EMPOWERING BROADER CREDIT CARD ISSUANCE WITH BEHAVIOURAL DATA
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.
Why Should This Excite You?
Improved Predictive Power and Capacity
Enhance the ability to predict creditworthiness and risk using comprehensive behavioural analytics.
Improved Risk and Fraud assessment
Detect any borrower’s likelihood to default for thin-file applicants, gig-economy workers, millennials, small businesses, and unbanked individuals.
Gain Advanced Behavioural Insights
Leverage credolab's proprietary alternative risk scores and insights as input in your general model, complementing credit bureau scores.
Swift Response Time
Reduce time-to-yes via automated decision-making without adding friction to the customer experience.
Reduced Costs
Streamline any operations and reduce unnecessary manual costs with credolab’s innovative solution.
Expanded Market Share
Expand your market share by increasing the accuracy of your risk assessment for every applicant.
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.
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
How to find
us on Mastercard
Mastercard global homepage > For innovators > Partner with us > Mastercard Engage > Mastercard Engage homepage > Connect with a qualified partner > Mastercard Engage partner directory > Credolab
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 approval 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: 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.
