Company Detail
CrePASS Solutions Inc
Category
FinTech
Vertical
Digital Assets
Company ID
371-88-00161
SFA Member
10/24 (Expired)
Business Model
B2B
Countries
Not Specified
CrePASS offers an alternative approach to traditional Credit Scoring Systems by providing a platform that evaluates individual's creditworthiness based on non-financial data sources.
Our cloud based platform provides for:
1) Multi source drawing from multiple diverse, large and unstructured data sources using deep learning, AI & ML and advanced analytical techniques.
2) The platform also offers credit decisioning capabilities and reporting capabilities which are useful for small lenders who might not have the resources to develop these capabilities in-house.
3) AI Risk Manager with Machine Learning capabilities (roadmap to full AI capabilities) to use in pre-screening, targeting, approve/reject/refer decisions, optimized pricing decisions, credit line/limit management decisions, etc. These algorithms captures the accumulated expertise decision optimizations techniques of over 20 years in Korea and the world.
The CrePASS solution targets lenders (Banks/Neobanks/BNPL/Fintech, etc.) who want to serve thin-filers and those with below average credit.
We aim to support the increasing provision of Digital Financial Lending Products to the Underbanked/Underserved population through overcoming the challenges in assessing credit on them.
Traditional Credit Scoring Systems often fails to capture the creditworthiness of thin-filers based solely on financial transaction history, limiting access to financial loans. CrePASS solution incorporates non-financial big-data (e.g. Mobile, Utility, Psychometrics, Mobile, etc.) to provide a more comprehensive evaluation, opening up greater possibilities for lenders who want to target thin-filers.
CrePASS offers unique convergences of traditional approach to Credit Scoring and Alternative Data Credit Scoring Solution.
Achievements include:
• 1st Alternative Data Credit Bureau in South Korea (2021)
• Over 130+ Credit Scoring Projects in South Korea.
• Patented Alternative Data Scoring technologies
• 4 countries served in Asia and growing.
https://www.crepass.com/
Our cloud based platform provides for:
1) Multi source drawing from multiple diverse, large and unstructured data sources using deep learning, AI & ML and advanced analytical techniques.
2) The platform also offers credit decisioning capabilities and reporting capabilities which are useful for small lenders who might not have the resources to develop these capabilities in-house.
3) AI Risk Manager with Machine Learning capabilities (roadmap to full AI capabilities) to use in pre-screening, targeting, approve/reject/refer decisions, optimized pricing decisions, credit line/limit management decisions, etc. These algorithms captures the accumulated expertise decision optimizations techniques of over 20 years in Korea and the world.
The CrePASS solution targets lenders (Banks/Neobanks/BNPL/Fintech, etc.) who want to serve thin-filers and those with below average credit.
We aim to support the increasing provision of Digital Financial Lending Products to the Underbanked/Underserved population through overcoming the challenges in assessing credit on them.
Traditional Credit Scoring Systems often fails to capture the creditworthiness of thin-filers based solely on financial transaction history, limiting access to financial loans. CrePASS solution incorporates non-financial big-data (e.g. Mobile, Utility, Psychometrics, Mobile, etc.) to provide a more comprehensive evaluation, opening up greater possibilities for lenders who want to target thin-filers.
CrePASS offers unique convergences of traditional approach to Credit Scoring and Alternative Data Credit Scoring Solution.
Achievements include:
• 1st Alternative Data Credit Bureau in South Korea (2021)
• Over 130+ Credit Scoring Projects in South Korea.
• Patented Alternative Data Scoring technologies
• 4 countries served in Asia and growing.
https://www.crepass.com/