Income verification & vulnerability

assessment

Challenge

Conventional ‘total credit’ based income assessment methodologies fail to discern critical information about clients’ income situations: the category of income, its ‘credit-worthiness’, and consistency. Furthermore, they aren’t dynamic enough to factor in customer event data. This makes it difficult to fine tune an individual’s credit risk profile at the approval stage and over the lifetime of a loan.

Summary

We developed “income verification” and “risk signals” modules to help drive credit pre-scoring processes and provide companies with early warning systems. They work based on detailed assessments of clients’ income situations and the identification of a set of transaction risk signals (non-bank loans, gambling) and events (unemployment).

Learn more

Solution

1. Income Verification

  • We provide a detailed and accurate breakdown of clients’ income streams to identify streams usable for risk assessment.
  • We identify the name and industry of income sources including employers.
  • We establish consistency to income streams by assessing their regularity, variability and longevity.

2. Risk Signals

  • We identify key risk signals to assist credit risk decisions: intensity of gambling, tapping high-cost finance, low payment discipline and others.
  • We detect income shocks, employment changes and signs of financial distress
  • We capture gradual deterioration of client’s financial health via assessment of client’s income, expenditure and cash-flow development.

What we offer

A transaction classification and risk assessment engine

that prescores customers and gauges credit risk using internal and third party data.

SERVICES

industries

media

Join our team

PRIVACY POLICY

Facebook-f
Twitter
Instagram
Linkedin