Borrower Screening

CashMarket's top notch borrower screening process is one of the most advanced in the industry. It is fully digital and automatic, and it gives us reliable information about applicant's ability to pay back his/her loan. Process takes only seconds and includes automatic IBAN retrieving: user does not need to input IBAN on the loan application which makes it easier to apply loan on the move. 

 

Below is a flow description and roles between CashMarket and local partner.

Credit bureau data

CashMarket

ENTRIES ON CREDIT REGISTER

 

Real time access to local credit bureaus allows us to check possible entries and risk class. 

IBAN source data

CashMarket

BANK TRANSACTIONS

 

We will retrieve applicant's bank transaction data from previous months. 

Data categorizing

CashMarket

BANK TRANSACTIONS

 

Categorizes transactions in a form it can be easily analyzed by an automated engine. 

Positive credit register

Partner

BEHAVIOR DATA

 

If such database is available, retrieving behavior data from customers' previous loans.

Collection data

Partner

BEHAVIOR DATA

 

If such database is available, retrieving invoicing status data regarding customers' previous loans.

Dynamic scoring  

Partner

BIG DATA

 

External scoring results - customer list and behvior anayses maintained by partner who’s core is scoring.

INHOUSE SCORING ENGINE

CashMarket

SUMMARY AND DECISION

 

Receives data from 1-7 and makes an instant credit decision.