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Alternative credit scoring partnerships help fintech companies lend better

Online lending marketplaces say their partnerships with credit information companies to offer free credit reports to customers makes their lending more efficient

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Last Updated : Mar 23 2018 | 12:32 AM IST

Financial technology companies have partnered with credit scoring companies to enable faster and more efficient lending. Online lending marketplaces Rubique and Bankbazaar said their partnerships with credit information companies Experian and CIBIL, respectively, to offer free credit reports to customers, made their lending more efficient.

“Our credit report partnership with CIBIL, as well as our proprietary credit score which blends alternative and conventional data, has helped us move from a blended approval ratio of 40-45 percent a year ago to around 65 per cent approval ratio now, said Manav Jeet, managing director and chief executive, Rubique.

Bankbazaar’s year-old partnership with

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