2 fintechs tie up to offer AI-driven credit scoring

Singapore

TWO Singapore-based fintechs have teamed up to extend their reach into the underbanked market in South-east Asia by using data-driven forms of credit scoring.

Alternative credit scoring provider CredoLab on Wednesday said it has partnered personal finance comparison website GoBear to launch smartphone Easy Apply, in Indonesia, the Philippines, Thailand and Vietnam, that allows banks, financial institutions and lenders to extend credit using artificial intelligence.