Fintech companies have become an important part of the financial industry, providing innovative solutions for consumers and businesses. However, like any industry, fintech companies are not immune to economic downturns, such as a recession. To survive and even thrive during a recession, fintech companies can take certain steps to prepare and adapt. Diversify revenue streams: Having… Continue reading How Fintechs can survive during a recession?
Category: APIs
How can Financial SMS data be used for Credit Risk Assessment?
Credit risk assessment is an essential process for financial institutions that need to determine an individual’s creditworthiness. This process involves evaluating the borrower’s ability to repay the loan and the likelihood of defaulting on it. There are many ways to use alternative credit assessment tools. One such key source of information for credit risk assessment… Continue reading How can Financial SMS data be used for Credit Risk Assessment?