Innovative Assessments

In the age of Covid-19, due to unemployment and business closures, the need for short-term credit has increased significantly. In parallel, banks and lenders strive to reduce their portfolio risks, and may be unable to rely on their traditional bureau credit scores in this new economic situation. As a result, lenders may be forced to decline credit to many of those in need. IA offers a solution.
We help financial institutions identify customers who are trustworthy, responsible, and potentially very valuable borrowers, but who might otherwise not qualify for credit. Character traits such as these, are known to be critical for good borrowers’ behaviors, but are seldom addressed by traditional credit models. Our psychometric scores are forward-thinking, and not based on historical data. Our solution therefore augments traditional credit models, especially in critical times like these, when a borrower’s personal character plays an increasingly important role in their financial behaviors. In the past, we have focused on helping the traditionally “underbanked” or “marginal” applications, and now lenders are using our solution for the broader population as well. Our solution helps lenders: (1) reduce their current portfolio risks, (2) increase credit approvals, (3) service loans and collections more personally.