New to Bank

CredoLab’s Digital Scorecards Based on Smartphone Device Data Led to +170% Approval Rates for an Indonesian Bank Tapping the New-To-Bank Customers

The Challenge

  • Increasing approval rates
  • Lack of credit bureau data
  • Low predictability of existing underwriting process

    The Solution

    • Increasing approval rates
    • Lack of credit bureau data
    • Low predictability of existing underwriting process

    Approval Rate

    27%

    User Adoption

    78%

    (% of customers who grant permissions)

    Time to Yes

    <5s

    (time from scoring request to response)

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