About Tonik:
Tonik aims to revolutionise how money works in Southeast Asia as a transformative digital bank. With its foundations in the Philippines, Tonik offers an inclusive solution to increase individual financial choices. It is a digital-only bank that is simple to use and cultivates financial management all in one online platform.
As the world leader in internet and social media usage, Tonik believes the Philippines is ripe to become a world leader in digital banking as well. Furthermore, Tonik is officially the Philippines’ first neobank to secure a digital bank license from the Bangko Sentral ng Pilipinas (BSP) and its deposits are insured by the Philippine Deposit Insurance Corporation (PDIC).
Client Success Stories
Discover how credolab has transformed businesses by enabling data-driven decision-making and fostering growth through innovative solutions.
Greg Krasnov
CEO, Tonik Bank
We chose credolab because they are the global leader in leveraging smartphone behavioural data for risk assessment. They have been a key input in our general model and have accompanied Tonik since the very beginning of our lending journey. I'd recommend any lender to use their scores and 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.
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