A look at the companies demoing live at FinovateAsia on October 14 through 15, 2019 in Singapore. Register today and save your spot.
FinBit.io, a leading data aggregation and analytics platform, is launching a disruptive credit analytics and scoring product – BankScore – to solve for people suffering with traditional credit scores.
- BankScore is based on analysis of an individual’s bank transactions
- Real-time aggregation and analytics using machine learning
- Solution addresses the large population that struggles with credit scores
Why it’s great
Traditional credit scores are broken and incomplete for developing economies as the majority of people may not have a credit card or loan history. BankScore disrupts just by analyzing a bank account.
Prashant Paliwal, Founder and CEO
Paliwal was driving Yodlee’s APAC fintech business before starting FinBit.io to address large pain points in India and Asia. He is a fellow from MIT Sloan, earned an MS from the University of Cincinnati, and holds two patents.
Ashvi Mittal, Product Manager
Mittal is instrumental in devising core analytics algorithms and products as well as driving sales from Mumbai. She holds an MS in Finance from EDHEC France.