In addition to providing technology for online applications, we also provide technology for banks to internally streamline the process.
Once an application is submitted through our online application portal, Akouba starts to build a story around the business. Our small business origination platform is designed to let you see the who, what, why and where of the business that is applying. We use information from the application and suppliment it with 3rd party data then point out areas that need your special attention.
Once you know the basics of the company, your underwriters can go into the financial analysis that manifests on our system as a credit risk rating. This is simply the organization of the factors that you are usually looking at into. What we call dimensions, often times they are referred to the 5 c’s. Your bank has complete control over what these dimensions are and the weighting of them for the overall score that is assigned to the application.
read more →