HES FinTech is pleased to announce a strategic partnership with Credolab to strengthen AI-powered credit risk management options available to our clients. This collaboration will enhance HES FinTech’s technology partnership ecosystem  by leveraging Credolab’s expertise in alternative data-driven credit scoring, providing lenders with deeper insights into creditworthiness.

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This partnership allows HES FinTech to offer its clients AI-powered credit risk assessment  based on behavioral biometrics and device metadata derived from privacy-consented, non-personal, and anonymised smartphone and web interactions, analysed by Credolab’s advanced data analytics platform.  This responsible AI/ML enabled technology helps lenders expand their reach to underbanked and credit-invisible populations, boosting financial inclusion and improving loan performance.

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Our partnership with Credolab aligns perfectly with our goal of using technology to make lending more inclusive, efficient, and secure.

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Our partnership with HES FinTech solidifies our shared commitment to financial inclusion by leveraging advanced behavioural biometrics and device metadata analytics. Together, we empower lenders to responsibly expand access to credit and serve underserved communities more effectively.

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Both companies are focused on driving financial inclusion in emerging markets by giving lenders the tools to serve individuals and businesses previously outside the formal financial system. Together, they aim to enable lenders to make better lending decisions while managing risks effectively through AI-driven insights.

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It’s important to note that Credolab’s technology complements HES FinTech’s own AI/ML based decisioning platform, GiniMachine. The combination of traditional credit data and Credolab’s alternative data enables the two systems to work in concert, enhancing predictive strength of scoring models and providing lenders with greater precision and improved performance.

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About Credolab

Credolab transforms how financial institutions and lenders assess creditworthiness. Using proprietary AI algorithms, Credolab analyses over 70 million behavioural data points from smartphone devices to generate highly predictive credit scores, even for individuals with no traditional credit history. Operating across 30+ markets, Credolab helps businesses enhance decision-making accuracy, improve risk assessment, and increase financial inclusion. With a focus on privacy and compliance, Credolab’s solutions empower organisations to unlock new customer segments and drive responsible lending globally.

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This press release is originally from HES FinTech.

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Check out our LinkedIn post here.