Solutions
About Us
Growing businesses through digital transformation
Credolab and NIU Solutions joined forces to provide integrated disruptive solutions catering to financial institutions. Using Credolab’s Embedded Scoring Technology and NIU’s proven expertise in the financial services digital transformation, we help banks, insurance companies and credit unions improve their loan screening process. As partners, we create tailored experiences for potential customers, better quality leads and therefore, greater revenue.
Why Should This Excite You?
Increased Approval Rate
Alternative scoring provides reliable complementary data for the loan application analysis.
Lower Acquisition Costs
Integrating predictive technology into the application screening optimizes the onboarding process.
Enhanced Customer Experience
Better data enables a seamless customer experience and increases positive sentiment.
Optimized Campaigns
Enriched data enables more accurate buyer personas and deeper insights for marketing campaigns.
Data Privacy Protection
Comply with privacy laws and regulations processing only consented, anonymous behavioral metadata.
Lower Cost of Risk
Highly predictive data allows more effective risk scoring and more accurate fraud detection.
Onboarding
Origination
Servicing
Collection
COVER THE E2E CREDIT LIFE-CYCLE
How does this partnership work?
Digital Onboarding
TransUnion's digital onboarding solution simplifies the application process for customers, reducing the need for multiple integrations and saving time and resources for IT teams. In addition to identity verification, credoSDK is integrated into TransUnion's digital onboarding solution to confirm the affordability of the applicant and avoid risky lending procedures.
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Benefits of Transunion's Digital Onboarding Solution
Reduce fraud, streamline the application process and improve the customer experience.
Anti-Fraud
Vetting and screening applications for loans and credit cards can be a complicated, time-consuming and expensive process. In collaboration with TruValidate, a TransUnion solution, credolab provides a comprehensive anti-fraud solution that can help detect and prevent fraud during the onboarding process.
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A comprehensive database of devices and fraud evidence:
In collaboration with TruValidate, a TransUnion solution, the fraud score algorithm is powered by the biggest network of devices and fraud reports in the world, with a base of over six billion unique consumer devices.
Identification of device and account linkages:
Identify suspicious devices from genuine ones and even the hidden connections between devices and accounts.
More secure than the traditional approach:
With a device metadata-led approach, it is possible to know the devices connected to the anonymous customer ID.
Agile in response and adaptability in collaboration with TruValidate:
The powerful and flexible business rules editor enables fraud analysts to react immediately to new threats.
To learn more about how to identify, assess and mitigate fraud risks with bespoke machine learning models, check out this comprehensive guide by our Customer Success Manager here.
Evidence
This rule triggers when a device has been confirmed as fraudulent
Watch-list
This rule triggers when the device is on a blacklist
Geolocation
This rule triggers when an application originates from a location marked as risky
Anomaly
This rule triggers when inconsistencies are identified on a device
Velocity
This rule triggers when the same device applies for multiple loans
Risk-Profile
This rule triggers when a device looks suspiciously like confirmed fraudulent devices
CredoScore
Crunches nearly 1 million behavioural features from opt-in metadata to generate credit scores
Device Risk
Uses device recognition and intelligence technology to track over 45 types of fraud and abuse
Insights from a Former Risk Officer
Learn from a former risk officer how to develop sophisticated fraud detection models that understand a fraudulent action and its intention.
Our SVP of Sales' interview with CNBC-TV18 on data privacy, embedded finance, industry trends and our growth plans
Discovering modern credit risk scoring in buy now, pay later
Challenge accepted:
How challenger banks can grow profitably
Access this ebook now to learn more about the latest thinking and research on how BNPL can thrive.
How do we fit into your business model?
Arrange a meeting with us to discuss