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“We are excited to integrate our data analytic capabilities to allow financial institutions access to PayNet Credit History Reports, PayNet MasterScore® v2, and risk management solutions as well as financial statement and tax return information directly from the Akouba platform”

–Paul Tennola, Chief Financial Officer, PayNet, Inc. 

About PayNet

Founded in 1999, PayNet, Inc. is the leading provider of credit assessments on privately-held businesses to the commercial lending industry in North America. PayNet collects, sorts and analyzes financial data to assess the credit of millions of privately-held businesses. 

PayNet’s proprietary database, with more than 24 million contracts valued at over $1.5 trillion, is combined with technology and know-how to form the basis for credit risk products that cross the commercial lending spectrum.  PayNet’s Small Business Indices help lenders, regulators and the media understand changing credit conditions for private businesses across the U.S. and Canada.

With a range of financial risk rating tools designed to grow assets, reduce costs, and avoid losses from defaults, PayNet helps banks, commercial finance companies, and alternative lenders expand credit access for private businesses.  Scoring products allow lenders to automate and improve their credit decisions.  Portfolio management products identify which portfolio segments and target markets are improving or deteriorating.

Optimize risk management, growth and operational efficiencies through data and technology

PayNet Credit History Reports

The PayNet Credit History Report (CHR), available in the Akouba platform, provides more robust small-business credit data while reducing costs and increasing efficiency. Helping facilitate a thorough review of the borrower's credit quality during the application review process, the PayNet Credit History Report provides borrower profiles summarized in multiple ways.

PayNet MasterScore® v2

The PayNet MasterScore® v2 allows lenders to automate and improve their credit decisions while providing predictive abilities that are superior to trade credit data. Available in the Akouba platform, it’s an ideal solution for lenders servicing multiple industries.

Let’s discuss what Akouba and PayNet can do for your institution.

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