New Tech Prevents Excessive Debt Incursion

Nov 27, 2018 / by Raiha Buchanan

At Instantor we want to contribute to a more inclusive and fair financing market. We do this by making people's financial lives easier and helping organisations to understand their customers’ true financial capacity, using transactional data.

Our client, Lendify – Sweden’s largest marketplace for loans – wrote a great opinion article on how traditional credit assessments need to be updated. How new technology, like our AI credit predictor – Insight – can provide a more accurate and detailed risk analysis for lending organisations and be a force for a healthier lending market. Please enjoy a translated version by us that was originally published in Swedish by in October 2018.

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Topics: Alternative Credit Scoring, Financial Inclusion, Credit scoring, Credit report, Risk

How Alternative Credit Scoring can Give Refugees a Second Chance

Aug 7, 2018 / by Sarah Kok

The traditional credit scoring system has long been used as the primary method to rate a person’s creditworthiness. The current rating system is led by a select handful of major credit bureaus and agencies within each country, who hold the power to determine an individual’s credit eligibility. Yet new systems, known as alternative credit scoring methods, make a strong case for providing a fairer and more modern scoring system and are already making huge strides in shaking up the industry.

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Topics: Tech, Credit report, Credit scoring

Ultimate Guide: GDPR Impacts on Credit Ratings

May 11, 2018 / by Raiha Buchanan

The rate of data growth is quite staggering. According to George Lee, CIO at Goldman Sachs, 90% of the world’s data has been created in just the past two years alone. With more and more data available, many agree that stricter regulations are needed to protect the rights of consumers’ personal data. Particularly in light of the recent Facebook data breach, it is important that measures are put in place to protect consumers’ rights as well as clarify how companies can interpret data to ensure these rights are protected.

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Topics: Credit report, Credit scoring, Data, Risk, GDPR