Financial Exclusion of Young and the Unbanked People
A part of our population, including young individuals and unbanked people, are excluded from financial services due to a lack of credit scoring data.
No Behavioral Data Analysis
Credit scoring data is a vague and inappropriate measure of creditworthiness as it does not allow for customers’ characteristics, interests, and past behavior.
Ineffective Risk Management
Outdated credit scoring systems are flawed and cause inefficient risk analysis.
Lack of Innovation
Insufficient use of recent technological advancements in the finance industry slows the pace of improvements.
REDUCTION OF CREDIT RISK
Through data enrichment and advanced analytics
IMPROVEMENT OF KYC POLICY
Through deep insights into customers’ behaviour
Because of a lower default rate
EVALUATION OF EACH CUSTOMER
Regardless of their credit history and fixed income