Page 32 - Banking Finance December 2018

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a o ed sers to store and e chan e one increased odaco a o i e ser ice pro ider in an ania has
dai per capita cons ption e e s for ro h t o partnered ith irst ccess a for profit socia siness
percent of en an ho seho ds. foc ssed on data ana tics sin prepaid o i e data
to predict credit ris for cons ers ho ha e ne er had
core fro e is e is Ris o tions and
a an acco nt or a credit score. irst ccess offers an
in 2 redit irst core irect are so e of the ode s
instant ris scorin too for o inco e c sto ers
hich tar et the potentia orro ers in the ith
e era in de o raphic eo raphic financia and
itt e or no credit histor . hese ode s se a re ated
socia net or data fro a s scri er s o i e records.
p ic or proprietar data to de e op an a ternati e ris
he so tion offers a credit ris ratin in rea ti e a on
ased approach for credit ana sis. heir data so rces
ith a reco endation on the oan si e and e i i i it
t pica inc de e p o ent and address histor
for instant dis rsa .
propert and asset o nership an r ptcies iens and
decrees cri ina records identit records
. Beha io ra sti ations s ho etri
e erships ti it data etc.
re it orin
o ercia Ban of frica B and o i e operator
afarico a nched M h ari a di ita sa in s and Michae o pian 2 2 researched and ad anced the
oan prod ct that has pro ided s a credit i its o er science of h an attit des to ards in estin and conc ded
o i e phones ca ed nano oans to i ions of that ps cho o and the st d of the h an eha io r can
orro ers rin in the into the for a financia de i er a etter nderstandin of oti es desires and
sector. dri ers re atin to the financia decisions. B cate orisin
peop e into appro i ate t pes he post ated that each
ia a t rn e nano endin approach i ds on the
indi id a t pe sho d ha e a correspondin portfo io s ited
M sa e pa ro ti it pa ents one transfers
to one s te pera ent oss a ersion and ris appetite.
etc. as ench ar s for assessin the credit orthiness
of the prospecti e orro ers. ia a ses a ran e of
a ies ais e 2 f rther e tended the concept of
achine earnin ethods to red ce h ndreds of
eha io ra finance to inc de a ti it ca c ation that
potentia predictors into an opti a ode . sto
eas res an indi id a s e otiona persona it in respect of
ode s are desi ned for each en a e ent. ia a no
an ieties a o t financia osses ers s desires to a e
has ore than insta ations ith 2 c ients in 2
financia ains. Meas red o tco es the ti it position
co ntries in M ro ps ho ha e o er . i ion
of an indi id a eans the chances of a ore refined etter
end sers a on the .
att ned portfo io ana e ent. a in the asic a orith s
enddo a in apore ased co pan is another
of the eha io ra finance and co p in the ith the
e a p e hich has een s ccessf in ro in o t socia
co p e corre ations of predicti e ana tics can pro ide rea
edia credit assess ent across tip e eo raphies o ser ations that can e trans ated into a a e insi hts
s ch as the hi ippines o o ia and Bra i . e era in
a o t ris profi in and esti ation of the credit orthiness.
a proprietar a orith enddo rates orro ers on a
sin the concept ps cho etric s r e s that se a set of
sca e of to ased on their i e ihood to repa a estions to e a ate a potentia orro er s a i it and
oan. enddo oan app icants i e per ission to access
i in ness to pa are eco in rad a pop ar as a credit
data stored on their o i e phones as the phone ho ds
ris assess ent too .
tho sands of data points that ref ect one s persona
eha io rs s ch as socia connections acti it ro p ntreprene ria inance a has pioneered in the
e erships and co nications. he app icant s ra ps cho etric credit scorin thro h research at the ar ard
data are accessed e tracted and scored and ater enter for nternationa e e op ent. t e era es
destro ed the enddo. More than e e ents across ps cho etrics to e a ate the credit orthiness of
a socia edia profi es pro ide 2 data points per orro ers in o er 2 e er in co ntries inc din ndia.
a era e ser hich are harnessed to ather a re ia e Recent enddo and rient o ercia Ban ha e
and sef inference a o t the credit orthiness. oined to ether to ser e the n an ed pop ation of ietna

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