Creates a risk profile from the merchant application and third-party data sources.
Scores each merchant against a complex scoring method.
Approves or rejects merchants based on your business’s unique risk tolerance.
Recommends which applications to take a closer look at before receiving manual underwriter approval.
Includes Know Your Customer (KYC) and Anti-Money Laundering (AML) due diligence needs.
Know the identity of the merchant and business owners.
Confirm the business your merchant is really involved in.
Ensure the business is a bona fide business.
Determine if the merchant fits the financial constraints of your business.
Evaluate the level of risk associated with the merchant.
Hear why Silicon Valley Bank, Cayan, and Bridgestone think that Agreement Express is the right way to automate a large portion of underwriting with the Risk Scorecard. Maximize merchant approvals and allow the underwriting team to focus only on the important and potentially risky customers.
The FinCEN Final Rule makes it mandatory to conduct customer due diligence on up to four beneficial owners. Read about how Agreement Express automates this process.Learn More
With innovative fintech companies approving your customers in minutes, you can't afford not to have a digital, automated underwriting process. Find out how we can help you underwrite merchants faster and maximize revenue. Schedule a call and let's talk!
We'll be in touch soon.