Solvens is the Wevioo Credit Risk Tracking Platform: it provides access to data on the liability of credit applicants, their paying behavior (positive or negative), their level of debt and their solvency.
Solvens is a software package used by credit institutions to optimize their decision-making process for granting credit. It enables credit institutions to share client data by centralizing information, so-called negative (repayment irregularity, payment incident, negative information) and so-called positive information on individuals, merchants, SME / SMIs and very small enterprises.
It is a powerful reporting tool integrating Big Data processing and providing the basic functionality of a credit bureau:
Solvens was implemented for the 12 banks of Benin. The tool has resulted in improved decision making when granting credit and a significant reduction in doubtful accounts and bad debt.