What is the Business Credit Risk Score?
Better information. Smarter Decisions. Unlike other business risk scores, this score leverages bank credit performance data, deriving greater insights into credit performance than ever before. This very predictive element within the consumer space has now been applied to businesses.
Deeper and predictive data allows any company that extends credit or payment terms to businesses to better assess behaviours not previously available. This leads to more accurate decisions and therefore improved risk management. This business specific risk score, when used in combination with other credit data, makes for a powerful combination of information giving you more robust decision-making capabilities
Thorough understanding of applicants risk and behaviour with a business credit view for smarter approvals
Better efficiency through more streamlined processes
Reduce losses through enhanced risk processes
Increase growth and enhance business credit portfolios via faster decisions
Improved decision process across lines of business and channels
Ability to gather information for regulators with new empirical risk measurement information
Faster adjudication processes increasing operational efficiencies and reducing non-interact expenses
Better positioned to predict the likelihood of delinquency of a business in the next 12 months