MEET PARETIX LENDING APP

  • Expand your reach to new customers asking for quick short term loans.

  • Proven low risk loans due to unique mobile phone behaviour data.

  • Increase your customers satisfaction with effortless loan process.

Over the last few years governments, NGOs and the private sector, had all invested huge efforts and capital to provide the unbanked population in emerging markets with access to the formal financial system. The growth in digital payments for the unbanked over the 10 years has been phenomenal. However, a large portion of the population had moved from being unbanked altogether to being underbanked, i.e. they can now transact digitally but the majority of them are unable to obtain easily access to credit and additional banking products that are considered critical from true financial inclusion.

CONNECTING THE DOTS

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THE CHALLENGE IN LENDING TO THE UNDERBANKED

Providing the underbanked with access to credit is not an easy challenge. Traditional lenders rely on the applicant's credit history, collateral such as property or deposits or a steady, documented income such as a salary. Most of the underbanked lack these three key assets: they have never taken credit before and therefore they have no credit history, in many cases they have no assets that can be used as collateral and most of them don't work in the formal economy, thereby lacking a steady job or a formal salary slip.

DEFINE YOUR OWN CREDIT POLICY

The Paretix system empowers you to define, execute and monitor a credit policy that supports your business goals. You can decide to be aggressive with one loan product, and conservative with another, and can alter those decisions at any time. 

Your credit policy defines your credit approval policy (e.g. which applicants should be approved) as well as the amount that you are willing to lend to each customer and for each product type, while balancing between the need to grow with the credit risk of each loan.

MONITOR YOUR INSTANT LENDING PORTFOLIO PERFORMANCE

To help you integrate digital lending, the Paretix solution includes tools to monitor the growth and credit quality of your instant lending portfolio, segmented into relevant dimensions like region, product type, etc.

In addition to these tools, our team will also guide you on insights into your new portfolio since fast growing credit portfolios in which the majority of credits have just been extended tend to show a very high level of volatility in risk profile, which can be confusing if not viewed within the right context.

LEARN MORE

To learn how Paretix can help empower your bank with instant lending, we offer a free, customized, one-on-one online workshop in which we discuss your requirements, showcase the Paretix system and explain how we would customize the solution to your requirements.

To schedule your own conversation with Paretix, please click the button below and we'll be sure to contact you