Banking as we know it today is dead. Your banking branch won’t exist 10 years from now, and neither will cost intensive, manual banking processes. We believe algorithms and automated processes are the way to customer-friendly banking. That’s why we offer individual products at individual prices to customers’ via their smartphones.
BIG DATA Scoring
Credit bureaus’ processes are primitive. 73% of the world’s population is not scored in credit bureaus. Those who are, are scored based on 5 factors which only take into account their repayment history e.g. their ability to pay phone and electricity bills.
100% of smartphone or computer owners generate data by anything they do with that device (be it social media, surfing, ecommerce purchases, financial transactions, etc.). Our proprietary algorithm factors in 15,000 data points, which are constantly changing based on newly identified patterns.
Kreditech started as an idea for an alternate credit bureau in 2012 with the purpose to sell better scoring data to banks. It has evolved to a lending business where the subsidiaries issue small loans for short durations. Why? Because banks didn’t see the potential in that scoring approach back then. So instead of selling credit scores, the Kreditech Group started building a “bank” around the idea of a credit bureau. Based on 15,000 dynamic data points – including social networks, mobile usage, location, e-commerce data etc. – the technology today allows us to serve these customers within seconds, 24/7 through automated processes. The plan for the future ahead is to constantly create, launch, test and scale products that make it more affordable, easier, faster and more convenient to get access to a wide range of financial products.
Nechte nám svůj e-mail a my vás budeme informovat o nových nabídkách společnosti Kreditech Česká republika s.r.o. a
Kreditech Česká republika s.r.o.