ConfirmU

About ConfirmU

ConfirmU's goal is to change the way banks assess the risk associated with the unbanked population segment by taking into account a wider range of data points that include what ConfirmU believes to be a more realistic psycholinguistic analysis of the loan applicant whenever the bank needs to evaluate a credit score. The company provides a white label mobile SDK service, in particular for lenders in developing countries. Their scoring analysis is a hybridized model that captures an unbanked person's payment history through two channels: - E-wallet spending patterns; - The text they write on their their instant messaging mobile phone apps (with applicant consent).