GFI results can be used by lenders to make informed decisions to lend to prospective borrowers without a credit history. Every prospective borrower becomes the source of data for producing the risk assessment. GFI does not depend on costly integration common to other alternative credit scoring methodologies using mobile phone and internet data.
GFI is a credit risk assessment system that applies both psychometrics and behavioural sciences to estimate the risk that an individual will default on a loan. GFI results can be used by lenders to make better decisions about whether to grant loans to prospective borrowers by collecting predictive data about borrowers that are not likely to be otherwise available to lenders. Currently, there are two variants of GFI; GFI-Mikro for business financing under RM 50,000 and GFI-SME tailored for which amount is more than RM 50,000. Using psychometric techniques and artificial intelligence technologies, such as facial recognition and machine learning, GFI uses individuals’ aptitude, personality, and behaviour to arrive at a well-informed measure of credit risk. It helps financial institutions to better understand their small and medium-sized enterprise customers’ credit behaviours and associated risks, thus identifying new customers with whom they can form rewarding business relationships without worrying about loan defaulters.
Customisable Dashboard & Automated Process
GFI offers multiple dashboards accessible over the internet for easy monitoring of progress, anytime and anywhere. The dashboards allow lenders and other stakeholders to view GFI results and can be customised according to users’ needs.
GFI provides automated reports for prompt decision-making. Results are presented in an easily understood format. The advanced cognitive technology of GFI enables results and automated analysis to be readily integrated with existing systems and customer databases through a secure platform.
Quick & Reliable Decision Making
GFI takes the loan applicant through a series of scenarios and questions using an uncluttered and straightforward interface that is secure. A credit risk assessment is made within seconds after all items have been answered. By increasing speed while reducing risk, GFI can improve a lender’s operational efficiency and profitability.
GFI meets internationally accepted assessment standards and is designed in accordance with recognised principles of good practice in psychometric testing. GFI can be configured to cater to loans depending on your institution’s structure.
Multilingual & User Friendly
GFI is currently available in English, Bahasa Malaysia, and Mandarin. It can be developed in other languages as well, depending on the needs. Moreover, the application is optimised for mobile phones, tablets, and PCs, and is easily accessible whenever needed. Lenders will be able to view and retrieve GFI scores using a unique interface.