Here at FriendlyScore we are constantly looking for new ways to improve our services and deliver you the most cutting edge solutions. We recently made several improvements to our scores to give you the clearest picture of financial credibility and liquidity yet.
Improvements to the Financial Credibility score:
More accurate than ever
We have refined our financial credibility scorecard to include the most relevant open banking-based predictors to date. This means you can assess the creditworthiness of an individual or business with more precision than ever!
Scores are great, but scores which can be easily interpreted are even better! That’s why we have revamped our reason codes to be as descriptive and transparent as possible. This includes revised descriptions of existing reason codes, and additional reason codes for the new scorecard predictors.
API availability for reason code descriptions
All reason codes as well as their full descriptions are now available via the API. This will enable you to instantly receive any future updates to reason codes.
Improvements to the Liquidity Score & Balance Forecast
A boost in power
We have implemented a brand new liquidity model which uses the latest deep learning tools to provide you with the most accurate representation of customer liquidity yet. Since this model also underpins our balance forecasting tool, you are also getting the same boost in power for our balance predictions!
Thanks to the power of our new modelling tools, our existing 30 day balance predictions have now been extended to 90 day forecasts! These are available in both the Customer Dashboard and API.