Empower Your Neobank with Alternative Data
Powerful digital footprint analysis for scoring and data enrichment.
Key advantages for neobanks
Get alternative data for credit scoring
Gain 300+ insights to boost approval rates for financial products: loans, BNPL, and debit cards.
Empower financial inclusion
Attract new accounts and increase your profits with the power of alternative data.
Minimize onboarding risks
Identify fraudulent accounts even before KYC checks and reduce expenses by up to 70%.
Enter emerging markets with powerful alternative data
Score clients from emerging markets in real-time
Analyzing digital footprints from email, phone number, and IP address, neobanks get hundreds of useful data. It helps them identify valuable customers and effectively manage risks.
With real-time alternative data, we assist digital banks in clients’ scoring, minimizing onboarding risks, and identifying fraud.
Digital footprint insights
Get 300+ digital footprint signals to identify suspicious activity without KYC checks.
Risk management
Assess account risks with alternative datato lower default rates.
Identity verification
Get alternative identity checks through face matching and name analysis techniques.
Frictionless onboarding
Minimize drop-offs during onboarding by streamlining identity verification process.
Fraud prevention
Quickly detect and block fraudulent activities. Prevent mass fake account registrations.
Scalable system
Benefit from unlimited identity verifications and avoid overpayments with our pay-as-you-go model.
What neobanks can expect
Approved customer base growth
Identification of trustworthy customers from high-risk ones, even with low or no credit rating.
Proactive default prevention
Stop defaulting loans before they happen and avoid the cost of debt collection, or loss from no repayment.
Credit risk reduction
Real-time, accurate, and extensive data to spot default risk, even in underbanked areas or without access to a credit bureau.
Approval rate increase
300+ digital footprint insights to streamline the customer acquisition process.
Default rate reduction
Precise digital verification to remove any suspicious accounts.
Enhanced scorecards performance
Speed up the decision-making process to quickly identifyand block scam accounts.
FAQ
How can RiskSeal assist neobanks in improving their credit scorecards?
RiskSeal delivers over 300 data points that can be transformed into well-engineered features to improve credit scorecard performance.
Can RiskSeal identify suspicious accounts?
Yes, it can. Fraudsters frequently utilize email addresses and phone numbers with minimal digital footprint and commonly mask their activities using VPNs or proxies. In these instances, the rich dataset provided by RiskSeal proves invaluable.
What data from digital footprint can provide neobanks with information for credit scoring?
Internet usage is increasing globally, even in underbanked markets, so online activity provides a wealth of customer insights.
Paid subscriptions with Netflix, Amazon, or Spotify tell about spending habits and financial discipline, while GitHub, Atlassian, and LinkedIn uncover many insights about work experience.
Within a single check, RiskSeal covers 120+ different social & digital platforms, providing a comprehensive view for more nuanced scoring.
Can digital footprint analysis provide enough information for accurate credit scoring?
Absolutely. A digital footprint is a rich source of user insights, precious for younger generations who traditional data sources might not fully capture.
This method can encompass a range of metrics, including wealth indicators and gambling behaviors, providing a comprehensive view for more nuanced scoring.
Is RiskSeal capable of improving approval rates for credit products?
Yes, with its highly predictive data on creditworthiness, RiskSeal effectively increases approval rates.
How RiskSeal can improve the default ratio?
How does the integration with RiskSeal look like?
Can you provide examples of the digital and social footprint RiskSeal provides?
Does RiskSeal flag bad customers across the region?
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