MKTplace-data type: Alternative Credit Risk

WISE AI

Written by Amy Sariego on 21 Feb, 2023. Posted in Partners. No Comments on WISE AI

Partners

WISE AI

WISE EKYC – an AI-Powered Identity Verification Solution

Key Benefits

Instant identify verification and authentication in under three minutes. Transform identity verification with WISE EKYC, an AI-powered technology that delivers a fast and seamless customer experience. Say goodbye to time-consuming and manual onboarding. Experience effortless identity verification in under three minutes.
Lower cost with enhanced security. With WISE EKYC, companies can achieve lower costs and enhanced security in their onboarding processes by eliminating human verification costs, while AI can provide a more secure solution. Say goodbye to expensive manual processes – choose eKYC for a cost-effective and secure solution.

“We have no doubts about WISE AI, and we encourage industry players to explore what WISE AI can offer to their ecosystem.”
RICHARD KER, HEAD OF INNOVATION & INDUSTRY DEVELOPMENT AT CYBERVIEW SDN BHD

Empowered Organizations with AI-Powered Identity Service

Expertise with proven business use cases in Financial Institutions, Fintech, Government Services, Education, Certificate Authority and many more
Technology house with the ability to localize the technology and the processes to meet the regulations and policy needs
Technology is verified and tested by NIST from US, National Institute of Standards and Technology
The solutions comply with the regulations and policies under the central bank of Indonesia and Malaysia
Covering over 190 countries, national IDs and Passport

Resources

About WISE AI

Services
- WISE EKYC
- WISE ID Document OCR
- WISE Liveness
- WISE ID Fraud
- WISE Face Compare
Regions Supported
- APAC
- Malaysia
- Indonesia

Nova Credit

Written by Amy Sariego on 27 Jan, 2023. Posted in Partners. No Comments on Nova Credit

Partners

Nova Credit

Expand Your Credit-Eligible Universe

Key Benefits

Unlock new markets and optimize funnel conversion. Access trusted financial data to open new consumer segments, offer new products, and create loyal customers for life — all while maintaining your risk profile. Minimize your acquisition costs by optimizing your funnel conversion rate. Consumer-permissioned data gives you the confidence to approve more of the people that you’ve already attracted to your product offering.
Reduce portfolio risk and automate income verification. Respond to uncertain economic conditions and develop loss avoidance strategies by improving your risk assessment with up-to-date credit risk information. Automate your income verification processes with Cash Atlas™ and reduce time to fund. This solution helps increase applicant conversion rates, reduce manual intervention to review document uploads, and improve visibility into debt-to-income ratio and true income.

“We’re removing a barrier for millions of newcomers to the U.S. who arrive and instantly lose access to the credit history they built elsewhere.”
ATUL RANJAN, VICE PRESIDENT OF NEW ACCOUNT UNDERWRITING AT AMERICAN EXPRESS

Building a Fair and Inclusive Financial System for the World

Nova Credit is a consumer-permissioned credit bureau that helps businesses make more fair and informed decisions on millions of ‘thin file’, no credit history, or new-to-country applicants. The Credit Passport® unlocks cross-border credit bureau data to help businesses underwrite new-to-country newcomer populations. The Cash Atlas™ provides greater insight into the cash flows of any applicant, including verifying their income with greater precision than alternatives. Businesses use these products to approve more applicants without taking on more risk, and consumers are empowered to put their best foot forward in their applications.

Resources

About Nova Credit Services

About Nova Credit

Services
Credit Passport®: The only way to help approve qualified immigrants for mainstream credit. Credit Passport® gives businesses the ability to assess the creditworthiness of U.S. newcomers to issue financial products like credit cards, loans, phone plans, and more. Our solution provides access to international credit data that’s translated in real time to a standardized credit report.
Cash Atlas™: Improve credit risk assessment using bank transaction data. Cash Atlas™ helps businesses improve risk prediction for thick-file consumers and expand credit access to thin-file and no-file consumers. Leverage consumer-permissioned bank transaction data to layer affordability on top of existing underwriting models.
Regions Supported
Global

APLYiD

Written by Amy Sariego on 27 Jan, 2023. Posted in Partners. No Comments on APLYiD

Partners

APLYiD

World-Class 30 Second KYC Through Biometric AML Checks

Key Benefits

KYC & AML verification software. Taking KYC to new levels with Face Match, Liveness and OCR of 16,000 global government documents. Reduce your fraud and customer drop off with the world’s most reliable biometric technology.
UK’s broadest coverage of consumer data. Supercharge your verification rates with the largest data of consumers in the UK.

“Since implementing APLYiD solution we’re now seeing a 35% uplift of customers moving through our onboarding process.”
MARK BALICH, HEAD OF PRODUCT AT LATITUDE FINANCIAL SERVICES

AML and KYC: Building the Best Customer Experience

APLYiD brings to the market, the fastest, most reliable, trusted biometric technology to verify your customers identity for AML compliance. APLYiD specializes in advanced biometric ID verification technology. Our SaaS solution provides a simple, superfast biometric ID match and check service that complies with regulatory legislations in every country in the world.

About APLYiD

Services
Face Matching
Liveness
AML Checks
PEP & Sanctions Checks
Regions Supported
United Kingdom
Australia
New Zealand

Basiq

Written by Amy Sariego on 26 Jan, 2023. Posted in Partners. No Comments on Basiq

Partners

Basiq

Unlock the Future of Open Finance

Key Benefits

Accelerate access to Open Banking. Basiq has been helping organizations access and use financial data since 2017. Basiq helps organizations determine a suitable CDR access model and provides a platform with all of the tools to consume Open Banking data in a CDR compliant way.
Data and payments in a single platform. Securely access powerful data insights and execute payments via a single platform. The addition of financial data to payments provides essential information about a consumer’s financial situation, opening doors to a whole new world of solutions to make finance easier.

“Open Banking helps us to harness an even better customer experience and great data insights for
smarter and more responsible lending. With scraping inconsistencies, our focus is on future proofing our business to ensure we can always service our customers in a reliable and secure way.”
BISHARA HATOUM, FOUNDER & CEO AT FUNDO

Basiq, the Leading Open Finance API Platform

At Basiq, our vision is Making Finance Easy. Finance is complex and it can be hard for consumers to make informed financial decisions. We see a world where consumers are empowered to make smarter financial decisions and to engage with their finances in new and unique ways.

Basiq enables this by providing an Open Finance API platform for businesses to build innovative financial solutions. Our partners include some of the fastest-growing fintechs and banks in the region. As the building blocks of financial services, the platform facilitates the relationship between fintechs and consumers by enabling access to consented financial data from 130+ financial institutions and executing payments.

Backed by Reinventure, NAB Ventures, Plaid, Touch Ventures, Salesforce Ventures, and Visa, over 200 fintechs rely on the Basiq platform to deliver solutions to market.

Resources

About Basiq

Services
Connect – Access account and transaction data in real-time
Enrich – Enhance transactions with merchant data
Affordability – Gain deep insight of your customer’s finances
Payments – Execute payments through the Basiq platform
CDR Open Banking – Acquire and use Open Banking data in a CDR compliant way
Countries Supported
Australia
New Zealand

Smile API

Written by Amy Sariego on 12 Dec, 2022. Posted in Partners. No Comments on Smile API

Partners

Smile API

One Trusted Source for Employment Data in Asia

Key Benefits

Access to Employment Data through one API. Smile API provides user-authorized access to recent, comprehensive, verified employment data that is accessible in real-time from employment documents, HR and payroll systems, gig economy platforms, and social security systems through a Singe API.
Make better credit decisions, increase conversion, reduce risk. Unlike traditional sources of credit data like credit scores, blacklists or submitted documents, we provide greater coverage, real-time access, and the most recent, comprehensive, identity and employment data that is available in the market today.

Smile Provides Employment Data Across Platforms and Employers, all Through a Single API

We are building infrastructure for alternative credit data by allowing borrowers to easily share their employment and income information to lenders. We aggregate and unlock previously siloed employment and income data coming from employment documents, HR and payroll systems, gig economy platforms, and government systems. Everything is done in real-time and with their consent.

Resources

About Smile API

Services
- Capture and verify a user’s identity including their name and contact information
- Capture and verify income and employment data in seconds. Retrieve them straight form the source, as well as receive other historical employment data included in their file.
- Get access to other alternative credit data points to better assess your user’s credit worthiness such as their gig transaction data, performance ratings, insurance contributions and outstanding liabilities.
- Automatically capture of data from scanned or photographed employment documents
Countries Supported
- Philippines
- Indonesia
- Singapore

Mastercard

Written by Amy Sariego on 9 Dec, 2022. Posted in Partners. No Comments on Mastercard

Partners

Mastercard

Smarter Data for Payments, Account Opening and Lending

Key Benefits

Better Data. Better Connections. Whether you’re seeking data from one of the largest financial institutions or the smallest credit union, Mastercard has you covered. Our connections cover 95% of all deposit accounts in the U.S.
Tomorrow’s Payments Begin with Mastercard Open Banking Data. We power apps and services with open banking data to underwrite and lend smarter, simplify and derisk payments, open and fund accounts and drive SME innovation. Scale quickly and create unique financial experiences with Mastercard.

“Mastercard’s open banking platform takes care of bank connections and allows us to focus on our mission of building the credit card of tomorrow.”
ALTERNATIVE CREDIT FINTECH

Trusted Data for Fintech Lending and Payments Innovation

Mastercard is a global technology company for lending, payments and account opening. We enhance access to capital by providing digital verification of income, assets and employment. Through our open banking platform, we drive an inclusive, digital economy that benefits everyone everywhere. We make transactions safe, simple, smart and accessible, reducing risk in payments through account owner verification, balance check and routing optimization. Mastercard’s consumer-permissioned data powers innovation with connections to the top FIs, wealth management, student loan and payroll providers. We partner with innovative financial institutions, lenders and fintech providers to give consumers and small businesses a leg up in a complicated financial world, helping to improve financial literacy, expand financial inclusion and ultimately lead to better financial outcomes.

Resources

About Mastercard

Services
Open Banking Data for Lending (card, mortgage, auto, personal, small business, tenant screening).
Open Banking Data for Payment Enablement (account verification, account-to-account payments, peer-to-peer payments, Buy Now, Pay Later).
Account Opening (account funding, identity, privacy).
Open Banking Data for Small Business (lending, payments and accounting/expense management).
Regions Supported
North America

Think360.ai

Written by Amy Sariego on 6 Dec, 2022. Posted in Partners. No Comments on Think360.ai

Partners

Think360.ai

Think360.ai – Accelerating Intelligent Transformation

Key Benefits

Algo360: Alternate Data and AI-Powered Credit Scores. Algo360 is India’s largest AI-driven alternate credit score solution that provides lenders with 1000+ alternate data points to gauge the creditworthiness of individuals. Algo360 enables financial institutions to extend credit offerings to the underserved population.
Kwik.ID: Digitally Onboard Your Customers, Kwikly. Kwik.ID is an AI-backed customer onboarding and video KYC solution. It provides secure, compliant, and customizable digital onboarding. Kwik.ID has onboarded over 300,000+ remote customers with an NPS of 95+.
AAmaze: Enabling the Account Aggregator Ecosystem. AAmaze is a TSP licensee enabling the AA ecosystem, with a bank statement analyzer and personal finance solution. AAmaze’s AI-powered platform deep-dives into the rich open data framework, to support cash flow-based lending, custom savings, and money management solutions for customers (even those with no prior credit history), including both MSMEs and individuals.

“Think360.ai has helped us unlock the power of alternate data and design a seamless customer journey. We’re able to underwrite a lot better now compared to using only traditional forms of data like bureau reports. As a result, we have been able to expand our customer base and lend to new to credit borrowers with confidence.”
ABHISHEK UPADHYAY, NAVI

Think360.ai – Full-Stack Data Science and AI Firm

Think360.ai is a full-stack data science and AI firm with market-leading products, solutions and advisory services, founded in 2014.

Their offerings include Algo360 (India’s largest alternate credit score), Kwik.ID (best-in-class video KYC and customer onboarding solution), FlowXpert (low-code partner management and API management solution), and a modular modern underwriting stack (with advanced AI/ML risk modeling, multi-data parser, credit policy design, Business Rule Management System, and Risk-based pricing solutions). Think360 has been a bootstrapped, profitable, and high CAGR organization since its inception, and has worked with industry giants like Bank of Baroda, Bajaj Finance, Aditya Birla Finance, IDFC First Bank, Navi Technologies, BharatPe, RBLamong others.

Think360 is on a mission to “Accelerate Intelligent Transformation” through “Ideas powered by data.”

Resources

About Think360.ai

Services
- Algo360
- Kwik.ID
- AAmaze
Countries Supported
- India

SEON

Written by Amy Sariego on 25 Oct, 2022. Posted in Partners. No Comments on SEON

Partners

SEON

Social and Digital Signals as Fraud Detection for a Modern Generation

Key Benefits

Expand your fraud prevention strategy with additional data. SEON checks more than 35 social and digital networks for real-time insights to give you additional data that helps you make more accurate decisions.
Flexible, modular APIs – pay for only what you need and scale easily. Built to be adaptable because every business deals with risk differently. Pick and choose from our APIs based on your specific needs. Customize rules and risk scores exactly to your risk model.

“We overlay SEON’s digital and social lookup with device fingerprinting to get a good indication of whether the phone belongs to the actual client. We can instantly filter out fraudsters and we get better intelligence to automate our decision making.”
JURIS RIEKSTS-RIEKSTINS, HEAD OF RISK AT FAIRMONEY.IO

Social and Digital Signals as Fraud Detection for a Modern Generation

Designed by fraud industry experts. Customer success by ex-fraud managers. We know your pains and how to fix it. Bring intelligence to your entire risk ops.

Resources

Fraud Detection and Prevention

About SEON

Services
- Data Enrichment – Email, Phone, IP, Card BIN lookup. Includes social media lookup.
- Device Fingerprinting – Modernized device fingerprinting that identifies new tools, settings and setups commonly used by fraud rings and bots
- AI & Machine Learning – Fully transparent whitebox machine learning so you can see exactly why and how a risk score is assigned
Regions Supported
- Global

Powerlytics

Written by Amy Sariego on 22 Oct, 2022. Posted in Partners. No Comments on Powerlytics

Partners

Powerlytics

Zero-friction Income Solution Covering 100% of Households

Key Benefits

IRS based income verification, 100% confidence and coverage. Powerlytics True Income is a suite of Income Verification and Estimation solutions that covers all sources of income and is underpinned by the anonymized tax returns of 150M U.S. households and covering over 200M adults.
Zero-friction income solution streamlines loan decisioning. Based only on an individual’s ZIP+4 and covering 100% of U.S. households, Powerlytics True Income solutions can help streamline loan decisioning by providing highly accurate income estimates or scores against a loan applicant’s stated income.

Powerful Data, Smarter Decisions

Powerlytics delivers the most comprehensive, accurate and granular U.S. consumer and business financial data available, underpinned by tax returns. Lenders leverage the highly predictive data for improving marketing and risk outcomes and benefit from Powerlytics True Income, a suite of zero-friction Income Verification Confidence Scores and Estimation products that covers 100% of U.S. households. Based only on an individual’s ZIP+4, Powerlytics True Income solutions can help streamline loan origination decisioning and be used as a replacement for customer-stated income to expand proactive credit line increases. True Income is built by using anonymized tax filings. As a result, the OCC has reviewed the solution and allowed commercial usage for marketing, underwriting, and proactive credit line increases to allow lenders to get to yes without customer friction.

Resources

About Powerlytics

Services
- Powerlytics True Income Solutions
- Powerlytics Business Revenue Estimation
- Consumer Loan Default Models
- Business Loan Default Models
- Consumer Targeting Models
- Business Targeting Models
Countries Supported
United States

Flinks

Written by Amy Sariego on 22 Oct, 2022. Posted in Partners. No Comments on Flinks

Partners

Flinks

The Financial Data Layer of the Internet

Key Benefits

Streamline data collection with open banking. Let users connect their financial accounts, gain instant access to retail, business banking and investment data. Flinks possesses industry-leading coverage of financial institutions in the U.S. and Canada, from KYC to transactional data or assets.
Improve underwriting with model-ready insights. Choose from over 1,800 attributes that provide enriched data output via our library, offering your business tailored and ready-to-use data in the form of trends, ratios, and predictive insights.

“It’s all about understanding our customers – and Flinks provides the best insight into customer behavior that exists.”
TYLER THIELMANN, VP OF CONSUMER LENDING AT SPRING FINANCIAL

The Easiest Way to Leverage Financial Data

Flinks is the easiest and most efficient way to use financial data. Our open banking API and no-code platform let you connect accounts, enrich data, and utilize it to power your products. Trusted by millions of individuals accessing financial services at world-class companies and serving innovators in lending, fintech, digital banking, asset management and insurance, Flinks is quickly becoming a global leader in financial data connectivity and analytics.

Resources

About Flinks

Services
Connectivity: Industry-leading open banking API for reliable financial data connectivity – over 11.000 bank connections, with incomparable reliability across retail and investment banking.
Enrich: No matter where you get your financial data, Flinks Enrichment is the smart analytics layer on top of your raw financial data that does the heavy lifting for you. Over 2000 attributes helping making your model stronger, more accurate.
Countries Supported
- Canada
- United States

MKTplace-data type: Alternative Credit Risk

WISE AI

WISE EKYC – an AI-Powered Identity Verification Solution

Key Benefits

Empowered Organizations with AI-Powered Identity Service

Resources

About WISE AI

Services

Regions Supported

Nova Credit

Expand Your Credit-Eligible Universe

Key Benefits

Building a Fair and Inclusive Financial System for the World

Resources

About Nova Credit

Services

Regions Supported

APLYiD

World-Class 30 Second KYC Through Biometric AML Checks

Key Benefits

AML and KYC: Building the Best Customer Experience

About APLYiD

Services

Regions Supported

Basiq

Unlock the Future of Open Finance

Key Benefits

Basiq, the Leading Open Finance API Platform

Resources

About Basiq

Services

Countries Supported

Smile API

One Trusted Source for Employment Data in Asia

Key Benefits

Smile Provides Employment Data Across Platforms and Employers, all Through a Single API

Resources

About Smile API

Services

Countries Supported

Mastercard

Smarter Data for Payments, Account Opening and Lending

Key Benefits

Trusted Data for Fintech Lending and Payments Innovation

Resources

About Mastercard

Services

Regions Supported

Think360.ai

Think360.ai – Accelerating Intelligent Transformation

Key Benefits

Think360.ai – Full-Stack Data Science and AI Firm

Resources

About Think360.ai

Services

Countries Supported

SEON

Social and Digital Signals as Fraud Detection for a Modern Generation

Key Benefits

Social and Digital Signals as Fraud Detection for a Modern Generation

Resources

About SEON

Services

Regions Supported

Powerlytics

Zero-friction Income Solution Covering 100% of Households

Key Benefits

Powerful Data, Smarter Decisions

Resources

About Powerlytics

Services

Countries Supported

Flinks

The Financial Data Layer of the Internet

Key Benefits

The Easiest Way to Leverage Financial Data

Resources

About Flinks

Services

Countries Supported