Advanced Credit Scoring - Italy
From: €0.15 + VAT
Over 12 pieces of information such as Risk Score, Rating, and Credit Line to determine the probability of insolvency or loan default by a specific Italian company.
Advanced Credit Scoring allows you to access over 12 pieces of information to verify in real-time the creditworthiness of a specific Italian company.
The service includes all the data already available in the Start service, plus information on rating, commercial credit, and an index to compare the risk level of multiple companies. Additionally, it extends the available risk classes in the response from 3 to 7.
REQUEST EXAMPLE
GET /IT-creditscore-advanced/{vatCode_taxCode_or_id}
The request parameter can be one of the following:
- VAT Number
- Tax Code
- Company ID
In the following request, we used the VAT number 12485671007 as the parameter.
https://risk.openapi.com/IT-creditscore-advanced/12485671007RESPONSE EXAMPLE
GET /IT-creditscore-advanced/{vatCode_taxCode_or_id}
The response contains the following information:
- Company Name (organization_name)
- Request Date (requested_at)
- Risk Rating (rating)
- Risk Score (risk_score)
- Risk Score Description (risk_score_description)
- Maximum Credit Amount from a Financial Institution (operational_credit_limit)
- Risk Severity (risk severity)
- Tax Code (tax)
- VAT Number (vat)
- Request ID (id)
- Company ID (company_id)
- Request Timestamp (time_stamp)
The data present in the response is for example purposes only:
{
"data": {
"company_id": "60d1bfc731177b0a092cdfc1",
"operational_credit_limit": "82000",
"organization_name": "XXXXXXXX",
"rating": "A2",
"requested_at": "2024-03-26T10:53:56.299688Z",
"risk_score": "GREEN",
"risk_score_description": "below average",
"risk_severity": "30",
"tax": "12XXXXXXXX7",
"vat": "12XXXXXXXX7",
"time_stamp": 1622452306,
"id": "6602a94464cff7864a032475"
},
"success": true,
"message": "",
"error": null
}
The risk index (risk score) for this service, as mentioned, is identified by 7 colors:
- dark red
- bright red
- red
- yellow
- green
- light green
- dark green
In some cases, such as for ceased businesses, the color gray (N.D.) may be returned.
The rating consists of 9 classes (from A1 to C3) and is only available for capital companies. The value is determined, for example, by economic variables, sector-specific factors, and the presence of negative marks.
The Commercial Credit Limit is calculated based on the legal form of the company:
- For Capital Companies, it is based on the Rating and a series of other variables, such as sector, size, assets attributable to the company, tangible assets, historical data related to purchases, etc.
- For Partnerships and Sole Proprietorships, the algorithm is based on the estimated size of the company, chamber and negative databases, and a series of variables such as sector, economic categorization, incorporation date, number of employees, any debts, company real estate, company productivity, business transactions, etc.
The risk severity is a risk index, ranging from 1 (low risk) to 990 (high risk), used to compare different companies.
Currently, two other services for Advanced Credit Scoring are available:
- Credit Score Start to get only the simplified risk score (3 colors)
- Credit Score Top to get also information on credit history, public rating, rating, and a more detailed profile of the company’s economic, income, asset, and financial status
The Advanced Credit Scoring service is ideal for any company that needs to assess the credit risk of its customers or partners, such as credit institutions, fintechs, e-commerce companies (especially those offering payment systems), or companies providing Telco, Leasing, or real estate services.
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It is a service that provides real-time information on the credit risk of Italian companies, with over 12 parameters. It helps reduce financial risk in business decisions.
The service provides a wide range of detailed data on a company's financial reliability, including:
- Company name
- Request date
- Risk Rating
- Risk Score
- Risk score description
- Maximum amount of credit receivable from a financial institution
- Risk severity
- Tax Code
- VAT Number
- Request identifier
- Company identifier
- Request Timestamp
The risk index (risk score) for this service, as mentioned, is identified by 7 colors:
- Dark red
- Bright red
- Red
- Yellow
- Green
- Light green
- Dark green
In some cases, such as for ceased companies, the color gray (N/A) may be returned.
Yes, the service is available via API, allowing direct integration into your IT systems to obtain real-time reports.
The Advanced Credit Scoring varies depending on the company's legal form:
- For Limited Liability Companies: Credit is determined based on the company’s rating, along with a range of additional variables such as the business sector, company size, assets, tangible equity, and historical data on purchases and transactions. These elements provide an overall picture of the company's financial strength.
- For Partnerships and Sole Proprietorships: The algorithm is based on an estimate of the company's size, using information from the Chamber of Commerce databases and negative data. Variables such as the economic sector, date of establishment, number of employees, any debts, real estate properties, and productivity are also considered. These factors allow for the construction of a detailed profile of the company or sole proprietorship.
Additionally, risk severity is a risk index ranging from 1 (low risk) to 990 (high risk), used to compare the risk level between different companies.
The main differences between the three Openapi products, Credit Score Top, Credit Score Advanced, and Credit Score Start, are related to the complexity and the amount of information provided:
- Credit Score Start: This service offers a simplified risk assessment based on a risk score represented by three colors (green, yellow, and red), indicating the reliability level of a company. It is the most basic option and suitable for a quick, general evaluation.
- Credit Score Advanced: This provides a more detailed evaluation, including the risk score, company rating, and the maximum credit a company can receive. It also includes a risk severity index, which allows comparisons between companies based on their financial stability. It is intended for a more in-depth credit risk analysis.
- Credit Score Top: This is the most comprehensive service, providing detailed information not only about the risk score but also about the credit history, public rating, and a complete economic and financial profile of the company, including data on income, assets, and financial situation. This product is ideal for a thorough analysis of a company's financial and credit stability.
In summary, Credit Score Start is for quick, general evaluations, Credit Score Advanced provides a more detailed analysis, and Credit Score Top offers the highest level of detail for those needing a complete and in-depth analysis.
It is recommended for all companies or professionals who need to quickly and accurately assess the credit risk of their commercial partners:
- Banks and financial institutions that need to analyze the reliability of companies before granting loans.
- Fintech and e-commerce companies to manage transaction risk.
- Leasing companies or service providers who want to evaluate corporate clients before entering into contracts.
The service is delivered in real time, meaning that once the request is sent via API, the data is processed and returned immediately.
You can opt for subscriptions that offer more advantageous rates, with prices starting from €0.15 + VAT per request. Subscriptions have usage limits that vary depending on the type of subscription chosen, offering greater flexibility based on needs.
Alternatively, the cost for each individual request through top-up is €0.51 + VAT.
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