Idea Financial Partners with Explorium to Prescreen Loan Applicants; Cuts Data Expenses by 50%
Idea Financial Partners with Explorium to Prescreen Loan Applicants; Cuts Data Expenses by 50%
2 Pageswww.Explorium.ai Idea Financial Partners with Explorium to Prescreen Loan Applicants; Cuts Data Expenses by 50% 50% reduction in data acquisition costs Applying acceptance criteria early, curtails process with ineligible applicants and the need for additional data 2X the amount of loan applications processed without increasing headcount Data team builds and develops new models – from prototyping to production – in a single day, instead of weeks IMPACT SUMMARY U.S. online commercial lender Idea Financial provides small businesses with loans and lines of credit of up to $250,000 for equipment, personnel, expansion, and more. The company utilizes Explorium’s External Data Platform to access data that streamlines pre-screening and enables accurate determinations about credit-wort
