CreditRiskMonitor has updated its popular PAYCE® Score, now with greatly expanded private company coverage and an uplift to 80% accuracy in predicting all declared bankruptcies.

Read this in-depth white paper to learn more about CreditRiskMonitor’s proprietary FRISK® score, how it works and why it’s so accurate.

Our new AI-driven, Financial Analyst Strength Test (FAST) Rating provides an indicative financial risk assessment for businesses with limited financial information. This model leverages Reinforcement Learning from Human Feedback (RLHF), a type of machine learning, to deliver rating accuracy and consistency. It provides coverage on 3.5+ million international private companies across Europe and Japan. 

Updating CreditRiskMonitor’s Confidential Financial Statement Solution (CFSS) FRISK® Score model has led to higher capture rates of bankruptcy in private companies, with a remarkable upward spike in captures on applicable companies with high-risk FRISK® Scores.

Read in-depth how crowdsourced intelligence is used to enhance the FRISK® Score, increasing both the timeliness and accuracy of the bankruptcy model.