SYDNEY: AppsVillage Australia Ltd, a SaaS solutions provider for small and medium businesses, signed an agreement with a leading B2B credit risk analytics company Credit Risk Community, Inc. (CRiskCo) to integrate its credit risk analysis technology into the AppsVillage Capital platform.
This integration will enable AppsVillage to use accounting data analytics and artificial intelligence (AI) to provide advanced customer risk analysis, reduce underwriting time and cost, detect fraud and predict future credit failures ensuring real-time information when approving funding applications.
The integration of CRiskCo represents a significant step towards AppsVillage delivering on its growth strategy to become a leading SMB growth solutions provider with a technology and fintech product.
AppsVillage will integrate CRiskCo into the microfinance application section of its platform, allowing the APV platform to provide credit analysis on loan applications from its existing database and new SMB’s. This is planned to drive a higher rate of success in microfinance funding and ensure AppsVillage maximises its revenue generating potential from SMBs customers.
Following the launch progress of the Company’s full microfinance offering, this step will ensure AppsVillage achieves minimal bad-debt and late or delayed payments from its independent microfinance customers.
Edited by Kazim Rizvi