Industry
BFSI
It is a known fact that loan fraudsters and defaulters thrive when the economy is weak; in fact, countries like the UK lost £4.9 billion to loan fraudsters in the previous year.
What this also means is that the existing approach to measuring credit risk will no longer suffice in today’s situation; it is crucial that the borrower, and not only their portfolio, is evaluated to get a holistic picture of loan risk in today's turbulent market. This white paper will enable you to mitigate trade credit risk by:
- Analyzing creditworthiness at the level of the individual
- Utilizing a novel loan defaulter classification to identify scoring errors
- Evaluating applications using three highly relevant and groundbreaking parameters
