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1 year ago

How has technology helped systems of lending and borrowing to reach the masses?:

English

1 answer:

grin007 [14]1 year ago

6 0

Explanation:

Financial statements not required

Quarterly forecasts projected for each of 8 future quarters Self-correcting mechanism adjusts for previous deviations from actual default rates

PayNet reduces your lending risk by providing an absolute measure of credit risk at both the borrower and portfolio level on

millions of small businesses for which financial statements are not available. PayNet's AbsolutePD product provides the only

probability of defaults for private companies by geographic regions, industry sectors, and loan exposures.

PayNet AbsolutePD provides a consistent, transparent and objective loan management process mandated by management, auditors, regulators CEO's and investors. PayNet AbsolutePD:

•Rates millions of private companies for which current and/or reliable financial statements are not available

Aids in the improved estimation of loss reserves and determination of economic or regulatory capital

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How has technology helped systems of lending and borrowing to reach the masses?:​

How has technology helped systems of lending and borrowing to reach the masses?: