We help lenders make better decisions and give credit where it’s due.
Make more profitable and informed decisions.
Character-based assessment using alternative data can be used in a variety of ways.
Win new customers
Standalone
Score
Reach new customers with new products who are currently invisible. Our alternative data credit score can be used to assess credit invisible and thin-file customers with little to no credit history.
Keep customers
Reassess soft-rejected customers
Our insights can be used to ensure you don’t miss out on new and additional lending to creditworthy borrowers who have insufficient credit data.
Grow profitability
Uplift predictability of your current scores
Alternative data scores have little correlation to traditional credit scores, so they can be used in combination to provide greater predictability to existing scores and a more profitable loan portfolio.
Scarab offers behavioural data analytics for credit risk insight & decisioning to grow financial businesses, using zero personal data.
Make more profitable and informed decisions by incorporating alternative data into your credit assessment process
Scarab offers a SaaS platform that works with multiple data sources for a better understanding of credit risk.
Access to credit is access to opportunity. However that opportunity remains out of reach for many because traditional scores rely on limited sets of data.
While the exact models vary, broadly speaking a bureau considers credit repayment history in the last five to seven years.
We are proud to work with lenders that lead the way.
While a financial institution may want to lend to those with little or no credit history, the incumbent legacy credit score system simply does not allow them to.
Thin-file and no-file customers (those with little to no credit history) are ‘invisible’ to financial institutions.
A thin-file customer could be someone who is young, has recently moved to a new country, hasn’t used credit for a period of time (eg retirees who no longer have mortgages), or someone who generally pays with cash/debit cards rather than a credit card.
Without a credit history, financial institutions have no way of assessing risk. Traditional approaches to credit have little flexibility and are not serving the needs of consumers and the wider community.
Credit scores are flawed & outdated.
While the exact models vary, broadly speaking a bureau considers credit repayment history in the last five to seven years.
The system advantages certain people, and in turn discriminates against many others. The credit playing field is far from level today. It entrenches financial inequalities in the system.
The bureau score most people are familiar with today was only introduced in 1989, this relatively modern tool is already outdated.
Credit scores that only see part of the market also limit the business of lenders, cutting them off from many ‘good’ borrowers.
Features & Benefits
More Approvals
Our solutions let you assess people you normally could not reach, increasing your market.
Better Performing Risk
Gain greater insight into the likelihood of default to control NPL.
Efficiency
We can help you reduce time and increase efficiency in the credit application process.
Portfolio Management
Enhance portfolio management through better data to support policy and performance.
Faster Decisions
Assess people in minutes, credit insights returned in seconds.
Reduce Risk
Gain greater insight into the likelihood of default to control NPL.
