Macroeconomic Indicators, Industry Indexes, News and other information affects the quality of loans. Higher risk ratings are often associated with industries hit hardest by global and national events. This provides insights and alerts to our approval engine on the type of industry of segments with elevated risks.
By employing OCR and machine learning, we are able to digitize and extract data from bank statements, invoices and other supporting documents. It will then be enhanced and corroborated with data obtained from APIs provided by organizations such as ACRA and others. This greatly accelerates our turnaround time.
The increasing number of cases that is fed through the approval system continuously allow the system to constantly learn and refine the outcome of a loan. With every bad loan, the system makes the necessary adjustments to ensure that the chances of that happening is reduced in its next analysis.
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