Cognitive Engagement as a Predictor of Success
To power lending by financial institutions, we use alternative data and innovative technology. Our application collects and analyzes non-traditional information about borrowers to better forecast their likelihood of default. Financial institutions are traditionally good at analysing capacity, capital, collateral and conditions in the classical 5Cs model of credit appraisal. But they find it difficult to assess the character aspect of the 5Cs. Capacity, capital and collateral indicate the borrower's 'ability to pay', these factors are unable to indicate the 'willingness to way' side of the borrower. Cognitt BCS steps in to fill this gap and forms a credible tool to quantify character.