Company Overview
Snapshot
Founded in October 2015 by Andrew Fine and Benny Ben Ami, Innovative Assessments operates with 1–10 employees. The company develops psychometric credit scoring solutions. In June 2017, Ferratum Bank partnered with Innovative Assessments to promote financial inclusion.
Business overview
Innovative Assessments develops Worthy Credit, a proprietary platform that accurately assesses creditworthiness based on a borrower's character. The platform measures personal competencies related to the psychology of consumer debt to augment traditional credit scores. Worthy Credit provides an added layer of analytics for lenders to approve more loan applications among the underbanked, reduce defaults, and personalize services for current accounts. The company operates in the Fintech & Insurtech sector, specifically within Lending & Financing, and serves financial institutions, including banks, globally.
Strategic signal
In April 2020, SelFin partnered with Innovative Assessments to help increase credit access for Indian MSMEs. This collaboration highlights the growing demand for alternative credit scoring methods in emerging markets and signals Innovative Assessments' ability to adapt its psychometric platform to address financial inclusion challenges for small and medium-sized enterprises.
Log in to access full profile ›Company Intelligence Q&A
- What is the core product offered by Innovative Assessments?
- Innovative Assessments offers Worthy Credit, a proprietary platform that uses psychometrics to assess creditworthiness based on a borrower's character and personal competencies, augmenting traditional credit scores.
- Which company partnered with Innovative Assessments to promote financial inclusion?
- In June 2017, Ferratum Bank partnered with Innovative Assessments to promote financial inclusion using its psychometric credit scoring technology.
- How is Innovative Assessments addressing credit access in India?
- In April 2020, Innovative Assessments partnered with SelFin to help increase credit access for Indian MSMEs by leveraging its psychometric assessment tools.
- What was the focus of the collaboration between Deloitte and Innovative Assessments?
- In April 2019, Deloitte and Innovative Assessments collaborated to improve credit scoring specifically for the underbanked population, aiming to enhance financial inclusion.
- What was the subject of the Wall Street Journal article mentioning Innovative Assessments?
- In October 2017, The Wall Street Journal published an article titled 'A Missing Piece in China's Economy: Consumer Credit Ratings,' which featured Innovative Assessments' work in credit assessment.