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Open Risk Exchange (ORX, formerly known as Typescore) is a London-based company that has created a platform on which clients can run credit score checks. The company produces technology to discover, extract, and analyze financial data for more than four million registered businesses, specifically small and medium enterprises (SME), within the United Kingdom.
The company's product has a platform where users can request credit score checks on businesses. The portal utilizes technologies such as statistical modeling and machine learning to create business risk models for its clients. The Open Risk Exchange platform combines analytics based off of historical data with a company's specific credit history in order to output an accurate credit score.
Entities that use ORX include banks, online lenders, and insurers. The company has run tests to prove its accuracy over other credit scoring companies, specifically with young businesses.An application programming interface is available upon request to those requiring high-volume programmatic access to its scores.
