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Launching inriskable 1.4 Enterprise - AI enhancemnt for credit risks evaluation with alternative data
Published on 12 Dec 2023
Hong Kong, 12 Dec 2023 - InRiskable is proud to announce the launch of inriskable 1.4 Enterprise. This major upgrade is designed to enhance our AI capabilities in successfully identifying credit-related events using alternative data sources. The latest version, inriskable 1.4 Enterprise, focuses on two key areas to provide improved credit risk evaluation:
"Our goal with inriskable 1.4 Enterprise is to provide financial institutions with cutting-edge AI-driven solutions that revolutionize credit risk evaluation, by leveraging alternative data sources and advanced algorithms, we aim to enhance decision-making processes and empower our clients to navigate credit risks more effectively."
Upgrade 1 - Early Credit Warning System for SMEs Credit History With Adverse News and Litigations
Inriskable has developed an early credit warning system that specializes in detecting litigations associated with the credit history of small and medium-sized enterprises (SMEs). By leveraging advanced AI algorithms, our system can identify potential credit risks at an early stage, empowering financial institutions to make informed decisions and take proactive measures to mitigate potential losses.
Upgrade 2 - Monitoring System with Real-time Negative News and Court Case Alerts
To ensure continuous risk assessment, inriskable 1.4 Enterprise incorporates a robust monitoring system that automatically refreshes with the latest negative news and court case updates. This system operates on a periodic basis and employs AI technology in the backend to screen vast amounts of information. It assigns risk levels to identified events and promptly alerts users with warnings and alerts as new risks emerge. This proactive approach enables financial institutions to stay ahead of potential credit risks and adapt their strategies accordingly.
Conclusion
Inriskable 1.4 Enterprise marks a significant milestone in the evolution of credit risk evaluation, offering an unparalleled level of accuracy and efficiency. This latest release reinforces inriskable's commitment to innovation and delivering state-of-the-art solutions to the financial industry.
Written by Kenyon Wong
CTO, Co-Founder of Inriskable