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 Also, Traditional credit assessment models often fall short, relying heavily on outdated or incomplete information.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 financial health.

Our system evaluates key financial indicators such as:

  • Credit history.

  • Current income.

  • Debts.

  • Repayment behavior patterns over time.

Our Credit Worthiness feature is powered by an advanced algorithm, combining AI, compliance intelligence, and fraud detection into a unified platform. This ensures that credit assessments are not only robust, but also aligned with fraud prevention and KYC best practices, all in real time. This helps businesses make informed quick, smart and accurate lending and credit decisions.

To get started with making informed credit/lending decisions or learn more about Adhere by Smartcomply’s features, visit adhere.smartcomply.com

Or contact our customer success team directly;

Email:adhere@smartcomply.com

Phone contact: +234 8183714383, 08133262024

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