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

Fintech start-ups tap small-town users
Premium

Nikhat Hetavkar Mumbai
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 23 2018 | 12:32 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com