3rd Open Call
We offer creditworthiness and affordability assessment for individuals. Consumers receive the service for free, while businesses (mostly banks) pay for their inquiries. We provide mobility of the individuals’ credit profile and we enable credit assessment based on transactional behavior, which is a huge win for self-employed applicants, first time employees and more social groups.
We need to come up with more, value adding, services to incentivize individuals to keep using our service. To this direction we have evaluated credit card fraud and identity theft monitoring tools for them. This will be something new for the EU where most such systems are operated by banks who are very slow in informing consumers on potentially suspicious cases, mainly because of labor intensive processes. We will automate the process and alert consumers on suspicious activity so as they reach out pro-actively to their bank.