Ambar Vitelli-Khosla
Strategic Partnerships
NayaOne is thrilled to announce that Algoan has joined the NayaOne Marketplace, making Algoan’s Credit and Payment Scoring services accessible to a diverse range of financial institutions. The Algoan platform is available for evaluation in the NayaOne sandbox. It will benefit firms looking to make the best credit risk decisions and assess client affordability in real-time with Open Banking Credit Scoring.
Algoan’s Credit and Payment scoring API is making the credit sector fairer, more inclusive and more responsible. The platform and API, based on Open Banking, assists firms with credit decisioning tools that can enhance client acceptance rates, improve risk management, and help make faster BNPL and credit decisions. With the Algoan dashboard, firms can access a streamlined and comprehensive view of client’s financial situation and ramp up their credit decisions. The platform leverages raw transaction data and transforms it into actionable credit insights, on top of which lending firms can build their own application and forecasting models. Algoan’s Credit and Payment scoring API is now accessible via the NayaOne Marketplace and is available to be evaluated by financial institutions, as well as other tech firms.
We are delighted to strengthen the collaboration between fintech and financial institutions through NayaOne. Our Credit Scoring API solutions come at a clear momentum when the credit and BNPL markets need reliable and instantaneous scoring tools to reduce their cost of risk.
Pierre Fournier
Head of Sales and Partnerships at Algoan
We are delighted to have onboarded Algoan’s rapid credit scoring solution onboarded to the NayaOne marketplace making the credit scoring process seamless for both customers and financial services institutions.
Oli Platt
Product and Marketplace manager at NayaOne
Algoan is a fintech revolutionising the credit sector by making it fairer and more responsible. Europe’s leader in credit scoring API, it provides fintech, retailers, and financial institutions with credit decisioning tools that can be embedded via a programming interface into processes for credit origination, BNPL, car subscription, and even mortgage. Based on Open Banking (the secure sharing of credit applicant bank data), Algoan solutions allow you to cut credit risk by up to a half, increase approved loan applications by 40%, lower processing costs, and offer a seamless 100% digital pathway.
