23 April 2024
Why do you need a Categorization as a Service provider?
Risk assessment has been evolving in the last few years; however, the core principles haven’t changed. These are stability and ability to pay, boosted by the availability of data and improved processing capabilities. During the COVID-19 pandemic, the need for more accurate and real-time customer data turned out to be more crucial than ever. This is where CaaS (Categorization as a Service) may be a missing puzzle. It simplifies the transactional data provided by the bank to better understand customers’ incomes and expenditures.