Banks evaluate a person only through limited financial history. Colendi evaluates your real-life data, which is distributed among various places, securely without collecting it, creating a true credibility passport.
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Basics
| Platform | N/A |
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| Accepting | Others |
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| Homepage | Website URL |
| White Paper | View/Download |
About
Transaction histories are valuable tools in assessing creditworthiness, as steady purchase habits over time may reveal stability and regularity that imply higher probabilities of on-time payments and therefore lower probabilities of default. Transactions can be leveraged to score credit across sectors and industries, from simple hardware stores to global shipping companies. They share attributes such as date of purchase, amount, descriptions of items, and involved parties.
However, it is important to allow the parameterization of any transaction history module to accommodate the major modes of its related credit evaluation across several industries and sectors. The fine-tuning of these base models and necessary supporting data integrations require substantial efforts, expertise, and resources.
The Colendi project is a credit scoring system that can leverage new sources of information about borrowers to assess creditworthiness in addition to traditional measures. Its technology creates financing opportunities for new markets of underserved individuals and businesses by evaluating complementary and distributed data segments of a user with the help of machine learning based credit scoring technologies.
