We have entered a new normal with digital connectivity at its core and many organisations, banks and other financial institutions have strategies underway to enhance their customers’ digital transformation journey and risk management capabilities.
ADVANCE.AI is in the business of making online operations and businesses more efficient with AI technology through our comprehensive range of credit scoring, computer vision and risk management services. Read on to find out the ways that we can help to determine credit risk and profile.
A look into what Scoring Services can offer
The use of scoring services creates trust and safety in the digital economy, speed up digitalisation of the financial industry in emerging regions such as Southeast Asia, India and Mexico where many individuals remained underserved and unbanked.
The benefits are not limited to banks, it can also lend its support to businesses to evaluate potential risks and mitigate losses. Successful business owners understand what their customers want and they have come to rely on data to understand them better. When making key decisions throughout the customer lifecycle, these data can be useful in assessing a customer’s creditworthiness. ADVANCE have a range of credit scoring solutions including Credit Scoring, Facial Multi-loan Score and Joint Modelling to help with that.
Addressing your most critical pain points
An AI-driven scoring model can solve:
Low effectiveness and efficiency reviewing processes by human agents
High operation costs spent on human checks
Lack of information about conducting evaluations through digital means
Low accuracy of generic algorithms
Lack of integrated solutions
Recommended products and solutions
ADVANCE Credit Score adapts to credits examination, approval of credits, and other activities relating to credit-granting business and credit amount pricing. It can produce a score as a credit reference to help lenders quantify the risk of lending to a given applicant. The score can be used for credit reviewing before submitting the loan application, and the lending can be done if the score is greater than a certain threshold, for example, three times the late payment's multiple. The output can be used as the characteristics of the customer's final model. Businesses should plan a portfolio strategy by combining the usage of multi-platform loans data and revenue data with a recommended iteration cycle of 3-6 months or iterate when the product or scenario is changed.
ADVANCE Repayment Capability Score adapts to common usage scenarios including the review of credits, examination and approval of credits and post-loan credit monitoring. It can produce a credit reference score to help lenders quantify lending risks on individual and help to identify applicants with a stable income who wants to repay by instalments.
ADVANCE Facial Multi-loan Score is a private credit-scoring service and a dependable program system developed by ADVANCE.AI to evaluate credit scores by using face images and helps financial institutions reduce the risk of default.
ADVANCE Joint Modelling is a set of customised and intelligently updated models that can help lenders evaluate borrowers' credit status quickly, accurately, and cost-effectively due to the real-time model calling, returning and setting the right risk threshold. ADVANCE Joint Modelling adapts to financial security scenarios and supports services of traditional scorecards, machine learning and deep learning models.
Want to know more about our latest AI-powered services and how it can make your business more efficient? Get in touch with us atsales@advance.ai
for a consultation or register today to score a FREE trial here at ADVANCE.AI.
Best Regards,
ADVANCE.AI
About us
ADVANCE.AI is a leading AI and big data company in Asia, helping to solve digital transformation, fraud prevention and process automation for enterprise clients. Founded in 2016, we are the leaders in artificial intelligence, risk management and digital lending solutions. Backed by notable VC firms from Silicon Valley and Asia, we have a regional footprint in the Asia Pacific, with our headquarters in Singapore and other offices in Indonesia, India, China, the Philippines and Vietnam. Sector focuses include banking, financial services, fintech, payment, retail and e-commerce.