TransUnion Kenya has announced the introduction of a credit score card, which provides lenders with a customisable and reliable tool to view the risk of customers borrowing through mobile phones.
— TransUnion Africa (@TU_Africa) June 23, 2017
Mobile loans now play an important part in the functioning of the economy, and have an empowering effect on small trader businesses that would have previously been unable to access any form of credit.
By rolling out the TransUnion Mobile Score Card, the firm is set to help more Kenyans to become active in the economy and in the financial services industries.
The innovation will also push unscrupulous loan sharks out of the picture by empowering lenders with predictive, customisable risk views, and consumers with alternative access to credit.
The scorecard is a database solution that continually ‘learns’ based on mobile transactional history, providing mobile lenders with a customisable, reliable risk view of their mobile loans.
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