Credolab partners with Strands to make smart money management smarter
July 1, 2021
CredoLab Raises USD 7 million in Series A Investment Round Led by GBG; Plans expansion in US and other markets
Strands’ AI-driven solutions to help banks anticipate customer needs now combine the power of credolab’s embedded scoring technology to provide deeper and more accurate behaviour insights
Strands (CRIF Group), the global experts in Big Data, AI and Machine Learning that creates highly customisable digital money management software, announces a new partnership with credolab, the most advanced, predictive, and accurate alternative scoring provider in the market today.
Retail banks often struggle to improve engagement and extend long-term value to their customers. A shortage of relevant data leaves them unable to make good recommendations and bring more people to their products.
Strands and credolab provide a one-stop solution for banks looking to grow their top-line by helping people be smarter with their money. By embedding credolab’s solution into Strands’ Personal Finance Management (PFM) software, this partnership enables any bank to make better, more timely and relevant product recommendations. For the first time, banks are able to transform complex data into relevant customer insights with embedded risk assessment in real time.
Peter Barcak, Founder and CEO of credolab said: “We are delighted to welcome Strands to our growing partner network. Strands’ expertise in developing customisable digital money management solutions for banks will add great value to our clients globally. We are confident that our embedded technology will help Strands develop solutions to promote a more delightful way of banking that empowers customers with meaningful interactions, and makes them happier, more loyal, and more profitable.”
Erik Brieva, CEO of Strands, commented: “By partnering with credolab, Strands is in a stronger position to deliver state of the art financial management solutions to banks worldwide.This collaboration will allow us to embed next generation scoring technology into our AI-driven product suite, meeting financial institutions’ increasing demand for smart, highly customisable, and scalable FinTech white-label solutions.”
Strands is a FinTech software company, part of the CRIF Group, which develops AI-driven solutions for banks and financial institutions to help increase customer engagement and generate new revenue through digital channels.
With the mission of improving the bank-client relationship, Strands draws on its more than 15 years’ experience in Big Data, Machine Learning, and Artificial Intelligence, developing highly personalised digital money management solutions that empower people to better manage their lives and their businesses, and to make smarter financial decisions.
Headquartered in Barcelona (Spain), Strands has a strong presence in Europe, North and Latin America, and Asia, and has collaborated on delivering more than 700 digital banking implementations worldwide.
Contact us: http://strands.com/company/contact/
For more information contact Channel Partnership Director, Fion Fok, on: fok@strands or +447311992638
We believe loans improve lives. We also believe traditional banking processes leave a lot of people out of the process. That’s why credolab is changing the way the world looks at credit. Our pioneering technology calculates credit scores based on people’s mobile and web behavioural data— so lenders can make decisions based on the way people live and work in the modern world. Making loans more accessible to more people benefits everyone.
Contact us: https://www.credolab.com/contact
For more information contact our Chief Product Officer, Michele Tucci, on: email@example.com