Cladfy empowers fintech lenders to offer financial inclusion by leveraging a suite of credit assessment tools beyond traditional credit scores.
Cladfy's Credit Assessment Suite: A Broader View
Cladfy offers a range of tools that complement each other to provide a well-rounded credit assessment:
- Cash Flow Analysis: Analyzes bank statements to assess income stability and repayment capacity.
- Repayment Score: Evaluates historical repayment behavior to predict future performance.
- Demographic Score: Considers borrower demographics like age, education, occupation, and income to assess creditworthiness for those with limited credit history.
- Deposit Score: Analyzes deposit history to understand a borrower's savings habits and potential for meeting future financial obligations.
By combining these tools, lenders gain a deeper understanding of a borrower's financial health, leading to:
- Reduced Risk: More comprehensive data allows for better risk assessment, minimizing defaults.
- Responsible Lending: Informed decisions ensure borrowers receive suitable loan products that meet their needs.
- Financial Empowerment: Fintech lenders can empower borrowers by offering them credit opportunities they may not have qualified for otherwise.
Building a Fair and Inclusive Financial Future
We're dedicated to financial inclusion and providing access to credit for everyone, regardless of background. That means making sure our decisions are fair and unbiased.
Here's how we achieve this:
- Focus on Relevant Data: We base our decisions on your financial history and other information that helps us understand a customer’s ability-to-repay.
- Mitigating Bias: We're constantly evaluating and improving our models to minimize any potential bias that may arise.
- Continuous Assessment: We'll keep evolving our practices and staying at the forefront of responsible decision-making in financial services.
Building Inclusive Products
We Exclude the following Data Categories: Gender, Race, Ethnicity, Religion, National Origin, Sexual Orientation, Disability, Medical History, and Political Opinion.