Middesk Assess
middesk.comSummary
Middesk's 'Assess' product provides automated risk assessment for businesses, helping lenders and financial institutions evaluate creditworthiness and minimize default risk. It offers insights into tax liens, litigations, UCC liens, and bankruptcy records for both businesses and associated individuals.
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Rationale
Middesk's 'Assess' product focuses on automated risk assessment for underwriting business clients, providing data on tax liens, litigations, UCC liens, and bankruptcies. This is primarily for credit decisioning and minimizing default risk for lenders. The core concept of Wise, however, is international money transfers and multi-currency accounts for individuals and businesses, emphasizing mid-market exchange rates and transparent fees. There is no overlap in the services offered; Middesk is a B2B risk assessment tool, while Wise is a B2C/B2B cross-border payment and multi-currency platform. None of the features listed for Wise, such as 'Mid-Market Exchange Rate Transfers', 'Transparent Low Fees', or 'Multi-Currency Account', are present in Middesk's offering.