MKTplace-data type: Alternative Credit Risk

AperiData

Written by Amy Sariego on 14 Dec, 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 Amy Sariego on 13 Dec, 2023. Posted in Partners. No Comments on Equifax

Partner

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 USA with Knowledge™

At Equifax (NYSE: EFX), we believe knowledge drives progress. As a data, analytics, and technology company, we play an essential role in the 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. 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
- USA

AdviceRobo

Written by Amy Sariego on 27 Oct, 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 Amy Sariego on 20 Oct, 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 Amy Sariego on 19 Oct, 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

Prism

Written by Amy Sariego on 5 Oct, 2023. Posted in Partners. No Comments on Prism

Partners

Prism

Make Better Credit Decisions, Faster, Using Bank Transaction Data

Key Benefits

Better data analytics enables better credit decisions. Prism helps clients more accurately predict credit default risk so they can increase approvals, while reducing expected losses. Leverage customer-permissioned deposit account transaction data and Prism’s powerful analytics to improve underwriting, score more customers and minimize first-party fraud.
Spot risk, before it becomes a problem. Prism’s products help companies quickly detect—and proactively respond to—changes in a consumer’s income & spending that may be indicative of risk, and surface non-obvious financial obligations (like BNPL, payday & title loans) that could impact a consumer’s ability to repay.

Prism Helps Clients Quickly Make Better Credit Decisions

Prism Data provides essential infrastructure powering the next generation of credit risk. Prism’s market-leading suite of products –including its proprietary CashScores – use advanced open banking analytics to enable financial institutions, fintechs and other businesses to derive powerful and actionable insights from consumer-permissioned bank transaction data. Prism clients can use those insights to more precisely and accurately predict credit default risk, score missing- and thin-file customers, identify first-party fraud, and better manage and service existing portfolios.

For more info, visit www.prismdata.com.

About Prism

Services
- CashScore: Assess a consumer’s credit risk using real-time financial transaction history, as opposed to credit history. Predicts 90+ DPD in 12 MoB.
- CashScore for First-Party Fraud: Assess near-term, or early-life credit and fraud risk, including first payment default, “never pay,” and first-party fraud.
- Insights: A library of enriched attributes, built from categorized transaction data, that can be used in tandem with CashScore or as distinct attributes incorporated into underwriting models.
- Income: Analyzing banking transactions to identify gross and net pay, income stability, employment, and income sources.
Regions Supported
North America

Digital Matrix Systems (DMS)

Written by Amy Sariego on 12 May, 2023. Posted in Partners. No Comments on Digital Matrix Systems (DMS)

Partners

Digital Matrix Systems (DMS)

Improved Business Outcomes through Data Access and Analytics

Key Benefits

Centralized connectivity to credit bureaus and alternative data. Data Access Point® provides centralized access to data sources in a standardized and normalized format. Clients can easily add data sources as business needs evolve to support the entire customer life cycle.
DMS Summary Attributes® consolidate credit information for easier analysis. Over 2,600 tri-bureau attributes reduce redundant data while providing complete coverage of the consumer credit file. Increased predictive power is delivered through new analytic concepts that accommodate a broad range of scenarios to evaluate creditworthiness.

Leverage the Power of Data: Data Management and Analytics

Data drives your business. Leveraging the right data can improve efficiency, increase profitability, and enhance risk management. For over 40 years Digital Matrix Systems (DMS) has helped banks, credit unions, auto finance lenders, and insurance companies extract value from data so they can make the best-informed decisions for their business. We provide connectivity to the credit bureaus and alternative data providers. In addition, we help power the analytics and processes that you need for marketing, loan origination, collections, dispute resolution, fraud mitigation, risk management, and many other critical business activities.

Resources

About Digital Matrix Systems (DMS)

Data Access Point® provides centralized access to credit and alternative data sources
- Auto
- Credit
- Commercial
- Fraud/ID
- Geospatial/Location
- Property
Countries Supported
- United States
- Canada

Enable Banking

Written by Amy Sariego on 21 Apr, 2023. Posted in Partners. No Comments on Enable Banking

Partners

Enable Banking

Enabling the Future of Open Banking

Key Benefits

Get Access to 2600+ Banks Across Europe. With our easy-to-use connectivity engine, you will be able to quickly connect to banks’ (ASPSPs’) official APIs all over Europe, without having to worry about the complexity of supporting thousands of different integrations.
Stay Fully in Charge of Your Customers’ Data. Sending everyday letters or parcels, most people don’t spend much time considering what delivery service to use. But what about exclusive jewellery? A painting? Your customers’ financial data is amongst the most valuable packages of information they could ever trust you with. We are the safe and secure information passageway, enabling the future of financial services – without ever using your customers’ data.

“We have a great realtionship with Enable Banking and there is a high velocity in the process. They are super nice, very helpful and professional in their way of working.”
MINH-KIET VUONG, PRODUCT MANAGER AT ZERVANT

Why Enable Banking?

Our hands-off open banking API connects you to over 2,600 European banks. With us, you can fully focus on:

Your Creativity: Never worry about connectivity again. Create innovative cross-border solutions on your own terms.
Your Expansion: Expand internationally and scale your business. We’re constantly growing too!
Your Data: Your data is yours to use as you please, with complete confidence that your data provider will never tamper or use it in any way.
Your Risks: Leverage our APIs – e.g. for credit scoring purposes – in order to proactively manage credit risks.

Resources

About Enable Banking

Services
- PSD2 AIS APIs
- Banking API
- Credit Rating
- Automated Bookkeeping
- Cloud-Native Core Banking
- And More
Regions Supported
- EMEA
- EEA

Railz

Written by Amy Sariego on 18 Apr, 2023. Posted in Partners. No Comments on Railz

Partners

Railz

The Railz API: Building a Future of Data-Powered Finance

Key Benefits

Real-Time Financial Analytics at Your Fingertips. Railz offers real-time SMB financial data and analytics for informed investment decisions. With accurate data, financial institutions can assess creditworthiness and provide valuable services to SMB clients, using accurate, up-to-date data.
Transform your Financial Analysis with Streamlined Efficiency. Railz streamlines SMB financial analysis for efficient data collection, underwriting, and product launches. It saves time, reduces errors, and offers clients a seamless experience.

“Our bank partners love that we have access to real-time accounting data. That was huge in getting a credit facility.”
ZACH JOHNSON, FOUNDER & CEO AT DASH.FI

The Future of Finance Needs Access to Financial Data

Railz: Revolutionize financial services with the largest financial data network in the world.

Railz solves challenges faced by financial institutions in obtaining high-quality financial data for SMBs. We provide one access point for normalized SMB financial data, collected from multiple sources including accounting, banking, tax, and commerce. Railz offers unique features and tools including Railz Credit Score™, Railz Accounting Accuracy Score (RaaS™), cash flow forecasting, benchmarking, and real-time analytics visualization. We help FIs make fast and calculated decisions in lending, business financial management, payment reconciliation, and insurance. Railz normalization process ensures that data is organized, standardized, and up-to-date, making it easy for FIs to safely make informed decisions.

Resources

About Railz

Services
- Railz API: connects to all major accounting service providers like QuickBooks, Netsuite, Xero, Banking via Plaid, and E-Commerce such as Shopify & Square.
- Lending: optimize credit approval and monitoring process and streamline loan origination and servicing.
- Valuation and Forecasting: business valuations, cash flow forecasting.
- Railz Credit Score™: A modern business credit score
- Accounting Accuracy: Railz accounting accuracy Score (RaaS™) measures accuracy of accounting data when overlaid with banking data.
- Benchmarking: Financial ratios by market, geography, age of business
- Railz Normalization: Makes sense of messy financial data across commercial customers in real-time.
- Railz Dashboard™: Configurable dashboard that provides highlights and insights to build customized dashboards.
- Railz Visualization SDK: a collection of standardized web components to build customized financial dashboards and develop the next-gen of embedded finance products.
- E-commerce Integration: integration with Shopify and Square: Pull e-commerce data directly into your application to help reconcile and keep financial records up to date.
Regions Supported
- North America

Monto

Written by Amy Sariego on 10 Mar, 2023. Posted in Partners. No Comments on Monto

Partners

Monto

SME Lending Powered by Real-Time Financial Data

Key Benefits

Better data. Better credit decisions. Monto’s API provides a detailed, real-time view of SME business performance. We collect, standardize and visualize data from leading accounting providers to help lenders make faster and more accurate credit decisions.
Enhance your processes while improving the user experience. With Monto, lenders can easily authenticate borrowers and start working with high-quality data. Depending on your specific needs, our connectivity can make everything from data collection and onboarding to loan underwriting more efficient.

“The process of sharing financials is very easy with Monto. Our applicants can grant access to their accounting software in seconds.”
FLOAT LENDING

Your Single Access Point to SME Financial Data

Monto is a Stockholm-based fintech that helps Nordic SME lenders harness the power of real-time data. We combine smart tech and deep industry know-how to help fintechs, banks, lending brokers and BaaS platforms make better credit decisions, streamline processes and improve the customer experience.

With Monto, lenders no longer have to rely on manual, dated or mediocre data sources in their credit reviews. Our API unlocks instant access to up-to-date income statements, ledger quality, financial ratios, and more, fetched from leading accounting software providers in Sweden. We also provide a visual interface that allows credit teams to gain a comprehensive financial understanding of their connected borrowers.

Our platform is tech agnostic and available for a free trial.

Resources

Monto – Better Decisions, Powered by Better Data

About Monto

Services
Monto API. Seamless API connections to accounting software makes access to real-time financial data smooth, safe, and tailored to credit teams’ needs. Get full details on everything from rolling income statements to ROI and profit margins.
Standardized data. We categorize and standardize relevant financial data, allowing your team to access high-quality information and make better credit assessments. This helps you eliminate tedious and time-consuming manual data collection.
Visual interface. Get a comprehensive view of your customers’ financial situation in a single interface to enhance your credit decisions. We cover many of the key metrics and KPIs that drive a customer’s financial performance.
Easy onboarding. Monto’s pre-built authentication flow enables you to onboard new and existing customers in seconds. Your SME customers simply have to grant access to their financial data, and connect to their accounting provider.
Extensive coverage. Monto’s accounting integrations cover an estimated 95% of the SMEs in Sweden that use cloud-based accounting. Our future roadmap includes the other Nordic countries.
Countries Supported
- Sweden
- Norway

MKTplace-data type: Alternative Credit Risk

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 USA 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

Generic Score Product

Data Aggregation Features

Project

Countries Supported

Prism

Make Better Credit Decisions, Faster, Using Bank Transaction Data

Key Benefits

Prism Helps Clients Quickly Make Better Credit Decisions

About Prism

Services

Regions Supported

Digital Matrix Systems (DMS)

Improved Business Outcomes through Data Access and Analytics

Key Benefits

Leverage the Power of Data: Data Management and Analytics

Resources

About Digital Matrix Systems (DMS)

Data Access Point® provides centralized access to credit and alternative data sources

Countries Supported

Enable Banking

Enabling the Future of Open Banking

Key Benefits

Why Enable Banking?

Resources

About Enable Banking

Services

Regions Supported

Railz

The Railz API: Building a Future of Data-Powered Finance

Key Benefits

The Future of Finance Needs Access to Financial Data

Resources

About Railz

Services

Regions Supported

Monto

SME Lending Powered by Real-Time Financial Data

Key Benefits

Your Single Access Point to SME Financial Data

Resources