Providers of business insurance are often out of touch with the actual performance of a business. For example, a business may have doubled its revenue and tripled its team size over a period of a few months (this actually happened to us recently), or conversely it may have lost 80% of its revenue (think COVID), and in the meantime the insurance underwriter is holding on to an out of date, incorrect risk assessment.
SILENTDATA enables insurance underwriters to understand the real time performance of a company using its bank account data, without having direct access to that data.
