Credit Scoring

FIDO implements effective credit scoring solutions for digital credit providers using digital footprint data.

FIDO Solutions provides a credit scoring solution that integrates with an existing provider’s client-facing mobile application. The mobile application can be intended for use on personal smartphones or point-of-sale kiosk devices. Using data collected only from independent sources, the proprietary risk models can improve risk performance and reduce time and cost of scoring. Providers can use FIDO to reduce credit losses, increase approval rates as well as expand to new customer segments. The risk models are suitable for use alongside existing in-house underwriting procedure as well as a standalone risk score.

FIDO Solutions risk models use advanced risk modeling techniques to build and continuously tune the models. Beginning with the collection of data points from the applicant’s digital footprint, the data undergoes complex transformation based on deep insight derived from human and artificial intelligence contributions.

FLEXIBLE ORIGINATION CHANNELS
INDEPENDENT DATA SOURCES
MINIMAL IMPACT TO USER EXPERIENCE
FAST DEPLOYMENT AND TIME TO MARKET
TESTED AND DEPLOYED ON THE GROUND

HOW IT WORKS

1. Integrate SDK
Easily integrate the FIDO Credit Scoring SDK in mobile app
2. Collect Data
Data is gathered with consent from user with minimal impact to UX
3. Calculate Score
A credit score is produced in seconds and available immediately
4. Activate the Score
The FIDO Scoring API integrates with underwriting processes for a seamless, fully online experience