Innovative Assessments

growth-negative

The article discusses the need for financial institutions to rethink their credit analysis methods in light of the COVID-19 pandemic. The current system of evaluating creditworthiness based on historical data is deemed inadequate in the post-pandemic era. Dan Ariely, an expert in behavioral economics, and Saul Fine, founder of Innovative Assessment, have developed a new psychometric credit model that takes into account psychological factors in predicting debt repayment capacity. This model has been piloted by some Brazilian fintechs to include unbanked individuals. The article emphasizes the importance of granting more credit to small businesses as a means of economic recovery. The traditional credit scoring system is criticized for its inability to accurately assess creditworthiness in the aftermath of the pandemic. The article suggests that the psychometric credit model could be an alternative solution, particularly for unbanked individuals. The date of the event described in the article is not provided.

Neutral

The article is a list of episodes from BBCs People Fixing the World series. The series covers a wide range of topics, from innovative solutions to climate change, to the use of technology in various fields. One of the episodes discusses how an online test and a phone might be able to help some people with their finances. However, the article does not provide any specific details about the companies, investments, acquisitions, or partnerships involved in these innovations.

growth-positive

SelFin India Financial Services has signed a partnership agreement with Innovative Assessments International to improve the financial inclusion of micro-enterprises in India. SelFin will incorporate Innovative Assessments psychometric analysis into its risk assessment methodology to enable credit access for micro-enterprises. The partnership aims to serve Indias 60 million micro businesses by providing new data for financial inclusion.