Credit Risk Analysis (Risk Scoring Model)
Prospects will often ask about the credit risk model and the extent to which the platform assists with CRA. The thing to explain is that the system can help with screening and scoring against a defined model by taking various metadata points and using them in a model.
The credit risk model is often a unique, proprietary process owned by each client, but we can provide a template and a process and policy to help them get started. Rebs can provide consultancy in this area.
Application Screening
The system can be programmed to identify screening criteria that help to immediately reject applications that may be ineligible or unsuitable.
Application screening can take data points from 3rd party APIs such as Credit Safe or Open Banking and use these data points per the firm's policy.