Detect early signs of financial distress and potential
default in real time with our ongoing monitoring solution.
Finexos can provide lenders with a Consumer Duty layer to protect borrowers who may be deemed at a higher risk of default. We have specifically designed this solution to support vulnerable or higher risk borrowers who are susceptible to changes in their financial capability due to micro and macroeconomic factors outside of their control. We empower the lender to provide an ‘always-on’ service, with automated detection of drops in income, excessive spending patterns, and credit defaults that are external to the lender’s business.
Finexos’ innovations provide clear benefits to the lender, borrower, and the wider ecosystem.
By taking Open Banking data and other live data sources, our solution provides a real time view of a borrower’s financial situation.
Early detection of default and more accurately priced credit improve customer retention and boost Net Promoter Scores.
Fully automated machine learning identifies key financial competencies and vulnerabilities, enabling the precise pricing of credit products.
Fully prepare for Consumer Duty with our unbiased data intelligence metrics that place good borrower outcomes front and centre.
Up to
72%
Reduction in Default Rate
Up to
17%
Improvement in Balance Sheet
Up to
257%
Uptick in ROCE
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 price 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 through no fault of their own.
Rapidly detect vulnerability in your loan book
Step 1
Share your data through our secure vault
– Data accepted in heterogeneous formats
– No PII required
– ISO 27001 certified
Step 2
Loan book data assessed by FIOLA®
– Data QA process
– Transited to the FIOLA® risk engine
– Data screened through 300+ factors to identify risk
Step 3
See your results
– Vulnerability analysis
– Capital at risk
– Probability of default
– Summary & recommendations
If you can’t find what you’re looking for, feel free to reach out to our customer support team for further assistance.
I’m interested in an enterprise partnership or in reselling Finexos’ products. How do I contact you?
Please fill out our contact form and someone will be in touch.
How does Finexos’ approach differ from our competitors?
Unlike our competitors, we enable lenders to use data in real time from multiple sources to calculate the overall suitability of credit, based on a borrower’s financial capability and the affordability of the product. Our AI composites over 300 data points with behavioural analytics and forward-looking metrics to ensure that the lender has a clear view of the likelihood of repaypayment, thus significantly reducing the rate of default versus legacy decsioning metrics and those based on affordability alone.
What is the difference between affordability and capability?
Affordability is a measure of the ability of a borrower to meet the repayment terms of a credit product based on their cash position. Capability is a measure of how well a borrower manages their cash and credit on an ongoing basis, and how they prioritise expenditures.
Does Finexos provide financial transaction data?
No, Finexos is a data intelligence provider that analyses transactional data provided by our customers (providers of credit). Finexos is able to integrate with all Open Banking providers and accepts data in heterogeneous formats.
Does Finexos share personal borrower related data?
Finexos does not hold or store any PII data belonging to loan applicants. We have completely anonymised the process to negate the effects of unwanted bias.
Read more about what we’ve been up to on our mission to safely enable more people to access affordable credit.
Today, credit scores are a crucial part of everyday life. They affect everything from mortgages to mobile phone contracts, and a poor score or lack of history can be a real barrier. But when were credit scores invented and how did they evolve?
Lending analytics uses data to offer valuable insights for credit unions, banks, fintech and NBFCs (non-bank financial companies) to make faster and better decisions. It efficiently evaluates, processes and completes financial analysis on loan applications.
The Financial Conduct Authority’s (FCA) Consumer Duty has redefined how financial services companies approach customer protection. At its heart are the four Consumer Duty outcomes – a framework designed to ensure products and services not only meet regulatory expectations but actively deliver good results for consumers.
Data from Fair4All Finance shows that 20.3 million people were living in financially vulnerable circumstances as of 2024 – an increase of 16% from 2022. Financial vulnerability can be caused by a range of factors but is universally harmful to both affected individuals and lenders.
An affordability check determines whether a borrower is qualified to receive a loan. Many factors go into deciding whether a borrower is qualified, such as their income, regular bills and in some cases even postal code.
Affordability assessments are a crucial part of the approval process for almost any financial product, from mortgages to personal loans. But what are they, how are they used, why are they so important, what criteria do they assess and what does the process look like?
The Bank of England’s latest survey on AI in financial services revealed that 75% of firms are already using artificial intelligence (AI), with a further 10% planning to use AI over the next three years. The development and implementation of AI programs requires significant financial and operational investment which not all lenders have the capabilities to undertake.
AI is transforming lending operations and unlocking a world of possibilities for consumers and lenders alike. By providing tools to improve decision-making, the utilisation of AI in lending is helping to create more financial inclusion and credit access for an underserved market. A credit decision engine that uses advanced AI also reduces operational overheads and increases efficiency.
The adoption of generative AI for the finance sector is becoming essential for managing data, mitigating risks and enabling data-driven decisions. Businesses embracing this solution are solving challenges faster and gaining a competitive edge in an ever-changing landscape. Many sectors are already using a form of AI to become more efficient, but generative AI is capable of doing so much more.
Optimising and future-proofing Loan Management Software (LMS) is crucial for adapting to evolving market demands and thriving in a competitive landscape. The use of AI is growing as a means to this end, but what are the key considerations for LMS providers when adopting it to achieve the best results?
The Consumer Duty has reshaped the regulatory landscape for UK financial services and is increasingly becoming the underpinning principal of the FCA’s supervisory approach. It sets high standards of consumer protection across financial services and requires firms to put their customers’ needs first. Lenders must ensure that their products deliver genuine value, protect customers from foreseeable harm, and equip them with the information necessary to make informed decisions.
The Bank of England’s latest survey on AI in financial services revealed that 75% of firms are already using artificial intelligence (AI), with a further 10% planning to use AI over the next three years. The development and implementation of AI programs requires significant financial and operational investment which not all lenders have the capabilities to undertake.
Finexos has formed a new partnership with Endava plc, a leading technology services company.
Finexos is delighted to announce a new strategic partnership with credit reference agency (CRA) and Open Banking Provider, AperiData.
Finexos’ AI-powered credit and affordably risk, analytics and data science platform has been accepted onto the Financial Conduct Authority’s (FCA) Innovation Pathways.
Finexos has partnered with all-in-one loan management system, Fintech Market, to enhance credit decisioning.
Finexos is delighted to announce our achievement of ISO 27001 accreditation, enabling demonstration of gold-standard data protection.
Finexos’ AI-powered credit risk and analytics platform has been accepted into the Financial Conduct Authority (FCA) Digital Sandbox.
The Finexos team is delighted to share that the company has joined Innovate Finance, the independent industry body and voice of UK FinTech.
Finexos has partnered with NayaOne to provide advanced AI-powered Loan Book Vulnerability Analysis (LBVA), that reduces defaults and increases Return on Capital Employed (ROCE), via the NayaOne marketplace and Digital Transformation Platform.
The Consumer Duty is now in force for new and existing products and services.
In a recent BBC interview, the EU’s Competition Chief, Margrethe Vestager, expressed her concerns about the potential for AI to amplify bias or discrimination in loan and mortgage decisions.
The Finexos Board is delighted to announce the appointment of Darren Smith as Chief Executive Officer.
Growth Capital Ventures has led a £695,000 investment round into Finexos, a fintech platform set to improve access to credit for millions of people around the world.
