Latin American Fintech Case Study

Client: Latin American fintech

Challenge: This new and ambitious fintech wanted to create a 100% digital process that allowed the underbanked population in Latin America to access credit in a simple, transparent, fair, and responsible way.

Solution: FICO® Platform

Results: After implementing FICO Platform with decision management and fraud protection in the cloud, this innovative fintech achieved a 40% reduction in credit assessment costs, and autonomy over changing business rules, all the while providing better lending access to underbanked customers in a 100% digital environment.

• 40% reduction in credit assessment costs
• Flexibility and speed within a rapidly developing market
• Near-immediate time to market for business rule changes
• Partnership with 50+ buy now, pay later retailers and marketplaces
• 40% lender insured in case of unforeseen events, job loss, or death
• Top three credit fintech within two years of operation