Moody's Unit Unveils MARQ Portal For Small Business Ratings
Zacks Investment Research | Sep 12, 2016 10:06PM ET
Moody’s Analytics – a division of prominent credit rating provider Moody's Corporation (NYSE:MCO) – recently launched the MARQ portal. The novel tool (based on the technology developed by Finagraph) is designed to automate and speed up the financial information exchange between borrowers and lenders. As a result, it allows the company to generate MARQ credit score for small businesses.
All a small business has to do is to create a link to their accounting information through the portal to generate their MARQ score. In addition, they get to understand the factors that banks consider to evaluate creditworthiness. Moody’s leverages its RiskCalc model to calculate the scores.
The portal has been designed to enable banks get faster access to the MARQ score of businesses, thus accelerating the lending process. Furthermore, banks can also take better decisions as Moody’s cloud-based loan origination platform, Lending Cloud will enable banks to access the financial information based on which the score was calculated.
A senior Moody’s executive emphasized on the gap that this new portal fills saying “The difficulty of accessing small business financial information makes lending to this segment inefficient, inconsistent, and expensive.” She also added “Our new MARQ portal and score will speed up the lending process by replacing weeks of back-and-forth emails and phone calls with the click of a button to instantly get financial and credit information to lenders.”
Following the news, the company’s shares were up nearly 1.9% in yesterday’s trading session.
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