FOR IMMEDIATE RELEASE
Contact: Jeff LoCastro
[email protected]
June 27, 2015
NEENER CORPORATION’s FACEBOOK-FICO ALGORITHM PREDICTS GREEK DEFAULT
Perhaps the International Monetary Fund should have used Neener.
San Jose, CA – June 27, 2015 – Neener today announced that on June 24, 2015, with Greece on the edge of default, that Neener accurately predicted the Greek default by crawling Prime Minister Alexis Tsipras’ English Facebook personal (non-official) public profile and using Neener’s Facebook-Fico product projected him scoring in the 400 fico score range suggesting some very, very high risk factors.
Neener works directly with its retailers, lenders, and credit card company partners to add the Neener system® into their checkout or application process, whether it’s online, mobile or in retail stores. The direct relationship between the retailer or lender and the buyer/borrower is maintained, with no need to redirect the customer to a third party to transact and evaluate.
“We already know we can, using only a consumer’s Facebook profile and our Facebook-Fico product, almost 80% of the time accurately predict that persons credit score. But we wanted to see just how powerful it would be in international finance. We also knew that Greece’s Prime Minster was basically the guy making the decision to default or make a deal and wanted to see if we could predict it. We did!,” said Jeff LoCastro, CEO/Founder of Neener. “The thing is that our ‘fico’ relevance is only a proxy for risk. So 100% of the time our product detects a consumer’s risk behaviors hidden deep in their Facebook profile. Tspiras doesn’t have a fico score, but we can project it. It appears he’s a pretty high risk guy financially. Maybe the IMF should have used Neener.”
ABOUT NEENER CORPORATION
Neener has built a platform that correlates Personality & Behavior using their unique method by which to correlate social media data to score financial risk. To prove the model, Neener is the first to connect a consumers Facebook, LinkedIn or Twitter profile, with Personality & Behavior and an accurate FICO prediction. Neener can accurately predict/project a consumer’s fico score range almost 80% of the time. That is, armed with nothing but a consumer's single Facebook profile, almost 80% of the time Neener can accurately predict/project that persons fico score range. Neener is a web-based B2B (SaaS) that uses Personality & Behavior analysis to look at a consumer’s social media footprint to score financial risk for the under-served consumers who are thin-file, no-file or challenges (35-40% of US consumers) to repair the disconnect between this group and the businesses that want to serve them. This creates B2C financial inclusion like nothing else before. The Neener System also has marketing potentials as well: We simply point the model in the other direction to target based on applicable proxies and correlations.
ORGANIZATION/NEENER
Contact: Jeff LoCastro
[email protected]
June 27, 2015
NEENER CORPORATION’s FACEBOOK-FICO ALGORITHM PREDICTS GREEK DEFAULT
Perhaps the International Monetary Fund should have used Neener.
San Jose, CA – June 27, 2015 – Neener today announced that on June 24, 2015, with Greece on the edge of default, that Neener accurately predicted the Greek default by crawling Prime Minister Alexis Tsipras’ English Facebook personal (non-official) public profile and using Neener’s Facebook-Fico product projected him scoring in the 400 fico score range suggesting some very, very high risk factors.
Neener works directly with its retailers, lenders, and credit card company partners to add the Neener system® into their checkout or application process, whether it’s online, mobile or in retail stores. The direct relationship between the retailer or lender and the buyer/borrower is maintained, with no need to redirect the customer to a third party to transact and evaluate.
“We already know we can, using only a consumer’s Facebook profile and our Facebook-Fico product, almost 80% of the time accurately predict that persons credit score. But we wanted to see just how powerful it would be in international finance. We also knew that Greece’s Prime Minster was basically the guy making the decision to default or make a deal and wanted to see if we could predict it. We did!,” said Jeff LoCastro, CEO/Founder of Neener. “The thing is that our ‘fico’ relevance is only a proxy for risk. So 100% of the time our product detects a consumer’s risk behaviors hidden deep in their Facebook profile. Tspiras doesn’t have a fico score, but we can project it. It appears he’s a pretty high risk guy financially. Maybe the IMF should have used Neener.”
ABOUT NEENER CORPORATION
Neener has built a platform that correlates Personality & Behavior using their unique method by which to correlate social media data to score financial risk. To prove the model, Neener is the first to connect a consumers Facebook, LinkedIn or Twitter profile, with Personality & Behavior and an accurate FICO prediction. Neener can accurately predict/project a consumer’s fico score range almost 80% of the time. That is, armed with nothing but a consumer's single Facebook profile, almost 80% of the time Neener can accurately predict/project that persons fico score range. Neener is a web-based B2B (SaaS) that uses Personality & Behavior analysis to look at a consumer’s social media footprint to score financial risk for the under-served consumers who are thin-file, no-file or challenges (35-40% of US consumers) to repair the disconnect between this group and the businesses that want to serve them. This creates B2C financial inclusion like nothing else before. The Neener System also has marketing potentials as well: We simply point the model in the other direction to target based on applicable proxies and correlations.
ORGANIZATION/NEENER