Affordability & creditworthiness are two central pillars of responsible & profitable financial decisioning.
Being able to accurately calculate affordability & creditworthiness allows clients to minimise their underwriting credit risk.
Affordability centres around the consumers ability to afford a new financial liability.
_Affordability API uses AI to analyse historical consumer spending behaviour to provide a detailed analysis of whether they would be able to comfortably afford their new loan, credit card, financed purchase and so on.
Creditworthiness centres around the consumers likelihood to meet new financial commitments.
_Affordability API uses AI to analyse historical consumer payment behaviour to provide a detailed analysis of whether they have historically paid new loan, credit card, financed purchase commitments and so on.