Finovate Demo Video Archives

Presenter Profile:

How they describe themselves: Cantab PI is a R&D and consulting company focused on rapid data analytics and machine learning innovation, already adding value to critical business issues for some of the leading global corporations. While we have several ground-breaking machine learning models in production, our credit lending engine has been applied with success by a major European bank to profitably and effectively offer loans to non-bank, no-credit history customers. The technology is based on the most advanced machine learning technology, can be implemented off-line, and relies only on behavioral data available through open banking and PSD2 APIs and interfaces.

How they describe their product/innovation: Figure In is a real time loan approval engine for non-bank, no-credit history customers. The solution is extremely scalable, can run locally on a device, and is proven and tested on a portfolio of over a million customers of a major European bank. While the engine relies only on behavioral data available through open banking and PSD2 APIs and interfaces, and can operate well by using only 6 months history of the current account transactions and balances, the underlying credit scoring model is extremely predictive: in production it performs similarly or better than the legacy models of the bank relying on all the available information.

Product distribution strategy: Direct to Business (B2B), through financial institutions

Contacts

Bus. Dev. & Press: Sinisa Slijepcevic, CEO & Co-Founder, sinisa@cantabpi.com