Transactional Data: The Future of Credit Scoring

Feb 28, 2019 / by Helene Stafferöd Westerlund

The financial services landscape has been radically evolving for the past decade, and credit scoring is no exception. Once the domain of a small number of credit bureaus, alternative credit scoring is democratising the credit underwriting process for banks and other lenders. This global trend shows no signs of slowing down, especially with the rise of digital-only banks and as more and more people use banking in unconventional ways, e.g. applying for a mortgage online.

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Topics: Compliance (GDPR, PSD2), Credit Scoring, Onboarding, Digitalisation, Digital Identity, KYC/AML, Alternative Credit Scoring, Credit Risk Management

The big Challenges Faced in KYC Implementation Today

Oct 25, 2018 / by Helene Stafferöd Westerlund

Recent developments, such as the European Union’s 4th AML Directive, highlight the challenges faced by financial institutions in ensuring KYC compliance in a continuously evolving regulatory landscape. It is now required that European companies disclose information regarding the beneficial owners. However, it’s extremely difficult to create best practices that multinational financial institutions can follow.

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Topics: Lending, Digitalisation, Digital Identity, KYC/AML