The impact of using alternative data sources in credit risk assessment
?? Hey there, community!
In this newsletter edition, we want to put all the cards on the table and admit that many of us, entrepreneurs, face challenges in growing our businesses due to a lack of financial education.
Often, we focus too much on the operational and administrative aspects of the business, neglecting the financial and strategic aspects essential for expanding activities.
If you are a business owner facing this challenge, you will recognize the importance of Financial Institutions in gaining a deep understanding of how each business operates, its expansion strategies, and its ability to repay a loan through credit risk assessment.
This need to better understand entrepreneurs' businesses is amplified by the fact that traditional credit risk assessment models often rely on historical financial data and indicators, which may be insufficient in making precise and relevant predictions.
? Thus, our journey begins here.
iFactor Pure Analytics relies on advanced data analysis and cutting-edge technologies to provide banks and financial institutions with detailed and relevant information about a business's current performance and growth potential.
Discover more about how we can transform the Credit Evaluation Process with the iFactor Pure Analytics help.
?? If this topic resonates with you, share your thoughts and insights with the community. We're eager to hear from you!
Stay tuned for more updates and discussions on the latest trends and innovations in finance.