Taking away the pain of missed credit repayments for lenders and borrowers ELEVATOR PITCH: Credit Canary is a fintech platform that allows consumer credit lenders to identify scenarios and engage borrowers at risk of missing credit repayments. As required, we present personalised digital treatments to the borrower in real-time directly YEAR FOUNDED: through the lenders existing digital channels, uniquely designed to keep them both engaged and on track throughout their 2022 credit term. Through early intervention, we’re changing consumer credit for the better, removing the pain of missed credit repayment for both lender, and borrower. SECRET SAUCE: TEAM SIZE: Whereas open banking and credit data providers help lenders “insight” to make lending decisions, drawing from the past, we help 4 lenders understand borrowers’ financial futures, being the first provider that combines credit and open banking data to produce a complete financial footprint, forward forecasting disposable income to account for macro trends and seasonality and drive TARGET CUSTOMERS: “action”, enhancing underlying business performance. CEOs, COOs and Heads of USE CASES Lending within Consumer Credit Lenders 1 Reducing default balances through early engagement of borrowers at risk RELEVANT INDUSTRIES: With credit losses this year at $4.6tn, driven by the cost-of-living crisis, the demand for addressing rising delinquency and Consumer Credit, Retail default risk has never been greater. With the average cost of borrowers going into arrears being c. £1k, there is a clear Banking, Data Analytics & opportunity to use our predictive analytics and treatments to keep borrowers on track and engaged. Machine Learning, Enterprise Driving new liquidity from existing loan portfolios SaaS 2 Once credit accounts are in arrears, options are limited. Lenders either write off or sell on accounts on for a fraction of their value (c 9p to £1). With Credit Canary, by assessing the financial health of borrowers overtime and forecasting disposable income forward, new sources of liquidity emerge by allowing lenders to proactively sell for either face value or greater. 3 Ensuring alignment to FCA’s New Consumer Duty (“CD”) With CD coming into force in July 2023, many lenders are underprepared. Being event-driven, our technology directly align to OPEN FINANCE CD principles, which state that ”firms have to regularly monitor outcomes delivered by its products and where issues are identified by the firm it is expected to appropriate action without undue delay to rectify or prevent harm arising.” WE WANT TO LEARN ABOUT: To further validate and determine how our solution can be sold into and will need to be adapted to convert enterprise financial services organisations.