This post is part of our live coverage of FinovateEurope 2015.
Next, Quantitative Credit Research demonstrated RiskAware:
RiskAware was developed based on the lessons learned from the financial crises. RiskAware can analyze and measure corporate credit risk quicker and better than existing practices.
RiskAware forecasts corporate defaults on a one-year term with close to 90% accuracy rate. New methodology includes the introduction of the macro environment into credit risk analysis and the simulation of 32 macro scenarios for each loan and borrower.
Presenters: CEO and Founder Tamas Varkonyi and CTO Sandor Kocso
Product launch: March 2014
Metrics: 4 partners, 5 employees, operation in United Kingdom and Central Europe
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed