Many companies supply goods, loans, and services based on business and trade credit, either invoicing customers for payment at a later date or providing B2B loans. Business credit risk management assists companies with lending decisions based on a client's financial health as well as other parameters that may indicate how likely they are to pay on time. Providing the right amount of credit will reduce the risk of late payments or defaults, which expose the vendor to financial risk.
Portfolio management is the management of investments to meet long-term financial objectives.
Today, machine learning models and external data are used in order to help companies and individuals better manage, diversify, and maintain their assets and take on less risk for higher reward.
Today, machine learning models and external data are used in order to help companies and individuals better manage, diversify, and maintain their assets and take on less risk for higher reward. Portfolio management models and use cases include any collection of investment instruments like shares, mutual funds, bonds, FDs and other cash equivalents, etc.
Property value and mortgage value assessment is the estimation of the future value of a particular asset for purchase, insurance, and more.
Unlike most other purchases, real estate tends to rise in value over time. This rise is influenced by economic and social trends, environmental conditions, and on governmental controls and regulations. These large-scale trends directly affect the general demand for property ownership, the scarcity of property for purchase, the utility of the property for potential owners, and the ease at which property rights can be transferred.
Banks, credit unions, credit card companies, insurance companies, stock brokerages, investment funds, and more must report their activities to government regulatory agencies. Following financial crises in the late 2000s, regulatory compliance has become stricter and more onerous on financial services companies like those listed above.
From the stricter need for reporting and the massive amounts of data generated by financial institutions, the regtech industry has sprung up, combining regulatory reporting and big data technology.
Smart building technology arms a building’s component systems with the ability to communicate with each other and with management. Security systems, plumbing, electricity, waste management, temperature control, and more work exchange data constantly in order to improve the comfort and safety of people living or working inside the buildings.
Smart building technology works for both residential and commercial buildings.