Scotiabank Jamaica is now in the process of analysing the results of credit behaviour from tested information collected over the past two years as the bank seeks to increase financing options available to SMEs.
The commercial bank pilot programme, dubbed Scotiabank Enterprise-Wide Risk Management and Financing (SERMAF) Programme, aims to enhance entrepreneurs’ likelihood of receiving credit through a risk management and risk-rating model that uses psychometric tools to evaluate each entrepreneur’s credit behaviour.
Based on results, the credit behaviour of SMEs will be incorporated in the accessing loans from the Bank. Ultimately, the Bank wants to have SME loans financed on psychometrics.
Published in the Observer
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