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How to use Mono with Lendsqr for credit scoring
Mono is on a mission to power the digital economy in Africa, using open banking as a layer for financial data, identity data, and bank transfer payments for businesses.
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3 alternative data to credit report for enhancing underwriting quality
Traditional credit reports can give lenders useful insights into a borrower’s financial history, but they do not always tell the full story. Alternative data can help lenders assess borrowers with limited or incomplete credit histories and make more informed underwriting decisions. In this article, we explore three types of alternative data lenders can use to strengthen credit assessment, improve risk evaluation, and make better lending decisions.
