Getting started
Get Access to API
Authentication
Making your first requestGuides
Generate Doc X-Ray
Generate Bank X-Ray
Generate Financial X-Ray
Generate ESG X-Ray
Generate Manager X-RayConcepts
Overview
Request
Reports
MediumDoc X-RayBank X-RayFinancial X-RayESG X-RayManager X-RayResources
API versioning
WebhooksUploading a media
Add a creator to your request
Testing environment
Organization & Members
Security
SupportConcept: Financial X-RAY
Financial X-Ray is a powerful machine-learning technology that calculates an instant credit-risk scoring model based on financial, macroeconomic and behavioral data.
What’s the purpose of Financial X-Ray?
Financial X-Ray assess the possible default likelihood of your clients and convert it into a score ranging from A to E (from low to high probability of default).
A visual report explains the 10 most relevant criterion that contributed to the score and why the grade was assigned.
How does Financial X-Ray work?
Financial X-Ray collects data from external databases and from the company's financial statements to provide an automated estimation of the default rate.
The probability of default and the score are generated by the cumulative processing of 50 indicators. Financial X-Ray is trained using machine learning algorithms based on several hundred thousand loan applications processed by October to date. Each company will be analyzed differently based on the most relevant features and their comparison with the performances of similar SMEs, resulting in a dynamic scoring model.
The Financial X-Ray report provides an overview of the positive or negative impact each indicator has on the overall score.
What data is required to generate a Financial X-Ray score?
By introducing the company identification number when creating a case, Financial X-Ray starts by collecting data from both external and internal sources.
To be complete, Financial X-Ray also needs to get more information about the company's activity. That’s why we ask you to upload the latest financial statements of the company on the October Connect platform.
To extract data on financial statements, they need to be True PDF A True PDF is a digital document converted into a PDF format using a software. On True PDF, the text is separated from images and both the meta-data and the characters in the text hold an electronic character designation. On the contrary, a scanned PDF is created from a print document and the text is embedded in the image.
Once this step is completed, the score, the probability of default and the report based on the collected data is available on the Financial X-Ray tab.
The financial information extracted from our external databases and the latest financial statement can be found in the Business Data tab.
What data is taken into account in the analysis?
Financial X-Ray will retrieve the most recent information from external databases and the financial statements uploaded. This means that if you upload several financial statements, our technology detects the most recent one to extract the necessary data to generate the Financial X-Ray report.
/w=2048,quality=90,fit=scale-down)
50 indicators are analyzed to generate the Financial X-Ray score and associated default probability. These criteria are calculated directly using financial statements and information available on external databases, and are analyzed by comparing them to those of SMEs from the same sector and geographic area. Thanks to machine learning, we can define the positive or negative impact of a sector of activity or the time in business of a company, for example.
In addition, other data may be taken into account, including the analysis of the company's management history, through Manager X-Ray. This will be taken into account in the Financial X-Ray score.
← Previous
Next →