PROVIDING PERSPECTIVE ON A BORROWER’S CREDIT SEASONALITY
A credit score represents of a person’s current and past credit. This antiquated, backwards looking, and often flawed data is used as a benchmark for a borrower’s future credit performance.
Your Credit Profile wants to change how lenders assess future credit performance. Our predictive algorithm provides lenders with a glimpse into a borrower’s credit future. By using the secure credit data accumulated in our blockchain, a lender can assess emerging patterns and better predict the seasonality of a borrower’s payments.
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TAKE CONTROL OF YOUR LENDING
The ability to predict the future is the goal of every lender. A borrower’s past looking credit score does not always provide a true picture of their ability to repay. Age directly correlates to the score a person receives. If someone moves to a new country, their credit score starts from scratch, and the two credit bureaus in Canada are susceptible to hacking and often make clerical errors that negatively affect a borrower’s score.
Our innovation will predict a consumer’s credit seasonality by analyzing information gathered and stored in our blockchain technology. Due to the many issues with today’s credit information accumulation and security, this makes the data “dirty”. Blockchain provides a more complete and reliable set of information. Using “clean” credit data, instead of “dirty” data that is susceptible to hacking, a lender can provide better information to assess a borrower’s ability to repay.
We provide granular, relevant, and actionable data to support well-informed lending decisions. This helps any lender better plan and prepare for the credit seasonality of their borrowers.
Click on our Demo button to see how our platform works.
Our Team
“Predictive analytics solutions is synonymous with relying on data for decisions instead of experience and the usual practices”
Sophia Brooke – How Will Blockchain Make Predictive Analytics Accessible?
