Name: CreditRobo
Price: 500 USD
Author: AdviceRobo

Help Desk

Web and Video Conferencing

Customer Support

Flowchart

Text Editors

Version Control

Development

School Management

Education

Business Intelligence (BI)

Calibration Management

Collaboration

Enterprise Search

Meeting Management

Enterprise

Accounting

Accounting and Tax Services

Anti-Money Laundering (AML)

Cryptocurrency Wallets

Financial Research

Financial Risk Management

Hedge Fund

Tax Compliance

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Monitoring

Employer of Record (EOR)

HR Management

International Payroll

On-Demand Payment

Payroll

Resume Parsing

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Business Process Automation

Cloud Data Warehouse

Cloud Storage

Complex Event Processing

Component Content Management

Data Governance

Density-Optimized Servers

Fraud Detection

Hosted Virtual Desktop

Integrated Development Environment (IDE)

Integration Platform as a Service (iPaaS)

Metadata Management

Network Performance Monitoring

Network Traffic Analysis (NTA)

Product Implementation Services

Test Management

User Activity Monitoring

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Customer Loyalty Program

Email Marketing

Location Intelligence

Marketing Automation

Referral Marketing

Search Marketing Intelligence

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Transcription

Professional Services

Customer Relationship Management (CRM)

Sales

Data Loss Prevention

Data-Centric Audit Protection (DCAP)

Operational Technology (OT) Security

Security Information and Event Management (SIEM)

Security

Awards Management

Car Rental

Construction Accounting

Legal Research

Retail Execution

Vertical-Specific

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CreditRobo is an AI-powered solution offered by AdviceRobo that aims to enhance risk assessment and personalized marketing decisions for financial institutions. According to the vendor, this product combines psychographic profiling, behavior-based credit scoring, data aggregation, and artificial intelligence to provide valuable insights into the financial behavior of consumers and small and medium-sized enterprises (SMEs). It is designed to cater to professionals in the banking, lending, insurance, and financial services industries, and is suitable for financial institutions of all sizes, including banks, lenders, and micro-credit platforms.

## Key Features

**Financial personality profiles**: According to the vendor, CreditRobo offers financial personality profiling that utilizes open data gathered during the online application process, such as open banking data, psychometric data, and digital footprint data. The aim is to create dynamic customer profiles and scores that combine affordability, personality, and digital identity.

**Data collection tool**: The vendor states that CreditRobo provides a low-tech, easy-to-integrate frontend tool for seamless, automated (near) real-time data collection. It collects and normalizes data from various sources, including proprietary data such as psychometric and digital footprint data, to provide customer insights and profiling.

**Platform**: According to the vendor, CreditRobo's cloud-based platform, connected via API, collects open data derived from customer behavior during onboarding and other sources such as open banking data. It runs prefab champion models, builds and deploys marketing and risk models, and provides scores and profiles for application within the institution's risk appetite. Institutions can also build and deploy their own models, including the use of synthetic data to solve asymmetry.

**Underwriting transformation**: The vendor claims that CreditRobo helps institutions transform their underwriting processes from traditional to continuous underwriting. By leveraging real-time data and predictive analytics, institutions can make more informed and accurate underwriting decisions, potentially improving efficiency, reducing risk, and allowing for more dynamic and personalized credit assessments.

**Churn prediction**: According to the vendor, CreditRobo provides churn prediction models to help institutions reduce customer churn. Based on customer behavior, these models give insights into the likelihood of churn, enabling institutions to take preventive actions such as special offers and targeted services to promote retention. This proactive approach may help institutions save costs, increase margins, and improve customer satisfaction.

**Understanding customer behavior for risk detection**: CreditRobo utilizes data and AI to predict consumer behavior and reduce risks of fraud, claims, and churn, according to the vendor. By analyzing and interpreting big data from various sources, institutions can potentially detect and mitigate risks more effectively. This includes assessing customer financial personality, evaluating psychometrics, and collecting and analyzing data on customer behavior and preferences.

**Marketing profiling**: According to the vendor, CreditRobo helps institutions gain better understanding of their customers through data-driven marketing profiling. By aggregating and analyzing data from various sources, institutions can gain insights into customer behavior, preferences, and risk profiles. This information can be used to develop more effective marketing strategies, campaigns, and personalized offers to increase customer value.

**Data-driven channel strategies**: CreditRobo combines internal and external data to provide insights into the most effective channel strategies for different customer segments, according to the vendor. By optimizing channels based on customer behavior and preferences, institutions may potentially improve customer satisfaction, operational efficiency, and overall profitability.

Basic

CreditRobo

Loan Servicing Software automates the loan lifecycle from origination, credit decisioning, payment processing and collections, to accounting and reporting.

Loan Servicing

AdviceRobo

Loan Workflow

Tools used by loan origination and servicing and servicing agents to streamline their workflows.

Loan Document Management

This feature allows users to store, manage, and track all loan-related documents, ensuring compliance and efficient processing.

Loan Workflow Automation

This feature helps to automate various stages of the loan process, improving efficiency and reducing manual errors.

Loan Software Integrations

This feature allows lenders to access credit reports and scores from major credit bureaus, aiding in the credit assessment process, and integrate with CRM tools and third-party databases to manage borrower relationships.

Loan Reporting and Analytics

Allows users to generate various reports and analyze data related to loan origination and servicing, helping to make informed decisions.

Financial Reporting and Compliance

Financial statements and regulatory filings

Management Reporting

Tools facilitating creation of internal ad hoc or standard reports.

XBRL support for regulatory filing

Support for the XBRL standard reporting format for exchanging financial data.

Excel-based Reporting

Ad hoc or formatted reports using MS Excel.

Data Security

Tools and features that help keep data secure from unauthorized access or internal exposure.

At-Rest Data Encryption

Data at rest is encrypted, requiring decryption to read the underlying data.

In-Transit Data Encryption

Data is transmitted in an encrypted state, preventing interception of raw in-flight data.

In-Use Data Encryption

Data remains encrypted even when stored in non-persistent storage (RAM, CPU caches, and CPU registers). This prevents access to data through malware on an individual device.

Data Redaction

The product's capability to return redacted data in place of actual data when queried. For instance, a redacted query for the phone number 555-5555 could return ***-**55.

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Loan Servicing Software

CreditRobo

Overview

What is CreditRobo?