Datanomers AI (NLP and ML) big data platform builds the use case: Financial Risk Profiler (FRP) to

Provide leading-indicator credit risk information from the web, summarized in a dashboard, neatly categorized in multiple tabs
Automate credit risk assessment for commercial underwriting
Quicker, consistent and better loan outcomes
Cloud-based solution with fee based on monthly transactions

Web data has latest info on credit, leading-indicator -> complements core financials.

How does FRP differentiate:

Credit Bureaus web data delayed by manual screening, no longer fresh and latest
Startups geared towards stock equities, hedge funds, asset managers -> provide financial information from limited number of curated web sites
FRP provides financial information from a billion web sites (social media, news reports, govt registries, SME website, etc) -> very importantly, adds further value by extracting business intelligence from data to better predict loan outcomes -> intelligence made actionable

Vision for FRP: democratize access to capital, especially for SMEs -> complements the thin financials, with web data, to lend to more, without increasing risk.

Milestones for FRP: 5 banks (BMO, AmEx) and FinTechs (Fundation, Quarterspot) are customers.

Banks need FRP to lend to SMEs with confidence – loan origination and portfolio monitoring:

Underwriter Productivity: Get latest information from billions of web sites about credit risk, neatly categorized for ready consumption -> eliminates keyword-based search engines that hit you with spam -> 10-15% increase in underwriter productivity

Reduce Defaults: Extract predictive intelligence from textual data by combining it with financials -> customized ML model to reduce defaults 5-15%, lend more with same risk -> actionable intelligence

Very easy to trial, no bank IT effort -> transmit anonymized data, we return results

Easily deployable and scalable on the cloud (e.g. Azure VMs, Azure Load Balancer, etc.).

Financial Risk ProfilerDatanomers

Financial Risk Profiler

Datanomers

Financial Risk Profiler

Datanomers

Financial Risk Profiler
Datanomers