MiTigate risks and open doors
Tap into a market of millions of unbanked and credit-unaware customers with or without a bureau score through psychometrics and reduce your cost of acquisition.
ADMiT offers access to alternate credit scores using psychometric data to mitigate decisioning risks.
The Power of ADMiT
ADMiT is powered by Principa, a company with more than 20 years of experience in the credit industry and active across more than 30 countries. We offer expert consulting and business analytics services, decisioning and collections solutions and now access to psychometric scores to mitigate risks and drive financial inclusion.
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Untapped Markets
Access 15 million credit-unaware customers in South Africa and over 3 billion globally.
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Convert Thin- File Clients
Send your thin-file clients a link to complete their free score and access new customers.
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Voucher-based Credit
Deliver credit in the form of vouchers directly to unbanked users’ 6DOT50 accounts.
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Incentivise Completion
Incentivise potential customers to complete their scores and enjoy preferential access to the results.
Incentive Campaigns
Enjoy preferential access to scoring information through incentive campaigns, significantly reducing your cost of acquisition.
Select the incentive value for a completed score.
Upload a list of users to be incentivised.
Enjoy limited-time exclusive access to scores generated through the campaign.
We will deliver the incentive directly to the user and ensure you receive the scores as soon as they’re available.
Enjoy secure access to your campaign dashboard to monitor results.
Make instant offers
Send qualifying users instant offers directly to their phones.
Confirm your Policy Rules.
Adopt one of Principa’s expert ScoreCards.
Provision immediate offers to qualifying users.
For unbanked customers, send the approved loan value to their 6DOT50 transactional account.
Let’s chat about your specific needs.
Introducing the Dynamic Risk Assessment (DRA)™
The Dynamic Risk Assessment (DRA)™ is an innovative online tool for evaluating credit risk based on cutting-edge behavioural science. The DRA™ is designed to function effectively in environments with limited or no consumer credit or bureau data.
Unlike traditional models focusing solely on affordability, the DRA™ algorithm predicts an individual’s willingness to repay loans. When combined with existing credit scores, it enhances the accuracy of lending decisions. This advanced solution is tailored specifically for the emerging economic marketplace.
Frequently Asked Questions
We’ve worked with our Credit Provider partners to answer some of our most frequently asked questions.
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Yes our research indicates that incorporating the ADMiT solution into your lending decisions could improve acceptance rates by 12%. This allows you to extend credit to more applicants who demonstrate reliable behavioural credit risk profiles.
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Our partnership with 6DOT50 enables lenders to extend voucher-based credit to consumers and provides consumers with a digital way to make repayments via mobile and informal channels. This integration allows you to tap into the unbanked market efficiently, reaching a broader customer base without the need for traditional banking infrastructure.
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The DRA Score has a Gini coefficient of .32, indicating a strong ability to predict defaults. When combined with traditional credit scores, it enhances risk assessment accuracy by 18%, significantly reducing bad lending rates by 7%.
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