We take the hard work and hassle out of credit decisioning.
Our proprietary AI powered model continuously optimises, delivering
an unbiased assessment of affordability, ability to repay, and value
over time. All in one platform.
Expand your customer base with advanced AI-driven metrics that go beyond a credit score and provide a deeper analysis of financial behaviour and repayment capability. Be able to spot discrepancies and avoid loan defaults with ongoing monitoring that detects unusual patterns in spending and income. Gain a comprehensive understanding of your current loan book with retrospective analysis that gives a real-time overview of the likelihood that borrowers will repay or default based on data from various sources.
How Finexos optimises lending performance
Finexos technology and sustainability-focused methodology provides a more robust assessment of a borrower’s ability to meet repayments, and to do so comfortably. By utilising historical CRA data, income and open banking data, with no need to factor in government statistics, a more accurate affordability assessment based entirely on individuals’ behaviour and their unique circumstances is revealed. Lenders will see a Maximum Affordability Calculation from which to base their lending level decision.
More accurate affordability assessments mean loans are granted more responsibly and sustainably. Not only is affordability determined, but also maximum affordability. An affordability prediction rate accuracy of 99.34% has been demonstrated in a Finexos proprietary study, and ongoing real-time vulnerability monitoring allows for early intervention in cases of distress or a change in circumstance.
When calculating affordability assessments, Finexos uses zero PII. By anonymising the process, the traits of a customer that have traditionally led to potential bias such as gender, race or postcode are eliminated. The risk of algorithmic bias is also removed via anonymisation. It is also possible to look at the factors that governed the decision within the model.
Each borrower and their circumstances is unique and the FCA requires that every customer is treated as an individual. Finexos technology brings a holistic approach to regulatory compliance. Sustainability-focused affordability assessments are based on each applicant’s individual circumstances and behaviour to deliver more granular and accurate results. And by identifying loans that could become unaffordable before delinquencies occur, credit providers can intervene proactively to support better outcomes for their customers.
Finexos integrates seamlessly via an API-first approach. Implementation is fast and simple. Sustainable Affordability Assessments are embedded into existing decisioning workflows without disruption and do not require system overhauls. With real-time data access and automated decisioning, processes are streamlined, efficiency is increased and costs reduced. Assessments are provided instantly and with ISO27001 certification, Finexos is able to demonstrate the gold standard in data protection.
At Endava, we are delighted to announce our partnership with Finexos, demonstrating our ongoing commitment to financial inclusion. This relationship authentically aligns with our core values, using technology and democratising access to financial instruments. Giving individuals and communities the ability to access fair, consistent next-gen real-time credit scoring. Empowering economic growth and stimulus.
Matthew Williamson
SVP & Industry Principal
The Finexos experience has been nothing short of outstanding. Their solution has not only improved our decision-making accuracy by a whopping 267% but has also allowed us to identify cost savings in our operations and save valuable balance sheet capital.
The actionable perspectives provided by Finexos have opened up new doors and revenue streams in our future plans, promising a significant and lasting impact on the trajectory of our organization. I cannot recommend Finexos highly enough.
Dan Ware
CEO
Open Banking is transforming the access to credit. Using some of the industry’s best technology, Finexos are leading the way and setting a high benchmark. An absolutely wonderful challenge for us all to step up to given the positive impact this will have on lender’s, borrower’s and society as a whole. Value driven and with a massive social conscience, the Finexos team are on a mission to unlock the huge wealth of possibilities for a fairer, more inclusive world. We’re proud to work alongside such an inspired team.
Helen Child
Founder & CEO
The addition of Finexos strengthens Endava’s banking ecosystem with new and existing AI-based software and also brings to our clients new tools that fuel growth and react to new and future regulatory requirements.
Lewis Brown
Head of Alliances and Partnerships
Supercharge your business with our AI-powered financial capability metrics.
Accurately assess repayment capability through the power of our AI and affordability analysis.
Detect early signs of financial distress and potential default in real time with our ongoing monitoring solution.
Get a granular snapshot of the quality of your loan book in real time with our Portfolio Analysis
Fiola is capable of processing data from multiple sources in heterogeneous
formats and does not lose efficacy in low-data environments.
Built on the latest infrastructure to deliver high performance, security, and stability.
Automated factor prioritisation Seamless API integration 7.5 milliseconds processing time per call Decision accuracy increases over time with ML No Personally Identifiable Information (PII) required
Detailed behavioural analysis which uncovers how well a borrower manages their cash flow and credit commitments in real time.
Try it for yourself
Step 1
See our test data
- Sign up with a business email
- Verify your email, company and role
- Login and see the results
Step 2
Share your sample data in our secure vault
- Data accepted in heterogeneous formats
- No PII required
- ISO 27001 certified
Step 3
What happens then?
- Data QA process
- Transited to the FIOLA® risk engine
- Data screened through 300+ factors to identify risk
Step 4
See your results
- Active Affordability
- Probability of default
- Loan Book segmentation and more
- Summary & recommendations
Better serve your customer through enhanced affordability assessment
We believe that the credit system can and should be a win/win for the providers of credit and those that need it. Finexos was created with the dual goals of delivering financial inclusion and ending credit poverty. We know that, by equipping providers of credit with the tools to better detect risk, we can be part of the solution that will unlock credit for the millions globally that are underserved or completely excluded from the credit market.
Up to
25%
Reduction in Default Rate
More inclusive lending, based on our affordability and financial capability metrics, unlocks new markets whilst reducing overall risk exposure through the use of our advanced AI and behavioural analytics. Finexos enables lenders to safely include more borrowers, even those with thin credit data and without the need for PII.
For information on how we can supercharge your credit decision engine, or to partner with us, please get in touch.