What Can Our “Credit Worthiness” Feature Do For You?
Hello Adhere Community, Welcome to another edition of “In the Loop with Adhere.” In this week’s edition, we’re excited to let you know that Adhere now has a new feature, “ Credit Worthiness ”. Just last year, the global speculative-grade default rate rose to 3.9% , up from 3.7% in 2023, indicating increasing credit risk in the market, and lenders, fintechs, and credit-granting institutions are under increasing pressure to make quick decisions, yet, the risks of overextending credit or misjudging an applicant's reliability can be severe, leading to defaults, losses, and compliance challenges. Also, Traditional credit assessment models often fall short, relying heavily on outdated or incomplete information. Introducing Credit Worthiness With Adhere by Smartcomply The Credit Worthiness feature helps businesses to go beyond surface-level credit checks. By using advanced algorithms and multi-layered data analysis , it provides a comprehensive view of an individual or business’s f...