CIMB Bank Philippines: Partners with CredoLab

0
56

CIMB Bank Philippines: Partners with CredoLab

  • Extend financial products to underbanked “thin-file” customers in the Philippines starting with personal loans
  • Therefore CIMB Bank Philippines uses CredoApp to instantly score applicants including “thin-file” customers who lack sufficient or any traditional credit bureau data
  • Filipinos can enjoy in-principle approvals on their personal loans through the CIMB App
  • Therefore CredoApp’s bank-grade algorithm analyses nearly 500,000 features from opt-in and permissioned smartphone metadata
  • Therefore enables banks like CIMB to understand the repayment behaviour and creditworthiness of their applicants with greater accuracy
  • CIMB Bank steadfast in adopting the latest technologies to present the best banking solutions to their customers