Empowering Lenders with Alternative Data beyond Traditional Credit Dat

Today, we’re excited to announce the launch of our new credit scoring APIs. These APIs leverage alternative data sources, including mobile money, bank statements, repayments, savings, and background data to provide a more comprehensive view of a borrower’s financial health.

Cladfy's Credit Assessment Suite offers a range of tools that complement each other to provide a well-rounded credit assessment:

Loan ability Estimate: Analyzes bank statements to assess income stability and repayment capacity.
Repayment Score: Evaluates historical repayment behavior to predict future performance.
Demographic Score: Considers borrower demographics like age, education, occupation, number of dependents, and income to assess creditworthiness for those with limited credit history.
Deposit Score: Analyzes deposit history to understand a borrower's savings habits and potential for meeting future financial obligations.

👍 By combining these tools, lenders gain a deeper understanding of a borrower's financial health, leading to:

Reduced Risk: More comprehensive data allows for better risk assessment, minimizing defaults.
Responsible Lending: Informed decisions ensure borrowers receive suitable loan products that meet their needs.
Financial Empowerment: Fintech lenders can empower borrowers by offering them credit opportunities they may not have qualified for otherwise.

Our APIs are designed to be easy to integrate with existing loan origination systems. We also offer a comprehensive suite of tools and resources to help you get started, including a live demo and a detailed API reference.

Next steps:

Learn more about our credit scoring APIs

We look forward to helping you improve your lending decisions and positively impact your borrowers' financial lives.

We believe that our credit scoring APIs can help lenders make a positive impact in the financial lives of their borrowers. We invite you to learn more about our APIs and how they can help you improve your lending decisions.

Introducing Cladfy’s New Credit Scoring APIs

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