Credit bureaus not enough? Try these alternatives
Credit bureaus are supposed to be the backbone of the lending process, yet they often fall short. Let’s explore three other alternatives
How to use Mono with Lendsqr for credit scoring
One of these leading providers, Mono, is a technology company founded in 2020 by CEO Abdulhamid Hassan. They are 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.
3 alternative data to credit report for enhancing underwriting quality
Smart lenders must incorporate alternative data sources to improve underwriting and make more informed lending decisions.
How to set up CreditRegistry on Lendsqr
Fortunately, Lendsqr is fully integrated with the key credit bureaus across Africa — CRC, CreditRegistry, TransUnion, and FirstCentral, and you can get access to millions of data to help you make smarter credit decisions in a matter of minutes.
How to use myBankStatement with Lendsqr for credit scoring
The goal is to understand an individual's cash flow and overall financial capacity. Bank statements ideally offer the most granular data for this assessment.
