Get an instant, up to date view of your customer’s cash health

A global scoring from A to E to assess your customer’s cash solidity
A scoring based on the aggregation of 9 relevant financial and behavioral indicators

Bank X-Ray aggregates, categorises and analyses banking data to provide a real-time report on your customer’s financial health. A Bank X-Ray report is generated every time a new bank statement is uploaded on the October Connect platform.

Let’s dive in.

Bank X-Ray Scorecard

The first section of the Bank X-Ray report gives an overall assessment of the company’s cash health using a letter-based scoring system from A to E (from overall positive to overall negative).

If the data sanity, which refers to the quality of the extracted data, is lower than 70%, then no rating will be assigned to the Bank X-Ray report.

How is Bank X-Ray overall score calculated?

The overall score is based on the aggregation of scores assigned to 9 indicators analyzed by Bank X-Ray. These scores range from A to E, with each indicator having its own weight that impacts the overall Bank X-Ray score. Below, you can find the indicators listed in descending order of weight on the overall score:

Indicators	Description	Scoring method	Scoring rules
Alerts frequency	Ratio of transactions with alerts to total transactions	Benchmark on cases from companies belonging to the same sector and country	A: The indicator is better than 90% of benchmark B: The indicator is better than 70% and under 90% of benchmark C: The indicator is better than 50% and under 70% of benchmark D: The indicator is better than 20% and under 50% of benchmark E: The indicator is worse than 20% of benchmark
Alert-related amount	Significant amounts on transactions with alerts	Benchmark on cases from companies belonging to the same sector and country	A: The indicator is better than 90% of benchmark B: The indicator is better than 70% and under 90% of benchmark C: The indicator is better than 50% and under 70% of benchmark D: The indicator is better than 20% and under 50% of benchmark E: The indicator is worse than 20% of benchmark
Overdraft	Number of days with negative balance	Benchmark on cases from companies belonging to the same sector and country	A: The indicator is better than 90% of benchmark B: The indicator is better than 70% and under 90% of benchmark C: The indicator is better than 50% and under 70% of benchmark D: The indicator is better than 20% and under 50% of benchmark E: The indicator is worse than 20% of benchmark
Social security	Regularity of monthly social security payments	Hardcoded rule	A: Social Security payments are made regularly C: Social Security payments are missing due dates less than 40% of cases. E: Social Security payments are missing due dates in more than 40% of cases and there is no payment during 3 months.
Tax payment	Regularity of tax payments	Hardcoded rule	A: Tax payments are made regularly C: Tax payments are missing due dates less than 40% of cases. E: Tax payments are missing due dates in more than 40% of cases and there is no payment during 3 months.
Payroll Management	Regularity of monthly salary payments	Hardcoded rule	A: Salaries are paid regularly C: Salary payments are missing in less than 40% of cases. E: Salary payments are missing in more than 40% of cases and there is no payment during 3 months.
Debt stress	Ratio of existing debt to cash generated	Benchmark on cases from companies belonging to the same sector and country	A: The indicator is better than 90% of benchmark B: The indicator is better than 70% and under 90% of benchmark C: The indicator is better than 50% and under 70% of benchmark D: The indicator is better than 20% and under 50% of benchmark E: The indicator is worse than 20% of benchmark
Whole-number amounts	Ratio of transactions with whole-number amounts to total transactions	Benchmark on cases from companies belonging to the same sector and country	A: The indicator is better than 90% of benchmark B: The indicator is better than 70% and under 90% of benchmark C: The indicator is better than 50% and under 70% of benchmark D: The indicator is better than 20% and under 50% of benchmark E: The indicator is worse than 20% of benchmark
Balance trend	Important deviation between opening balance and ending balance	Benchmark on cases from companies belonging to the same sector and country	A: The indicator is better than 90% of benchmark B: The indicator is better than 70% and under 90% of benchmark C: The indicator is better than 50% and under 70% of benchmark D: The indicator is better than 20% and under 50% of benchmark E: The indicator is worse than 20% of benchmark

Bank X-Ray overall score is based on:

The score assigned to each indicator (C, D and E scores will generate alerts),
The weight of each indicator on the scoring model.

The Bank X-Ray overall score is therefore calculated by summing the weight of all indicators with alerts. In the table below, we share a general guideline to assess the score:

Bank X-Ray overall score	Rules
A	The sum is between 0 and 4
B	The sum is between 5 and 8
C	The sum is between 9 and 12
D	The sum is equal to 13
E	The sum is equal or above 14

Deep dive into Bank X-Ray report