Presolvent uses data from the Australian Financial Security Authority, in combination with ATO data to help predict when non-compliance might occur.
High-risk individuals identified by Presolvent can be given additional support and guidance about managing their finances, agreeing only to appropriate debt and insolvency agreements, so they can better meet their obligations.
Presolvent uses Machine Learning which is trained on limited datasets provided by the relevant Australian government bodies, it makes predictions of insolvency risk, but Presolvent is only a tool to be used in conjunction with human-assessed insolvency risk factors.
We have combined a number of data sets into our application, including:
- The Australian Financial Security Authorities insolvency dataset that includes over 300,000 insolvency matters to train our machine learning prediction model
- ATO Tax return data set to normalise distinguish individual types from insolvent individual profile types.
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What sort of impact can be made on homelessness, mental health outcomes, or the environment, using open data?