Risk assessment is essential to support businesses in providing financing and expanding their services. Risk assessment tools help analyze a borrower’s creditworthiness based on income, debt, employment, and more. The good news is that Tarya provides both non-financial and financial institutions with the necessary tools and data to mitigate risks and increase profitability.
A credit bureau is defined as a credit reporting agency that collects information about a borrower’s financial situation in order to determine their credit score. Tarya partners with numerous credit bureaus to extract online financial data and assess future repayment capabilities.
A risk score is a score used to predict a borrower’s creditworthiness and their ability to repay a loan. Based on different layers of complex data, Tarya assigns a score between 1 and 1,000 to help you mitigate risk and optimize your offerings.
Tarya uses an abundance of data sources, including proprietary organizational data, online input, external data from credit bureaus, digital profiling information, and bank details, to create a comprehensive borrower profile and streamline lending.
Tarya’s online polygraph is a one-of-a-kind solution, part of our Tarya Profiler module. Tarya’s online polygraph helps businesses assess borrowers’ information based on their social and online activities in order to optimize the loan origination and management process.
Risk modeling is an essential part of financial modeling. It involves the use of different mathematical techniques, such as historical data and simulations, to analyze different types of risk (e.g., credit risk). Here we should note that Tarya employs ML/AI algorithms to further help companies create an accurate risk model in order to expand their portfolios.
Everyone leaves a digital footprint when using the Internet, and Tarya is here to help you understand this information. Our risk solutions are able to analyze one’s online behavior when they apply for a loan (e.g., delays when filling out forms) to help you create a more comprehensive picture of their creditworthiness.
Open banking is an advanced sector in the fintech world that allows third-party providers to access financial and accounts information for account holders from banks and other financial institutions. This way, open banking ensures transparency and interoperability globally.
Given the importance of user data, data protection is of utmost importance at Tarya. Based on AI-driven data and novel encryption, we have created an environment where personal information is never used without consent. Moreover, unlike other credit providers, we help you regain control of your own business information and gain valuable user insights to gain a competitive edge in their sector.
Tarya’s risk assessment module is different from other solutions as it empowers decision-making based on AI-driven and detailed data from a variety of sources, giving you a competitive edge.