Opening Doors to Financial Freedom

At ADMiT, we believe everyone deserves an equal opportunity to access credit, regardless of their financial history or lack thereof. Our unique scoring tool bridges the gap for those previously overlooked by traditional credit systems.

Whether you’re a prospective borrower seeking credit or a corporate lender aiming to expand your customer base, ADMiT offers a revolutionary approach to assessing creditworthiness.

How it works

Our scoring tool leverages a simple yet powerful process to evaluate an applicant’s willingness to repay loans, providing an alternative to conventional credit scores.

Our model can be explained through 3 key aspects as follows:

  • Situational Judgement Assessment

    Applicants complete a brief 10-question assessment to gauge their attitudes towards credit. This intuitive assessment can be completed in less than 5 minutes.

  • Comprehensive Analysis

    We measure 75 key metrics and combine them to provide a total risk score. These metrics encompass the answers given and on-screen behaviour, such as indecisiveness, speed, and response consistency.

  • Behavioural Insights

    The resulting score offers a detailed view of each applicant’s behavioural credit risk profile. This innovative approach allows lenders to understand the intentions and behaviours of potential borrowers beyond traditional methods.

Why it matters

For credit-unaware consumers, this means access to credit previously out of reach due to a lack of financial history. Our tool provides a fair chance to prove your creditworthiness based on how you interact with our assessment, not just past financial transactions.

For corporate lenders, ADMiT offers a powerful means to identify reliable borrowers who might previously have been excluded by traditional credit scoring methods. The results speak for themselves.

  • Strong Predictor of Default

    With a Gini coefficient of .32, our score effectively predicts default risk.

  • Enhanced Credit Decisions

    When used alongside traditional credit scores, it improves risk assessment accuracy by 18%.

  • Reduced Bad Lending Rate

    Experience a significant reduction in bad lending rates by 7%.

  • Higher Acceptance Rates

    Enjoy an increase in acceptance rates by 12%, allowing you to extend credit to more deserving applicants.

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Backed by Principa’s extensive experience in credit risk decisioning and approved by the National Credit Regulator of South Africa, ADMiT stands on a foundation of reliability and innovation. Additionally, our partnership with 6DOT50 allows seamless integration of voucher-based credit distribution and repayment, making the lending process more accessible and efficient for both lenders and borrowers.

Ready to open doors to new markets

Join us in redefining credit access. Discover the ADMiT difference today and open the door to new markets with a score that sees beyond numbers.

Frequently Asked Questions

We’ve worked with our credit provider partners to answer some of our most frequently asked questions.

  • Yes, our research indicates that incorporating the ADMiT solution into your lending decisions could improve acceptance rates by 12%. This allows you to extend credit to more applicants who demonstrate reliable behavioural credit risk profiles.

  • Our partnership with 6DOT50 enables lenders to extend voucher-based credit to consumers and provides consumers with a digital way to make repayments via mobile and informal channels. This integration allows you to tap into the unbanked market efficiently, reaching a broader customer base without the need for traditional banking infrastructure.

  • The DRA™ Score has a Gini coefficient of .32, indicating a strong ability to predict defaults. When combined with traditional credit scores, it enhances risk assessment accuracy by 18%, significantly reducing bad lending rates by 7%.

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