Build a strategic advantage with alternative data insights
Challenge
Vehicle financing is a growing asset that implies operational challenges when it comes to facing default or fraud.
For instance, vehicle leasing companies have to follow accurately the performance of their portfolio by detecting potential risk of churn early on.
Otherwise, their operational cost to retrieve the vehicle impacts negatively their balance sheet and creates frictions to achieve their desired performance.
Solution
Updating customers income data on a frequent basis improves dramatically your default detection models.
Indeed, for companies leasing cars to Uber drivers, running daily performance checks is critical to anticipate a potential churn and avoid all of the heavy operational steps that it implies.
Moreover our scoring engine pushes for better applicant selection, organically reducing the default rate.
EVERY TOOL YOU NEED
How to use alternative data for asset-based financing
Grow your business by successfully underwriting workers from different backgrounds. Build better financial products with verified income data directly from the source.
