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Value you can count on

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Faster decision-making

Speed up the approval process by automating credit risk assessments, allowing you to make quicker lending decisions.

Cost reduction

Automating the screening process can reduce the need for manual underwriting and credit checks, saving time and cost.

Enhanced portfolio management

Monitor borrowers' credit profiles to identify signs of financial distress and take appropriate action proactively.

Regulatory compliance

Stay on top of relevant regulations and ensure lending practices align with legal requirements.

Our customers save so much time on admin when they apply to be matched by us. It’s quick and easy for them - and for us. We use FullCircl's information to accurately assess customers’ risk. And, with the level of detail we get from FullCircl we’re able to fine-tune the matching and connect our customer with a provider that suits their profile.

Katie Ball
Fmr. Business Finance Specialist at Funding Options
Features

FullCircl credit risk screening capabilities

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Assess customer creditworthiness

Access credit reports, credit scores, and other financial information to assess a customer’s creditworthiness and financial health.

Data quality and accuracy

Maintain data integrity with accurate and up-to-date information.

Experian Commercial Delphi score

Make informed decisions with the latest and most accurate Commercial Delphi score from Experian.

Notifications

Get notified of any changes to a customer’s credit status.

Key Features

Screening
Experian Commercial Delphi score

Credit and risk data

See our credit risk capabilities in action

Experience FullCircl's capabilities first hand. Sign up for a demo today and see how FullCircl empowers your business to attract ideal customers, streamline onboarding, and foster lasting relationships.

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Learn about Credit Risk Screening

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Feel free to ask us questions at hello@client-first.com

What is credit risk screening?

Credit risk screening assesses a borrower's creditworthiness to predict the likelihood of loan default, helping lenders make informed decisions. Automated credit risk screening pulls in data from various sources to ensure that businesses are provided with a holistic view of the financial health of their customers.

What are 3 types of credit risk?

The three types of credit risk include: Default risk - the probability of a borrower failing to repay a loan. Credit spread risk - the potential for changes in market interest rates to affect the value of a loan. Concentration risk - the risk of heavy exposure to a single borrower or industry.

How to calculate credit risk?

Credit risk is calculated using various methods, including credit scores, financial statement analysis, and risk models. Key factors considered include payment history, debt levels, and economic conditions. Businesses can then utilise this information to decide on whether a customer can afford credit.

What are the benefits of credit risk screening software?

There are numerous benefits to credit risk screening software. Improved decision making - helps lenders make more accurate and consistent lending decisions. Reduced defaults - identify high-risk applicants, reducing the likelihood of bad loans. Time and cost savings - automates the screening process, streamlining operations and reducing manual work. Compliance - ensures adherence to regulatory requirements and mitigates legal risk.

What is the cause of credit risk?

The cause of credit risk can be attributed to several factors and circumstances including, but not limited to: borrower default, creditworthiness, economic factors, interest rate fluctuations, regulatory changes. To mitigate credit risk, businesses employ credit risk screening to identify and manage potential credit risks proactively, ultimately reducing the likelihood of defaults and financial losses.

How is credit risk a cause of banking crises?

Credit risk can cause banking crises by triggering a chain reaction of financial instability, reduced lending capacity, loss of confidence, and adverse economic consequences. This is why effective credit risk screening and management are essential for financial institutions and regulatory bodies to mitigate the potential impact of credit risk on the stability of the banking system.