Neobank Software
For Real-Time Credit Risk Assessment and Onboarding
Alternative data-driven credit scoring and digital footprint analysis to enrich credit bureau scores.
Advantages of digital banking software
Get alternative data for credit scoring
Gain 400+ 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
Cut KYC expenses by up to 70% with identity verification for neobanks that flags fraudulent accounts early.
Enter emerging markets with powerful alternative data
Neobank loan management system that drives credit inclusion
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 400+ digital footprint signals to identify suspicious activity without KYC checks.
Risk management
Assess account risks with alternative data to 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 get from RiskSeal’s online banking software
Approval rate increase
400+ digital footprint insights in our neobank software to streamline the customer acquisition process.
Default rate reduction
Precise digital verification with software for online banking to remove suspicious accounts.
Enhanced scorecards performance
Fast decision-making with neobank lending software to block scam accounts instantly.
FAQ
How can RiskSeal assist neobanks in improving their credit scorecards?
RiskSeal delivers over 400 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 200+ 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.
