Financial institutions, overcoming some initial trepidation about privacy, are increasingly gauging consumers' creditworthiness by using phone-company data on mobile calling patterns and locations.
New methodology aimed at would-be borrowers with no credit reports in countries such as India, China and Russia
Lenddo will give its own score for these borrowers which will give an additional yardstick for MFIs to assess them
While micro-finance has been useful in consumption smoothening and micro-enterprise, by financing small assets, it is still difficult for a person with an informal economy asset or income to get easy access to credit
I had spent 15 years working on microfinance when one day, back in early 2011, Jeff Stewart, the cofounder and chairman of Lenddo, walked into my office. [...]
FICO, a global credit rating agency, has partnered with Lenddo, an expert in credit and verification technologies, to develop a credit risk score for consumers in India.
FICO, a US-based credit scoring company, has today announced a new partnership with Lenddo, a specialist in credit and verification technologies, to develop a credit risk score for consumers in India who have a limited or no formal credit history.
FICO, a global leader in credit scoring, has announced a new partnership with Lenddo, a specialist in credit and verification technologies. Together, the companies plan to develop a credit risk score for consumers in India who have limited or no formal credit history.
FICO has announced a new partnership with Lenddo, a provider of credit and verification technologies, for the development of a credit risk score for consumers in India who have a limited or no formal credit history.
Fico, the world leader in credit scoring, has today announced a new partnership with Lenddo, a specialist in credit and verification technologies.
Lenddo and FICO partner to enter India. This is very unusual and shows maturity from both sides: FICO doesn’t have what Lenddo has. Lenddo doesn’t have what FICO has. [...]
New partnership between FICO and Lenddo will focus on providing financial inclusion to millions.
Social data is ubiquitous but can it really be effectively used to manage credit risk? Jeff Stewart, CEO Of Lenddo, argues that yes, it can, and it can also help build a trusting relationship with your customer and make finance more inclusive.
Tala, a data science and mobile technology company, is enabling its users in East Africa and Southeast Asia to download an Android application that provides them with a new kind of credit score. [...]
Lenddo, the world's first and leading expert in credit decisioning using non-traditional data and FK BCG, Korea's leader in credit scoring consulting today announced the establishment of a new company, Lenddo Korea.
Banks in Asia are using customers' smartphone data points, like how often they drain their battery, to determine whether or not they're eligible for a loan.
Mobile technology has been a boon for these unbanked. Many telecom and banking players as well as private fintech companies have created apps and solutions which allow people to make and [...]
Nearly 80 per cent of India’s population does not have a credit record, and as a result they don't have access to a full range of financial services.
Lenddo aims to use a mix of basic credit information from bureaus, bank data, digital footprint, psychometric analysis and application form analysis
The service uses non-traditional data to complement bureau data and to offer the first cloud-based credit decision service for lenders in the Philippine market.
From a platform that once just connected long-lost friends, social media has mushroomed into a marketplace of ideas and e-commerce, an enabler of political discussion (and campaigning) [...]
Lenddo, a fintech that uses non-traditional data for credit scoring, is in talks with multiple e-commerce companies to provide preventive solutions around cash-on-delivery (COD) frauds [...]
The global fintech sector startup sector has received investments totaling $19 billion in 2015. According to CB Insights and a fintech report published by Citi, this is a tenfold increase [...]
A handful of companies have cropped up to determine the creditworthiness of individuals who have no financial history.
The world is certainly excited about the concept of big data and advanced analytics and it’s not just because of the data are big but because the potential for impact is big.
Lenddo has a 5 year track record in using social, email and mobile-phone data to underwrite unsecured personal loans in Philippines, Mexico and Colombia. Their underwriting model quality [...]
When Square raised 25 percent less capital than their target at their initial public offering (IPO) this past November, some perceived this as yet another sign that Fintech valuations [...]
Lenddo, world leader in using non-traditional data for Credit Scoring and Social Verification, today announced the appointment of Abhinav Haldia, as the Country Director for India [...]
Social media is changing “business as usual” for governments, opening up democratic processes, delivering services both to understand and surveil constituents, managing threats and [...]
A handful of Silicon Valley-backed startups are looking to revolutionize lending in the developing world, where banks are scarce and many would-be borrowers have no credit history. [...]
Ahmedabad-based startup, LendingKart joins hands with Singapore-based startup Lenddo and will use social media to evaluate borrower creditworthiness. As part of the collaboration, [...]
Lenddo, the world's leader in using non-traditional data for credit scoring and online verification, today announced it has closed a Series B investment to further support the company's [...]
Ever since last month’s news that Facebook had secured a patent that would allow lenders to assess a borrower’s creditworthiness by checking their friends’ credit scores, there’s been buzz [...]
A new wave of financial services built around smartphones is promising to broaden access to finance for millions of Filipinos who may have never set foot in a traditional bank. [...]
Today Lenddo announced its social scoring technology suite. Banks, alternative lenders, telco, P2P lenders and online marketplaces are able to use the Lenddo identity verification [...]