Alternative Credit Scoring in the US: Innovators Applying Data Science to Unlock Financial Potential of ‘Thin-File’ Individuals

By | March 1st, 2017|Categories: Uncategorized|

In 2015, there were 26 million credit invisible consumers in the US, according to the report by Consumer Financial Protection Bureau (CFPB). Although those people are credit-invisible for the traditional sector, their everyday activity and alternative [...]

No Credit History? No Problem. Lenders Are Looking at Your Phone Data

By | November 28th, 2016|Categories: Bloomberg|

"Financial institutions, overcoming some initial trepidation about privacy, are increasingly gauging consumers’ creditworthiness by using phone-company data on mobile calling patterns and locations. The practice is tantalizing for lenders because it could help them reach some [...]

Cellphone Use to Determine FICO Scores Abroad

By | October 26th, 2016|Categories: Wall Street Journal|

"How often do you call or text your friends? Credit scores for some consumers outside the U.S. will soon be based on that. Fair Isaac Corp., or FICO, plans to announce Tuesday that it will start letting nonfinancial [...]

This New Kind Of Credit Score Is All Based On How You Use Your Cell Phone

By | April 28th, 2016|Categories: Fast Company|

"In many emerging market countries, where the cash economy is more prevalent and credit is less common, far fewer people have any credit history, and thus have no credit score at all. The World Bank [...]

Cignifi and Equifax Partner to Bring Next-Generation Credit Scores to Unbanked Population in Latin America

By | March 30th, 2016|Categories: Business Wire|

"Cignifi and Equifax, a global information solutions company, today announced a multi-year partnership that will help Equifax expand its credit scoring capabilities in Latin America. The agreement will leverage Cignifi’s path-breaking analytics and technology to [...]

A Key Question of the Digital Era: How Much Information is Too Much?

By | February 8th, 2016|Categories: Techonomy|

"Mobile technology is rapidly changing the way we live. This is most dramatic in emerging countries that have simply skipped the static world of desktop computers and one-to-one emails and moved directly to the untethered, [...]

Fintech Start-Ups Need Not Be A Threat

By | November 10th, 2015|Categories: Informilo Magazine|

"Cignifi, a Cambridge, Massachusetts-based start-up funded by eBay founder Pierre Omidyar’s investment firm and American Express Ventures, calculates a person’s credit-worthiness from their mobile phone calling history...  It offers its technology platform to banks and [...]

The Digital Revolution and its Impact on Emerging Market Customers

By | October 28th, 2015|Categories: Omidyar Network|

" developing the ability to assess the creditworthiness of previously unbanked consumers at a significantly lower cost compared to the brick-and-mortar banking industry cost." Read More

Bank In Your Pocket – Mobile Finance for the Unbanked Masses

By | May 9th, 2015|Categories: The Economist|

"In emerging markets, tech-driven firms such as Cignifi, an American group with operations in Mexico, Ghana and Brazil, try to generate credit scores based on things like records of mobile phone calls. Increasingly, poor-country consumers [...]

IFC Partners with Cignifi to Grow Usage of Mobile Financial Services in Uganda

By | February 4th, 2015|Categories: IFC|

"International Finance Corporation (“IFC”), a member of the World Bank Group, Airtel Uganda and Cignifi teaming up to expand the adoption and growth of Airtel’s Mobile Money platform, an e-commerce service." Read More