Powering real-time risk decisions together
Provenir joins hands with CredoLab to rapidly incorporate KYC, fraud, identity, and credit risk data into decisioning processes using the pre-built integrations within Provenir's light user interface. Together, we address the need for an alternative credit risk assessment that complements and improves the traditional processes.
Client Success Stories
Discover how credolab has transformed businesses by enabling data-driven decision-making and fostering growth through innovative solutions.
Why Should This Excite You?
Make Real-time Decisions
Trim the time-to-yes from days to less than 1 minute with powerful automation software at your disposal.
Enhance Data Quality
Elevate the accuracy, completeness, and reliability of client databases, ensuring businesses have access to high-quality information for strategic decisions, risk assessment, and customer engagement initiatives.
Mitigate Risk
Lower the cost of risk using a scoring model with high predictability empowering your underwriters to make better credit decisions.
Go-live faster
APIs and a low-code platform simplify the deployment process so you can reap the benefits with zero downtime.
Complete Data Privacy
Shorten the time-to-yes from days to less than 1 minute with creditworthiness done in real-time.
Agile and Ready to Scale
Feel the true power of an AI-driven solution combined with the embedded scoring technology to provide deeper and more accurate insights.
Onboarding
Origination
Servicing
Collection
COVER THE E2E CREDIT LIFE-CYCLE
Credolab x Mastercard Engage Partner Network
Digital First Component to Acquire
Accelerating time-to-market for Mastercard issuers looking to leverage credolab's alternative credit scoring solutions globally.
Credolab has joined the Mastercard Engage Partner Network as a Digital First Solution under the Digital Components for Acquire pillar.
How does this partnership work?
Digital Onboarding
TransUnion's digital onboarding solution simplifies the application process for customers, reducing the need for multiple integrations and saving time and resources for IT teams. In addition to identity verification, credoSDK is integrated into TransUnion's digital onboarding solution to confirm the affordability of the applicant and avoid risky lending procedures.
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Benefits of Transunion's Digital Onboarding Solution
Reduce fraud, streamline the application process and improve the customer experience.
Anti-Fraud
Vetting and screening applications for loans and credit cards can be a complicated, time-consuming and expensive process. In collaboration with TruValidate, a TransUnion solution, credolab provides a comprehensive anti-fraud solution that can help detect and prevent fraud during the onboarding process.
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A comprehensive database of devices and fraud evidence:
In collaboration with TruValidate, a TransUnion solution, the fraud score algorithm is powered by the biggest network of devices and fraud reports in the world, with a base of over six billion unique consumer devices.
Identification of device and account linkages:
Identify suspicious devices from genuine ones and even the hidden connections between devices and accounts.
More secure than the traditional approach:
With a device metadata-led approach, it is possible to know the devices connected to the anonymous customer ID.
Agile in response and adaptability in collaboration with TruValidate:
The powerful and flexible business rules editor enables fraud analysts to react immediately to new threats.
To learn more about how to identify, assess and mitigate fraud risks with bespoke machine learning models, check out this comprehensive guide by our Customer Success Manager here.
Evidence
This rule triggers when a device has been confirmed as fraudulent
Watch-list
This rule triggers when the device is on a blacklist
Geolocation
This rule triggers when an application originates from a location marked as risky
Anomaly
This rule triggers when inconsistencies are identified on a device
Velocity
This rule triggers when the same device applies for multiple loans
Risk-Profile
This rule triggers when a device looks suspiciously like confirmed fraudulent devices
CredoScore
Crunches nearly 1 million behavioural features from opt-in metadata to generate credit scores
Device Risk
Uses device recognition and intelligence technology to track over 45 types of fraud and abuse
Insights from a Former Risk Officer
Learn from a former risk officer how to develop sophisticated fraud detection models that understand a fraudulent action and its intention.
How does this partnership work?
About BRAVE by Credolab
An exclusive Digital Behavioural Analysis Solution
BRAVE is a sophisticated behavioural analytics solution designed to thrive in the mobile and online landscapes. It harnesses the vast availability of behavioural metadata, offering real-time information and insights to empower better risk and credit decisions.
SDK Integration
Operates through SDK Integration for Android, iOS, and web platforms
Data Collection
Collects 100% privacy-consented behavioural metadata
Behavioural Analytics
Seamlessly tracks user behaviour
Enhanced Experience
Ensures 100% frictionless digital experience
Evidence
This rule triggers when a device has been confirmed as fraudulent
Watch-list
This rule triggers when the device is on a blacklist
Geolocation
This rule triggers when an application originates from a location marked as risky
Anomaly
This rule triggers when inconsistencies are identified on a device
Velocity
This rule triggers when the same device applies for multiple loans
Risk-Profile
This rule triggers when a device looks suspiciously like confirmed fraudulent devices
CredoScore
Crunches nearly 1 million behavioural features from opt-in metadata to generate credit scores
Device Risk
Uses device recognition and intelligence technology to track over 45 types of fraud and abuse
2023 Expert Guide:
The Importance of Financial Inclusion Strategies and Policies
Explore this introduction guide to financial inclusion with a focus on LATAM (a snippet into Mexico) and APAC, the initiatives implemented and the overall challenges of financial inclusion.
Score every Mexican with BRAVE
BRAVE enable any bank, neobank, digital lender, BNPL player to assess 100% of their incoming applicants
People without credit history (NTC)*
Enable financial institutions to extend credit to New-To-Credit* individuals lacking a credit history, fostering financial inclusion.
Fraud Evaluation
Bolster fraud detection and prevention efforts with insights derived from behavioural analytics.
Credit Card Issuers
Empower credit card companies with a more accurate assessment of applicant risk.
Getting to know fraud detection:
How to use insights gathered
Learn how using machine learning and artificial intelligence applied to dynamic, fresh and real-time data gives the ability for analysis and utilisation to obtain insights and create more accurate behavioural models.
Our SVP of Sales' interview with CNBC-TV18 on data privacy, embedded finance, industry trends and our growth plans
Access the flipbook now to know what the best experts in Latin American fintech ecosystem have to say about financial inclusion and the use of alternative data.
What is a Digital First Solution?
Credolab: A Digital First Solution to Acquire
Mastercard chose credolab to support credit card issuers globally to approve more deserving applicants, even those that do not have traditional credit bureau data.
With credolab, issuers can now:
- Lower the cost of risk
- Decrease the cost of fraud
- Increase the approal rate
Digital First Components
Acquire
Providers of this component bring cardholder journeys to life, offering the capabilities required to approve more cardholders without adding friction to their onboarding journey.
Use
Providers of this component add cards to digital wallets effortlessly. Transact digitally across all channels including point-of-sale, online, and in-app.
Manage
Providers of this component enhance peace of mind. Digitally view card details, set controls, and contact customer service hassle-free.
Engage
Providers of this component elevate your journeys with a Digital First proposition through tailored offers and loyalty benefits.
Credolab: Mastercard Digital First Component to Acquire
Insights for Every Credit Card Applicant
Leverage credolab’s powerful behavioural data analytics platform built on proprietary machine learning (ML) algorithms. Analyse privacy-consented and permissioned behavioural biometrics and device fingerprint metadata for every applicant.
Insights for Every Issuer, Globally
Issue more credit cards to more deserving applicants without worrying about regulatory compliance or adding friction to the onboarding journey.
Instantly receive credolab's rich insights and predictive scores anywhere you issue credit cards.
Insights for Smarter Decisions, in Real Time
Credolab’s insights and alternative risk scores are delivered in real-time all via one API.
With credolab, banks, neobanks, and digital credit card issuers gain access to:
- Enhanced alternative risk scores
- Greater predictive power
- More accurate fraud checks
- Higher approval rate
- Reduced risk and fraud costs
How do we fit into your business model?
Arrange a meeting with us to discuss