CREDIT RISK ASSESSMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Credit Risk Assessment Market, By Component (Software, Services), By Deployment Model (On-premises, Cloud), -By Organization Size (Large Enterprises, SMEs), By Vertical (BFSI, Telecom & IT, Healthcare, Government, Manufacturing, Retail, Others), By Technology (AI & ML enabled Credit Risk Assessment, Traditional Credit Risk Assessment), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Recent Developments

Key Development

In September 2022, Moody's Analytics,is a leading manufacturing of Moody's Corporation launched its new CreditLensTM credit lifecycle management solution to streamline and automate credit processes. It is designed to enhance risk analysis and decision-making
In June 2021, Experian is a multinational data analytics and consumer credit reporting company launched its new FICO Risk Rating solution in collaboration with FICO to help lenders better identify credit risk. It uses trended credit data for precise risk assessment
In April 2020, Equifax, a global data, analytics, and technology company partnered with Urjanet, is a driven by a diverse team that is dedicated to innovation to launch its new solution for assessing commercial credit risk using alternative data from utility payment records. It provides deeper insights into commercial lending decisions.

Key Strategic Initiatives

In October 2021, Moody's Analytics acquired Pass Fort is a single, online platform and entered into a strategic partnership with KYC.com is to promote global transparency and make regulations to enhance its KYC and compliance capabilities for better credit risk assessment
In April 2020, Equifax acquired Ansonia Credit Data is an American multinational consumer to expand its differentiated commercial credit data assets and analytical capabilities to provide robust risk intelligence on businesses
In June 2019, FICO, is a leading analytics software company announced a new multi-year strategic alliance with Equifax to collaborate on product innovation and thought leadership to transform credit lifecycle management and risk management globally.