How it works
Credix factoring solution employs a multilayer framework of credit risk assessment.


Innovative
i) The first layer includes a risk analysis of a specific transaction that is requested for financing. A variety of data sources are used: invoice data, open banking, a credit bureau. To read and interpret data AI methods and machine learning algorithms are used.

Low risk
ii) The second layer is the determination of the applicant's creditworthiness. For that purpose, Credix solution calculates the applicant's GOscore - a credit scoring developed by Scorify. GOscore is developed using a logistic regression function employing data from a variety of sources: company profile data, financial statements data, financial obligations, credit history, applicant's management’s reputation, and involvement in other business activities. GOscore has 81% GINI.


Cost effective
iii) The third layer is the risk assessment of the applicant's counterparties - debtors. For that purpose, GOscore model and various data are used as well.
This multilayer approach provides factoring companies with a complete understanding of specific factoring application's credit risk and enables them to speed up the decision process and at the same time assure low credit and operational risks, and optimize the costs.





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Tel: +37061138379
Olimpiečių st. 1A-24, Vilnius