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GoBear, Mambu, CredoLab team up to accelerate Asia lending business

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FINANCIAL services startup GoBear will partner cloud banking platform Mambu and alternative credit scoring provider CredoLab to accelerate its lending business across Asia, Mambu said in a statement on Monday. Read more at The Business Times.

It said that this enables lenders such as banks, consumer finance and insurance companies to make"the most granular assessments possible of their applicants".in Indonesia, the Philippines, Thailand and Vietnam. The feature allows banks, financial institutions and lenders to extend credit using AI.

CredoLab chief executive Peter Barcak said the company's ability to generate a credit score for customers who cannot prove their creditworthiness in the conventional financial system made it"uniquely positioned to support GoBear as they diversify their business and move into lending in a controlled way".

GoBear chief lending officer Mike Singh said using fintech solutions, such as those from Mambu and CredoLab, would help it bring access to responsible credit to more of the region’s 296 million unbanked or underbanked population.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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