Mar 05, 2021
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Service categories
Service Lines
Software Development
Domain focus
Real Estate
Challenge
There is a huge Credit gap (+3 T USD) in SMEs financing and traditional lenders are losing market share against Fintech because they are highly autocratic, considerably slow and offer bad conditions. It is very hard to get trustable information on SMEs (brick and mortars in this use case) to feed into traditional credit scoring models. This causes banks to lend working capital loans in a very sectorial manner, without any offer personalisation, no matter the performance of the borrower.
There is a huge Credit gap (+3 T USD) in SMEs financing and traditional lenders are losing market share against Fintech because they are highly autocratic, considerably slow and offer bad conditions. It is very hard to get trustable information on SMEs (brick and mortars in this use case) to feed into traditional credit scoring models. This causes banks to lend working capital loans in a very sectorial manner, without any offer personalisation, no matter the performance of the borrower.
Solution
Synapse Scoring assesses the credit scoring of offline retailers analysing performance data only. Several retailers’ cash flow data (gathered through PSD2 API) and customer flow data (gathered through IoT devices installed inside the store) are modelled in order to define the set of probabilities of default at different maturities. Moreover, to induce the store manager to better manage the store and outperform, Synapse tool also includes a customer behaviour dashboard with comprehensive analytics over the in-store customer footfall.
Synapse Scoring assesses the credit scoring of offline retailers analysing performance data only. Several retailers’ cash flow data (gathered through PSD2 API) and customer flow data (gathered through IoT devices installed inside the store) are modelled in order to define the set of probabilities of default at different maturities. Moreover, to induce the store manager to better manage the store and outperform, Synapse tool also includes a customer behaviour dashboard with comprehensive analytics over the in-store customer footfall.
Results
A powerfull fintech tool developed in partnership with AlixPartners that allows financial institutions to assess the credit scoring of offline retailers.
A powerfull fintech tool developed in partnership with AlixPartners that allows financial institutions to assess the credit scoring of offline retailers.