65 million small businesses need credit every year

A retail bank that wishes to grow in several thin file business segments because data of credit bureaus on these segments lack data or are inaccurate. Applying the AdviceRobo Psychometric scoring increased the acceptance rate between 25 to 40% whilst managing the right risk levels. The marketing cost per new customer decreased by 50%.

A platform lender provides Invoice Financing to small companies that lack access to formal banks for getting working capital credit. Adding the Psychometric data of AdviceRobo decreased the default rate by 25%, the Financial identities prove to be a good indicator for education levels and these Identities help to improve collections.