iFactor

Company profile

iFactor company profile

The iFactor solution is an ESG oriented proprietary technology that addresses SMEs issues through two channels: First, iFactor has designed a robust AI/ML technology solution and dynamic proprietary modeling, improving the credit risk assessment using a wide range of alternative data, including KYC and AML processes validated by banks. This leads to improved cost efficiency for lending to SMEs while reducing the risk of fraud and default and speed up the process through automation. Turning “Thin file” SMEs into Strengthened Files, for lenders Second, a hybrid marketplace where different lenders (banks, investors and companies) will bid for the right SME loans applications with the right credit score, enabling and improving capital allocation in matching the lender's risk appetite. The KYC and credit risk ratings are performed with the same technology: iFactor Advanced KYC and iFactor Pure Analytics based on Alternative data, while the money transfers are performed by iFactor Setl, our Open Banking PSD 2 or E-money Payment Initiation Service engine.