In today’s digital world, information is easily accessible and can be shared among different entities. As a result, it is important that the privacy of the user is protected. CredoLab is a mobile-based solution provider that offers FinTech services to participating financial institutions. CredoLab provides a secure, privacy-protected, and convenient way for users to check their likelihood of been approved for a particular financial service.

This app is used by financial institutions to generate an alternative credit score when they make an application for a loan or credit card. CredoLab uses an algorithm that is trained on data collected from your smartphone. 

How does CredoLab work?

When you make an application for a loan or credit card with a participating bank, the bank may ask you to download this app to receive an alternative assessment of your creditworthiness.