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Empowering Broader Credit Card Issuance With Behavioural Data.
Available on
Credolab and Mastercard to help financial institutions issue more credit cards to more consumers and Micro, Small and Medium Enterprises (MSMEs). This collaboration provides the most advanced technology and behavioural data to help underwrite new-to-credit, millennials, and any small business owner worldwide.
type
Business Model
Traditional + Behavioural Data
Territory
Global
what you get
Behavioural scores for 100% of credit card applicants
Why Should This Excite You?
Improved Predictive Power
Enhance the ability to predict creditworthiness and risk using comprehensive behavioural analytics.
Improved Risk and Fraud
Detect any borrower's likelihood to default for thin-file applicants, gig-economy workers, millennials, small businesses, and unbanked individuals.
Advanced Behavioural Insights
Score every applicant in under a second — fraud and credit risk evaluated on the same call.
Swift Response Time
Behavioural metadata brings new-to-credit and unbanked customers into scope, with anti-fraud built in.
Reduced Costs
Consented, anonymised behavioural metadata. No PII, no app content, no contacts.
Expanded Market Share
Combine device intelligence and behavioural risk through a single onboarding call. No parallel data pipelines.
CREDOLAB: 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.
CREDOLAB X MASTERCARD ENGAGE PARTNER NETWORK
Drive innovation and accelerate growth by using Credolab's alternative risk scores based on behavioural metadata
Leverage real-time scores and insights to make an instant credit card decision
Assess 100% of applicants with insights and scores based on metadata from behavioural biometrics and device fingerprints
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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,
With Credolab, issuers can now:
- Lower the cost of risk
- Decrease the cost of fraud
- Increase the approval rate
Digital First Components
01
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.
onboarding journey.
02
Use
Providers of this component add cards to digital wallets effortlessly. Transact digitally across all channels including point-of-sale, online, and in-app.
03
Manage
Providers of this component enhance peace of mind. Digitally view card details, set controls, and contact customer service hassle-free.
04
Engage
Providers of this component elevate your journeys with a Digital First proposition through tailored offers and loyalty benefits.