Our credit scoring solution
Lend to a new customer base with Psychographics
With our profiling, you can lend safely to underserved consumers and SME’s.
Around the world, the current onboarding process for new customers is slow, old-fashioned and ineffective. It relies on credit histories and doesn’t take into account other factors that might make a borrower eligible for credit. This has created a financially unhealthy global population.
The AdviceRobo solution to this global problem is Psychographic processing. Using our questionnaire, we look at borrowers’ personality and behaviours, rather than relying only on credit histories. This gives a more rounded, accurate indication of an applicants trustworthiness.
Our risk robot JACQ gathers data from potentially unlimited data sources and applies AI to accelerate our clients’ acquisition process – allowing them to immediately fulfil loans.
Since 2015, we’ve scored over 1,000,000 thin files. This has created an increase of over 15% for our clients’ sales. In other words, we’ve unlocked a whole section of their customer base that they didn’t have access to before.
One of our aims is improving global financial health. A measure for this is looking at whether we’ve reduced numbers of defaults. Our results show that we’ve reduced default in our clients’ thin-file applicants by 20% – better for the world and better for our clients.