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New partnership agreed by The Data Appeal Company and modefinance – a fintech enterprise specializing in the assessment of corporate credit risk and a Rating Agency (CRA and ECAI), belonging to the TeamSystem Group.

The collaboration enables the integration of alternative data into Tigran analysis processes.

Alternative Data for Credit Rating

Our alternative data, comprising reputational and spatial information, adds to the sources of modefinance’s proprietary Tigran platform, a “Rating-as-a-service” solution which automates and digitizes credit analysis and assessment processes.

The agreement is yet another aspect of the fintech’s strategy to deliver a comprehensive snapshot of the businesses under analysis, through the availability of constantly updated data and information which represents a point as close as possible to the time of analysis (nowcasting).

The alternative data reports upon aspects of environmental sustainability and will support the recently-launched ESG rating.

“This collaboration is of key significance for us as it further refines our analysis processes. In fact, the combination of traditional and alternative digital data collection and analysis is a crucial element for a true picture of the individual entities and critical for proper credit risk assessment. The Data Appeal Company’s coverage is not limited to the domestic market – providing support also to modefinance international’s activities in the UAE.”

Mattia Ciprian, CEO of modefinance

The Data Appeal Company’s data – both qualitative and quantitative – is collected from more than 130 online sources and analyzed using proprietary algorithms based on Artificial Intelligence and machine learning.

It includes information on sentiment, the digital performances of the monitored companies and aspects of their environmental sustainability.

Modefinance’s proprietary evaluation system is based on the latest AI technologies for collecting the most accurate and reliable data, whether financial, social, environmental or governance, and on the proprietary MORE (Multi Objective Rating Evaluation) analysis methodology. A winning feature of its solutions is its proprietary modeling that mixes the latest data collection and processing technologies with traditional analytical work.

“This agreement brings us even closer to the Banking&Finance world, providing key data for the development of increasingly innovative and up-to-date solutions. Through a strategic partner like modefinance, in fact, we will make available a very rich dataset of information covering Italian and overseas SME’s, from a spatial and reputational perspective.”

Mirko Lalli, CEO & founder of The Data Appeal Company and Chief Group Digital Strategy Officer of Almawave

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