Current account analysis is a standout feature of our credit assessment process and is regulated by PSD2. This was developed internally to help our analysts fully understand the state of the company and go further than traditional financial statements allow. The system is based on artificial intelligence and machine learning, which give it the ability to label and create clusters of all account movements (such as receipts from customers, vendor payments, etc.) automatically. This allows us to manage multiple bank accounts and provide a specific machine learning solution for major Italian banks. We use labels and clusters to classify movements for multiple purposes, including:
- Cash-flow assessment with the Financial Statement, calculated using the direct method.
- Extracting evidence and anomalies from account movements that may predict SME default probabilities. Our system instantly informs us about salaries, taxes, receivable and payable accounts, customer portfolio concentration, etc.