.svg)
Industry
Global fintech provider
Country
Mexico
Solution
Alternative credit data enrichment
Table of contents
Client’s bio
Clicredito MX is a Mexican fintech company that simplifies consumer access to capital. With a fully digital application process, it offers rapid approvals and disburses funds within minutes.
Challenge
Many of Clicredito MX applicants had no credit history or financial background. Without much traditional data, it was hard to assess creditworthiness and increase loan approvals.The company was looking for alternative data sources to help grow its lending business. Their goal was to issue more loans and strengthen their position as a top lender.
Solution
Clicredito MX turned to RiskSeal as they found potential in digital footprints - online behavior that can reveal valuable insights about a person’s solvency.
They incorporated the following digital signals into their scorecards:
Career information. Job status, education, work history, and income potential.
Behavioral data. Shopping habits, gambling, social media use, and general internet activity.
Financial stability signals. Data about regular payments for online subscriptions, travel bookings, and online shopping.
Result
Clicredito MX successfully detects applicants’ financial discipline. They combined RiskSeal data with traditional sources, achieving the following results:
Client reference
Working with RiskSeal was a game-changer for our growth strategy. In markets where many applicants don’t have traditional credit histories, we needed a new way to evaluate creditworthiness.
RiskSeal’s digital footprint analysis gave us exactly that - deep insights into applicants’ financial behavior. Now, we can approve more loans with confidence, cut down on fraud, and grow our customer base - all without increasing risk.
.png)
.svg)