Driving new standards of digital banking together
Learn how Fern Software partners with CredoLab to deliver AI/ML-powered credit scoring, helping lenders make faster, more accurate credit decisions.
Client Success Stories
Discover how credolab has transformed businesses by enabling data-driven decision-making and fostering growth through innovative solutions.
Why Should This Excite You?
Complete Digital Transformation
Get started instantly with the best of technology and open APIs that offer limitless power and possibilities.
AI-based Credit Scoring
Assess unbanked and New-to-Credit customers with real-time alternative credit scores and fraud checks.
Decreased Cost of Risk
Increase the accuracy of your credit decisions with alternative scores based on behavioural biometrics and device metadata.
Lending and Portfolio Management Solutions
Easily manage loan portfolios and comprehensively track all interactions with clients and businesses.
Quick and Efficient Solution
Go live and reap benefits of a 100% digital tool in weeks, not months with SaaS, cloud, and AI.
Credit Bureau + Alternative Data
Have a 360-degree view of each applicant by using alternative data in addition to credit bureau data when underwriting.
Onboarding
Origination
Servicing
Collection
COVER THE E2E CREDIT LIFE-CYCLE
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.
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 approal 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: Mastercard 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.
Insights for Every Issuer, Globally
Issue more credit cards to more deserving applicants without worrying about regulatory compliance or adding friction to the onboarding journey.
Instantly receive credolab's rich insights and predictive scores anywhere you issue credit cards.
Insights for Smarter Decisions, in Real Time
Credolab’s insights and alternative risk scores are delivered in real-time all via one API.
With credolab, banks, neobanks, and digital credit card issuers gain access to:
- Enhanced alternative risk scores
- Greater predictive power
- More accurate fraud checks
- Higher approval rate
- Reduced risk and fraud costs
