Innovative Assessments

Company Overview

Snapshot

Founded in October 2015 by Andrew Fine and Benny Ben Ami, Innovative Assessments operates with 1–10 employees. The company develops psychometric credit scoring solutions, notably highlighted by its partnership with Ferratum Bank in June 2017 to promote financial inclusion.

Business overview

Innovative Assessments develops Worthy Credit, a proprietary platform designed to assess creditworthiness using psychometrics. This technology measures personal competencies related to consumer debt psychology, augmenting traditional credit scores. The company's solutions help lenders approve more loan applications for the underbanked, reduce defaults, and personalize customer interactions. Innovative Assessments primarily serves the Fintech & Insurtech sector, focusing on lending and financing, and targets financial institutions and banks globally.

Strategic signal

In April 2019, Innovative Assessments partnered with Deloitte to enhance credit scoring for the underbanked, signaling a strategic move to integrate its psychometric assessment technology with established financial advisory services. This collaboration indicates a growing recognition of alternative credit assessment methods within the industry and positions Innovative Assessments to expand its reach and impact in addressing financial inclusion challenges.

Company Intelligence Q&A

What is Innovative Assessments' core product?

Innovative Assessments' core product is Worthy Credit, a proprietary platform that uses psychometrics to assess creditworthiness based on a borrower's character and personal competencies.

Which markets does Innovative Assessments serve?

Innovative Assessments serves global markets, providing its psychometric credit scoring solutions to financial institutions and banks.

When did Innovative Assessments partner with Ferratum Bank?

In June 2017, Innovative Assessments partnered with Ferratum Bank to promote financial inclusion by leveraging its credit assessment technology.

What was the nature of the partnership with Deloitte?

In April 2019, Innovative Assessments partnered with Deloitte to improve credit scoring mechanisms specifically for the underbanked population.

When did SelFin partner with Innovative Assessments?

In April 2020, SelFin partnered with Innovative Assessments to help increase credit access for Indian MSMEs.