Solving Your Toughest Business Challenges with AutoML, Intelligent Data Collection, and Debt Collection
In today’s fast-paced and data-driven business world, staying competitive means addressing challenges proactively and effectively. Technology has become an effective ally in addressing some of the most challenging problems across a range of industries. This article will examine how integrating technology such as intelligent data collecting, debt collection systems, and AutoML may transform your business processes […]
How AI/ML-based credit scoring accelerated a lending application to become an industry leader
SCORING IN MONGOLIA AT THE TIME There were mainly two problems with credit scoring that were being used in Mongolia at the time. First, there was no automation used in scoring systems, and credit scoring had to be done manually for each loan request. Due to its heavy reliance on manual work and high operational […]
Digitalize identity verification and improve KYC process with customers’ financial data
Identity verification is essential everywhere in the digital world, and it’s especially vital in online financial services. It is required to know the identities of parties trying to access digital financial services since many risks associated with money exist in the digital world. Moreover, due to COVID-19 and the increased adoption of digital technologies, customers […]
The use of Lending Systems (LOS/LMS) in Financial Institutions
The use of Lending Systems (LOS/LMS) in Financial Institutions The last couple of years has been disruptive, to say the least, to almost every part of our lives due to the COVID-19 pandemic. With social distancing measures and lockdowns becoming the new normal, the traditional way of doing business, particularly in financing and lending – […]
What is a credit score?
Here’s what you need to know about what a credit score is and why maintaining a good credit score is important. What is a credit score? Credit scoring is the term used to describe formal statistical methods used for classifying applicants for their creditworthiness – determines the probability of default or delinquency of loan applicants. […]
Why digital identity verification?
Identity verification is essential everywhere in the digital world, and it’s especially vital in online financial services. It is required to know the identities of the parties trying to access digital financial services since there are many risks associated with money in the digital world. Moreover, due to COVID-19 and the increased adoption of digital […]
Choosing the right SaaS provider
Once you decided to outsource and work with a SaaS provider, choosing the right partner that fits your business is the crucial part. Here are 8 tips you should consider in choosing your SaaS provider: Understands you: It is important that the SaaS provider truly understands and matches your business strategy, better yet if the provider […]