General Financial Insights (GFI) is a technology solution designed to evaluate the creditworthiness of individuals using alternative data such as psychographics, smartphone metadata and bank transactional data. GFI uses AI, machine learning, behavioural science, and psychometrics to estimate credit risk and guide loan recovery. These features can help lenders identify potential risks and make more informed lending decisions, which can reduce the likelihood of default and improve the overall performance of their loan portfolio.
GFI is an outcome-based credit risk assessment system that uses deep learning modelling which allows it to estimate optimal loan amount, optimal interest rate as well as personalises monthly payment for each customer which will guide payment recovery. These advanced features of self-learning and self-adaptability algorithms in the GFI engines and platform enable detection of extreme changes in the psychological attributes of customers especially in times of extraneous stress such as a pandemic, natural disaster, conflict or political instability.
By using GFI, lenders can offer business financing to individuals with “thin-file” issues such as women, youth, gig workers, etc. GFI scores can be used by lending institutions to make better decisions about whether to grant loan to prospective borrowers.
Improved accuracy in evaluating credit risk, leading to reduced losses from bad loans.
More efficient credit assessment, leading to faster loan approvals and improved customer experience.
Actionable insights and recommendations based on advanced data analytics, helping you make smarter lending decisions.
Improved regulatory compliance, as GFI can help to ensure that lending decisions are made in a fair and transparent manner.
Better risk management practices including for credit guarantee schemes, leading to greater financial stability and resilience for your lending business.