BLACKbox Analytics Information

In the ever expanding market of consumer lending there has been a void in comprehensive decision making engines and analytic tools. Most off the shelf products have either been one dimensional or are too costly for many organizations. This forces businesses to use inaccurate antiquated predictors in order to extend lines of credit to unqualified individuals or to not capture qualified consumers due to rigid matrices. This will all change with the introduction of BLACKbox’s Consumer Analytics and Risk Assessment Tool (CARAT) into the marketplace. BLACKbox assesses the risk of potential customers by collecting hundreds of data points from industry leaders in credit profiling and risk analysis. BLACKbox adds to their knowledge by not only compiling their data points but also adding to them. This is done over time through statistical analysis of not only external data but internal data as well. The notion that no one knows your customers better than you is a core concept to BLACKbox. That is why collecting internal customer data regularly is essential to the functionality of BLACKbox. This can be done either by manual uploads or by live data feeds. This ensures that your data and analysis are always up to date and the system is making the best decision that is possible.