Stop Guessing
Lending / Financial
Scale credit markets to the unbanked & underbanked
Our Genie Score™ reduces Portfolio at Risk by 45% and can be used with or without traditional credit scores
We call the Genie Score™ – Improve loan performance – For banks and financial institutions. Genie Score™ predicts an individual or business owner’s capability to repay loans based on a range of historical data and real-time behavioural indicators.
InsightGenie Credit Solution
THE PROBLEM
Legacy systems are holding you back
Non-performing loans and financial exclusion are the result of legacy systems
Clients have told us
”We’d like to do more but none of these businesses have any sort of provable track record.”
“Our PaR ratio is a little on the high side.”
”My most dificult target is reaching the unbanked in tier 2 and 3 cities which is core to our Sustainable Development Goals”
Data says it’s an industry-wide problem
USD lost annually in Southeast Asia due to non-performing loans (NPLs)
unbanked / underbanked in SEA
accuracy of credit prediction
OUR SOLUTION
We deliver up to a 93% accuracy
Because we understand and integrate multi-modal behavioural sources
“We have tested a few alternative credit scoring solutions and none were satisfactory and didn’t give us much confidence. So we were skeptical initially, but we tested InsightGenie for 6 months and results were really good.”
Head of Data, Ultra Micro Segment, Bank Rakyat Indonesia
Figures
- 20% Increase in rate approval
- 45% Decrease in portfolio at risk ratio
- 82-93% Risk system performance
- 2-3x Increase in revenue
Credit
- 20% Increase in approval rate
- 45% Decrease in portfolio at risk ratio
Talent
- 54% Increase in employee performance accuracy
- 57% Increase in employee loyalty rate
Sub markets
Auto loans
Require quick decision making and getting lengthy credit reports is time consuming. A quick verbal analysis can be done to extend Auto loan credit. Our analysis can augment existing credit information to lower credit risks and chances of default. When a person defaults on credit card payments, resources will have to be allocated to collect back delinquent accounts. Our technology tells you who are the most likely to repay, allowing the client to allocate resources efficiently and effectively.
Big Banks
loan disbursement – both from a health and fraud perspective. Big banks would have transactional analytic models but will most probably not have behavioural models. We can help develop behavioural data insights to integrate into their existing models.
Small Banks
Small banks do not have the budget and expertise to build complex models for risk management and we can integrate their existing data with behavioural analytics to help them manage credit risk better.
Micro Credit
Most micro credit borrowers are unbanked or underbanked, with no transactional history to rely on for credit scoring. Our risk assessment tool is a way in which lenders can quickly assess borrowers through loan interviews and credit score them.
BNPL
BNPL requires quick decision making and getting lengthy credit reports is time consuming. A quick verbal analysis can be done to extend BNPL credit.
Credit Cards
Our analysis can augment existing credit information to lower credit risks and chances of default. When a person defaults on credit card payments, resources will have to be allocated to collect back delinquent accounts. Our technology tells you who are the most likely to repay, allowing the client to allocate resources efficiently and effectively.
Auto Loans
Auto loans requires quick decision making and getting lengthy credit reports is time consuming. A quick verbal analysis can be done to extend Auto loan credit.
Collections
When a person defaults on a loan, resources will have to be allocated to collect back delinquent accounts. Our technology tells you who are the most likely to repay, allowing the client to allocate resources efficiently and effectively.
Insurance
Insurance underwriting is dependent on the health of an individual. Instead of sending every person to the hospital for a check-up, it is more cost effective to take data and remote consult with medical professionals. Insurance companies / agents : preliminary health check while discussing the policy with client – as a gimmick – like “hey, before we start, let’s just check and see how you are today, with some heath parameters”. That way, an agent would already know if their potential client is suffering from High BP as an example.
Incorporating voice and social media analysis, we can improve traditional credit scores or negate the need altogether.
@ More tailored analysis increases loan approval by 20%
@ Easily integrate with traditional credit scores or other financial data
Open up access to even the smallest enterprises by incorporating behaviour, industry and social data.
@ Prosodic voice analysis enables assessments in any language
@ Up to 64% reduction in loan default
Watch Our You Tube Videos
Insight genie pitch (Plug and Play) @ #philippinestartupweek 2024
Insight genie pitch (Plug and Play) @ #philippinestartupweek 2024
