – From Purchase to Payment

Fully Automated.

Your existing systems are connected directly to Sergel.
The credit check can take place automatically when you add the customer.
Save time and start invoicing immediately.

Profitability in Focus.

Sergel focuses on the profitability of your customer relationship.
You can safely say yes to more within a risk level that suits you.
Our database is lightning fast – you can answers and can sell immediately.

Advanced Logic.

Advanced models developed by experienced analysts.
Sergel receives daily updated information from many sources.
Credit checks may be stored in accordance with legal requirements.

About Sergel

Services
- Credit Decision
- Credit Check
- Credit Scoring
- Business Credit Data
- Consumer Credit Data
- Debt Collection
- Debt Purchase
Countries Supported
- Sweden

AccountScore

Written by Cassidy Bellville on May 26, 2024. Posted in Partners. No Comments on AccountScore

PARTNER

AccountScore
an Equifax Company

Delivering the market-leading Open Banking solution

Key Benefits

Automate onboarding journey. Our solution enables clients to automate and speed up customer onboarding, especially if traditionally your process has required manual assessment of applications or the need to review bank statements.
Increase acceptance rates. Rich and granular Open Banking insights provide a comprehensive view of an individual’s circumstances allowing you to accept applicants that may have previously been declined using traditional data.

“AccountScore has enabled us to verify our customers with confidence whilst still being a simple user experience.”

GURINDER BAINES, TECHNICAL LEAD, LEAP LENDING

Reliable, Accurate and Comprehensive Bank Transaction Data Analytics

AccountScore’s market leading analytical solution utilizes more than 22 million keywords to categorize transactions and identify insights, patterns and behavior. AccountScore enables lenders to lend more profitably whilst cutting loan processing times, completely replacing the need to collect bank statements and pay slips by substituting these with online, real-time, reliable and fully categorized transaction datasets.

Lenders can reduce bad debt and screen out any fraudulent applications whilst exceeding internal targets for processing loan applications. This ensures that relevant consumers and SMEs get the capital they need whilst ensuring clients lend with greater precision.

AccountScore’s solution enables clients across a broad range of industries to benefit from tools such as instant income verification, digital identity, credit risk indexes, affordability calculators, actionable insights, and events.

Resources

About AccountScore Services

AccountScore Products

Income Verification: Instantly verify income, including salary, employer and benefits

Affordability Assessment: Breakdown of essential and non-essential expenditure; with a configurable disposable income calculator

Vulnerability Alerts: Key risk indicators including loss / reduction of income, high gambling, and returned direct debits

IDV & Fraud Prevention: Mixing traditional bureau data and bank-level secure customer authentication and biometrics

Commercial Risk: Verify business bank accounts to assess cashflow, liability, balance and overdraft indicators and high-risk alerts
Countries Supported
- United Kingdom
- Spain
- Ireland

RiskSeal

Written by Cassidy Bellville on May 4, 2024. Posted in Partners. No Comments on RiskSeal

Partners

RiskSeal

Smart Credit Decisions Through Digital Footprints

Key Benefits

Approval Rate Increase. RiskSeal identifies creditworthy borrowers who have no prior credit history. We help fintech companies expand into emerging markets, increasing approval rates by up to 50%.
Default Prevention in the Early Stage. RiskSeal reduces default rates by up to 25% by providing actionable insights derived from over 140 social and digital platforms, utilizing more than 300 data points per applicant.

“RiskSeal provides a detailed profile for each applicant, covering their social media and online activities. They also return a very accurate Digital Credit Score. This helps us make informed decisions. Our approval rates increaed by 2x, with a 17% reduction in default rates and a 26% reduction in KYC spending.”

TYMUR BUGAEVSKIY, HEAD OF DATA SCIENCE AT ONCREDIT

Credit Scoring and Risk Assessment Through Digital Footprints

Tailored financial solution. RiskSeal is an exclusive digital credit scoring solution tailored specifically for the financial industry.

Scoring and decision system. Our solution goes beyond simple data enrichment – it’s a complete user scoring and decision-making system.

In-depth digital profile analysis. Using just a user email, phone number, and IP address data, RiskSeal analyzes a customer’s digital footprint and provides their detailed digital profile.

About RiskSeal

Services
- Alternative Data for Credit Scoring
- Digital Credit Scoring
- Digital Footprint Analysis
- Face Recognition
- Name Intelligence
- Geolocation Insights
Regions Supported
- Global

LexisNexis Risk Solutions

Written by Cassidy Bellville on February 20, 2024. Posted in Partners. No Comments on LexisNexis Risk Solutions

Partners

LexisNexis Risk Solutions

Digital Identity Intelligence

Key Benefits

Maximize trusted consumer experience and mitigate risk. Powered by digital intelligence gathered from billions of global transactions, we provide insights with advanced analytics to help you make more informed and automated risk-based decisions.
Enrich credit decisions across the customer life cycle. Access robust insight into consumer life events, not just at loan origination but throughout the relationship life cycle. From initial customer targeting to credit risk management to ongoing account management, we can help you grow your business while managing risk exposure.

Capture More Revenue While Delivering Excellent Customer Experiences

LexisNexis® Risk Solutions is a trusted leader in providing organizations with actionable insights to manage risks, find opportunities and improve results. We understand what it takes to navigate the evolving world of risk management and deliver targeted solutions that empower well-informed decisions.

At the core of our vision is the integration of two of the most polarized, yet crucial strategic initiatives: meeting increasingly high expectations regarding customer experience while remaining vigilant to risk, escalating fraud and compliance. Our solutions help businesses make more confident trust and identity decisions across the entire customer journey. Partner with us to confidently capture more revenue while delivering excellent customer experiences.

Resources

LexisNexis® ThreatMetrix®

LexisNexis® Emailage®

LexisNexis® RiskViewTM

About LexisNexis Risk Solutions

Services
- LexisNexis® ThreatMetrix® – Real-time digital identity intelligence and risk assessment to safeguard online transactions and interactions against fraudulent activities
- LexisNexis® Emailage® – Fraud risk scoring solution that uses global email intelligence to assess risk and approve transactions
- LexisNexis® RiskViewTM – Credit risk assessment solution providing insight into key risk factors that traditional credit data alone may miss
Regions Supported
- Global

AperiData

Written by Cassidy Bellville on December 14, 2023. Posted in Partners. No Comments on AperiData

Partners

AperiData

Harnessing Open Banking to Revolutionize Credit Decisioning

Key Benefits

Better decisions across the lifecycle. Our data insights improve decision consistency, speed and accuracy from customer onboarding to account management. We harness the power of Open Banking to transform credit and lending processes that power instant, responsible, and ethical decisions.
Quick and easy to integrate. Use our developer-friendly APIs to integrate directly with your own platforms and customer journeys, unlocking all the efficiencies of data consistency and automation. Also available as a stand-alone product for your users.

“For marginal cases, traditional credit bureau data doesn’t provide sufficient information to make decisions. Using AperiData, around 90% are now approved because of the accuracy of their data.”

MATTHEW STEVENS, CEO, HEY CREDIT UNION

The Real Time Credit Reference Agency

AperiData is an FCA authorized Credit Reference Agency and Open Banking provider that uses banking data to provide real time risk insights.

We see a world where businesses can access comprehensive financial insights at their fingertips, where consumers have control over their financial data, and where data-driven decisions lead to better financial outcomes for everyone.

Our founding team bring over 100 years of combined experience gained in senior roles at organizations across financial services, software, and data service providers. This experience is embedded not only in our technology solutions but also in our proprietary delivery methodology, which enables us to efficiently implement the right solution for every client.

Resources

AmeriData Company and Product Overview

About AperiData

Services

Transaction Categorization: Our machine learning models help you better understand your customer’s income and spending patterns by accurately classifying incoming and outgoing transactions into specific categories. Use this data to make more informed risk decisions and help your customers understand where they’re spending to stay on top of their finances.

Affordability: A complete, accurate snapshot of your customer’s financial position in real time. Our affordability engine uses income and expenditure categorization to accurately calculate customer affordability. Harness rich insights and trends across income, expenditure, assets and liabilities. Understand your customer’s true disposable income and affordability, including detailed breakdown of any benefits received.

Credit Console®: The Credit Console® provides you with a high-impact, high-resolution view of our rich data insights, allowing users to quickly assess your customer’s financial profile. Available as an integrated or standalone solution to be deployed for your business quickly and easily.

Credit Scoring and Risk Indicators: Access our suite of risk flags and identifiers that highlight potential high-risk activities, or areas requiring further investigation.

Identity: Improve KYC and verify customer identity with each linked bank.
Regions Supported

United Kingdom

Equifax

Written by Cassidy Bellville on December 13, 2023. Posted in Partners. No Comments on Equifax

Partners

Equifax

Enabling Better Customer Experiences and Driving Smarter Revenue

Key Benefits

Credit Risk. Make more confident lending decisions and expand access to credit with alternative data and robust analytics only Equifax can deliver.
Identity, Fraud, and Compliance. Equifax Digital Solutions can help protect your business, your bottom line, and your customers at every stage of the lending journey.

Equifax – Powering the World with Knowledge™

At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 14,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.

Resources

About Equifax

Services
- Credit Risk Solutions
- Verifications
- Identity, Fraud, and Compliance
- Data-Driven Marketing Solutions
- Alternative Data Solutions
- Portfolio Management Solutions
Regions Supported
- LATAM
- EMEA
- North America
- Australia & New Zealand

AdviceRobo

Written by Cassidy Bellville on October 27, 2023. Posted in Partners. No Comments on AdviceRobo

Partners

AdviceRobo

Dynamic Personality Data for BNPL and SME Credit Decisioning

Key Benefits

Increase your acceptance rate up to 40%. Incorporating personality data will enhance your scorecards with insights on customer segments like next-gen consumers, newcomers to the country, and small businesses, enabling more accurate predictions and access to previously untapped customer segments.
Seamless customer journey, low-tech integration, real-time insights. Our JavaScript plugin, integrated into your customer onboarding process, gathers data from various touchpoints and provides information, profiles, and decisions. A 24/7 dashboard offers real-time insights into the funnel, comprehensive customer data, alerts, and model performance.

“AdviceRobo is an innovative partner supporting us with their psychometric credit scoring. Our cooperation really adds value to our business. They are a great bunch of people. We are happy to team up with them and benefit from their knowledge.”

SME PLATFORM LENDER IN EUROPE

AI-Driven Solutions to Improve Your Underwriting

AdviceRobo mission is to responsibly promote financial inclusion for the next generation, globally. Younger generations possess unique attributes such as digital fluency, strong entrepreneurial spirit, and a commitment to sustainability, often overlooked by traditional financial methods. To bridge this gap, we’ve crafted an advanced data collection tool tailored for next-gen traits and behaviors.

This tool serves as the foundation for our sophisticated analytical solutions, integrating cutting-edge AI, all while upholding ethical standards and respecting privacy within the regulatory framework. Our solutions empower you to exercise greater control with automated customer data enrichment and seamless data automation through our automatic data pipelines. We also offer innovative modeling and scorecards, in addition to assisting your team in developing customized scorecards. By embracing these solutions, you can embrace the future of financial inclusion and cater to the unique needs of the next generation.

Resources

Use Case: Increase Acceptance

About AdviceRobo Services

Proprietary Personality Data

Psychometric data

Digital footprint data

Biometric data

Demographic data
Profiles and Scores

Life-centric profile

Financial health profile

Life-centric credit score

Other risk scores
Custom Solutions

Score card development

Model development

Design AI strategies and roadmaps for and with boards and management

Education and training on AI for co-workers
Regions Supported

Global

Trustfull

Written by Cassidy Bellville on October 20, 2023. Posted in Partners. No Comments on Trustfull

Partners

Trustfull

Make Better Risk Decisions with Digital Footprints

Key Benefits

Real-time risk intelligence from Email, Phone, Device, IP, Browser analytics. Fast and Accurate. Trustfull monitors and scores identities, sign-ups, logins, transactions, and new accounts in real-time, silently in the background, without any impact on the user experience. Choose from single products integrations such as Email or Phone, IP, Browser, Device or select Trustfull Digital Score for a comprehensive bundle generating accurate risk scores on both consumers and small businesses/merchants.
Leverage alternative data for your risk decisioning, globally. Access hundreds of new data sources, from a single integration with Trustfull, providing actionable trust and accurate risk signals with unlimited international coverage. Remain fully protected and compliant adding an extra layer of security to your stack, detecting risk early in the journey, preventing costly and more complex fraud down the line.

“Integrating Trusfull’s identity scoring algorithms in our AML/KYC process allowed our bank to tap into alternative data sources to identify suspicious behavior in the account opening phase, with positive impacts on overall onboarding process and account opening times.”

LUCA CRIVELLARI, SECURITY AND ANTIFRAUD DIRECTOR AT BANCA SELLA

Make Better Risk Decisions with Digital Footprints

Trustfull helps organisations across industries addressing challenges faced when acquiring, onboarding and protecting customer accounts and transaction attempts, as well as helping when onboarding small businesses and micro-merchants.

With the power of machine learning and digital footprint data derived from phone number, emails, IP address, device and browser data – Trustfull passively analyse and score hundreds of digital signals to form a comprehensive risk picture about the customer interaction, empowering businesses to make better decisions and ensure a safer digital environment.

Trustfull is an enterprise-first solution uniquely positioned in the market as:

More accurate and predictive data signals, with higher match rates into web and social accounts than any other provider.
Best in class Email and Phone Analytics product, with fully global market applicability at the highest accuracy rates.
Robust data sources, coupled with proprietary ML models and skilled teams providing tailored and customised support to enterprises.
Solution can be set-up independently or positioned alongside ANY existing organisation fraud and risk tool to complement and enhance security.

Resources

About Trustfull

Services
- Phone Number Intelligence
- Email Address Analytics
- IP Address Intelligence
- Device Detection
- Browser Biometrics and Insights
- Digital Score and risk score, across all touchpoints
Regions Supported
- Global

AIForesee

Written by Cassidy Bellville on October 19, 2023. Posted in Partners. No Comments on AIForesee

Partners

AIForesee

AIForesee – Pioneering Innovative MSME Score for the Productive Segment

Key Benefits

Proprietary Machine Learning Algorithm Catered for the MSME Segment. AIForesee was born to solve the underserved/unbanked productive segment’s pain points (i.e. the Micro, Small Medium Enterprises (MSMEs)) by providing additional insights for risk assessment in making credit decisions. ‘Productive’ is in Our DNA.
Acting as the ‘Data Hub’ for your Organization’s Efficiency. Having the Productive segment as our DNA, AIForesee developed our products by integrating with various alternative data sources. Consequently, you could ride-on what AIForesee has integrated as your ‘data enrichment one-stop-service’.

AIForesee – Pioneering MSMEs Innovative Credit Score

As an innovative credit score company that focuses on supporting lending institutions that target the productive segment (i.e. MSMEs), AIForesee aggregates alternative data sources (i.e. telco data, social media data, payment-related data, etc.) and processes them with our proprietary scoring engine by leveraging machine-learning algorithms. Our product consists of AIForesee’s Gen-Score that targets micro/small entrepreneurs (i.e. sole-proprietorships/individuals businesses) as well as small/medium enterprises (i.e. limited-liability companies). In addition to that, we are also able to provide a bespoke/tailor-made approach based on our client’s needs and enable data-enrichment initiative by leveraging our integration points.

Currently, our services have been used by a variety of clientele, ranging from digital banks, peer-to-peer lending companies, rural banks, etc. For more info, contact [email protected].

Also read: The Essential Guide to Credit Underwriting Engine

About AIForesee Services

Generic Score Product

Gen-Score Biz

Gen-Score Retail
Data Aggregation Features

Telco

Social Media

Compliance-Related Product

Business Profile Insights

Tax-Related Insights

E-statements
Project

Join Development for Bespoke Model
Countries Supported

Indonesia

MKTplace-data type: Alternative Credit Risk

Partner

VALID Systems

VALID Systems is an AI-powered account risk and transaction decisioning company

Key Benefits

Best-in-class fraud detection and loss reduction

Resources

About VALID Systems

Services

Regions Supported

Sergel

Sergel Helps Bring in More Profitable Customers

Key Benefits

Sergel – From Purchase to Payment

About Sergel

Services

Countries Supported

PARTNER

AccountScorean Equifax Company

Delivering the market-leading Open Banking solution

Key Benefits

Reliable, Accurate and Comprehensive Bank Transaction Data Analytics

Resources

About AccountScore Services

AccountScore Products

Countries Supported

RiskSeal

Smart Credit Decisions Through Digital Footprints

Key Benefits

Credit Scoring and Risk Assessment Through Digital Footprints

About RiskSeal

Services

Regions Supported

LexisNexis Risk Solutions

Digital Identity Intelligence

Key Benefits

Capture More Revenue While Delivering Excellent Customer Experiences

Resources

About LexisNexis Risk Solutions

Services

Regions Supported

AperiData

Harnessing Open Banking to Revolutionize Credit Decisioning

Key Benefits

The Real Time Credit Reference Agency

Resources

About AperiData

Services

Regions Supported

Equifax

Enabling Better Customer Experiences and Driving Smarter Revenue

Key Benefits

Equifax – Powering the World with Knowledge™

Resources

About Equifax

Services

Regions Supported

AdviceRobo

Dynamic Personality Data for BNPL and SME Credit Decisioning

Key Benefits

AI-Driven Solutions to Improve Your Underwriting

Resources

About AdviceRobo Services

Proprietary Personality Data

Profiles and Scores

Custom Solutions

Regions Supported

Trustfull

Make Better Risk Decisions with Digital Footprints

Key Benefits

Make Better Risk Decisions with Digital Footprints

Resources

About Trustfull

Services

Regions Supported

AIForesee

AIForesee – Pioneering Innovative MSME Score for the Productive Segment

Key Benefits

AIForesee – Pioneering MSMEs Innovative Credit Score

About AIForesee Services

AccountScore
an Equifax Company