Mastercard uses data trove to help lenders make credit decisions

Editorial

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The Mastercard Credit Intelligence suite uses the payment giant’s network and proprietary data insights – such as transaction types, categories and identity signals – to help lenders make decision on lending to consumers and small businesses.

The suite promises to reduce the time lenders spend analysing and customising underwriting decisions by offering a more holistic picture of a borrower when paired with credit bureau history and telco data.

For example, a bank reviewing a loan from a 25-year-old with a thin credit file can, with the applicant’s permission, access Mastercard network insights – such as transaction types, categories and identity signals.

The suite is already being used in markets such as the US, Philippines, UAE, Australia and Brazil.

Kaushik Gopal, EVP business and market insights, Mastercard, says: “Together with our partners, we’re making lending smarter, more personalized and more secure – and in the process, helping to drive more entrants into the digital economy.”