Posts Tagged: open accounting
5 most common risks in the credit granting process
Given that it is a factor outside the control of financial institutions and has the potential to significantly impact how the organization operates, the granting of credit is not risk-free. From 2015 to 2021, the companies…
- Oct 12
CRiskCo FinScore – Model White Paper
Model White Paper CRiskCo’s FinScore is a credit score, which is a statistical measurement that helps businesses and credit providers make better credit decisions. It is well established that the use of credit scores…
- Sep 20
Key Financial Indicators to Analyze in Your Company
Financial indicators are a set of values that relate to a company’s income and expenses, final result, and economic position. These figures reveal the true state of the company, allowing strategic decisions to be made….
- Sep 08
Step by step: The credit granting process
Credit granting is the process by which a client receives a loan and a certain amount of money is credited to his bank account. To successfully carry out this process, financial institutions must maintain data and…
- Sep 08
Credit Score and Credit History: Are They the Same?
Credit score and history are key concepts that appear when people or businesses seek financing and are evaluated by the financial institution, so it is critical that both concepts are thoroughly understood. That is why,…
- Sep 04
The importance of cybersecurity in the financial industry
The financial environment, thanks to fintech, is driving service digitization with increasing force. Given the consequences of a data or system breach, cybersecurity is one of the sector’s primary concerns. In accordance with the foregoing,…
- Aug 09
What are the benefits of financial data in business?
Analyzing financial data is critical for businesses to detect specific details in their structure in economic terms and avoid scenarios of complexity in managing their finances. Understanding this data is also important for credit institutions…
- Aug 07
Open Accounting: What You Need to Know
Open accounting, by integrating the accounting system of companies under a single platform, is an opportunity for financial entities to have a source of current and reliable data when it comes to delivering loans to…
- Aug 04
CRiskCo Now Operating in Israel & Credit Report Insights
Newsletter July 2022 CRiskCo now live in Israel! Bank Hapoalim and CRiskCo have partnered to conduct a Proof of Concept on how Open Accounting technology can be adopted to the Israeli market to increase business owners’ access to credit. The…
- Jul 18
Financial ratios to evaluate a company’s performance
A ratio (division) between two linked elements in a company’s financial accounts is referred to as a financial ratio. Its goal is to compare and quantify magnitudes objectively in order to better visualize corporate performance…
- Jul 11