What is an automated subscription?

Automated subscription is a system by which a computer decides whether a loan or other financial transaction should be subscribed. To subscribe to the transaction, it means that one party gets the expected money, a service provided in return for a commission. With automated subscription, the set formula decides whether this service will be offered. This could include a simple loan, while the subscriber risked the risk of not being repaid. It could be a problem with shares, and the subscriber risked that not all shares would be purchased by the public. One of the slight variations is to subscribe to insurance, which is simply a process of issuing policy. In this case, the insurance company is efficiently subscribed by taking over the risk that the customer would otherwise be carried. Selling subscriptions in the traditional and strict sense of the word. It often applies to a simply computer service that provides an "objective" decision on whether the loan should be provided. The creators or service operators can only provide it on counselingyou and do not necessarily guarantee that the loan will be repaid. Because the creditor retains the risk, the fee paid for the use of the computer service will be significantly lower than if the service providers literally subscribed the loan.

The main advantages of automated subscription are speed and objectivity. Systems can process the application and issue decisions in seconds without having to manually assess every information. The system will also work on the rules set and make a rational decision, unlike a person who could make a decision on the basis of their personal interaction with a prospective slip. Of course, this could be considered a disadvantage, because it causes this process to be impersonal and removes judgment.

The main disadvantage of automated subscription is the inflexibility. For example, they can automatically reject an application from someone with poor credit history,Although the previous default settings can be explained and may be subjectively assessed as unlikely to indicate the future default settings. The automated subscription system can also issue a "black or white" decision where there is no difference between a customer with a cruel credit risk and a customer who missed an automated acceptance, where the human subscriber could be invited to explore the circumstances and make a judgment.