FinovateFall 2024 / Carrington Labs
Presenter Profile:
How they describe themselves: Carrington Labs offers alternative AI credit risk scoring and loan limit recommendations tailored to each lender and their unique lending products.
Carrington Labs uses non-traditional data and combines data and credit expertise with commercial acumen to generate a fuller picture of a loan applicant’s creditworthiness to inform lenders’ credit decisions and lending strategies. Our approach aims to empower lenders to be more inclusive while increasing revenue, decreasing default rates, and improving margins for their business.
How they describe their product/innovation: Carrington Labs is demoing an AI-powered platform that provides alternative credit risk assessments and loan limit recommendations tailored to each lender’s unique products.
Utilizing non-traditional data sources, such as transactional data, our platform generates alternative credit risk scores and personalized loan limit suggestions that enable lenders to make more inclusive lending decisions, optimize revenue, reduce default rates, and enhance profit margins.
Seamlessly integrated via API, our solution scales with a lender’s growth.
Product distribution strategy: B2B, through FIs, through other fintech companies and platforms
Credit Union/Community Bank Fit: Credit unions and community banks
Contacts:
Bus. Dev.: Marco Grill (Enterprise Sales Lead), marco.grill@carringtonlabs.com, 614-555-01703
Press: Noeleene Yap (Marketing & Communications Manager), noeleene.yap@carringtonlabs.com, +61-489995082
Website: carringtonlabs.com
LinkedIn: linkedin.com/company/carringtonlabs
HQ: Sydney, NSW, Australia
Founded: March 2024
Product Demoed: AI Powered Credit Risk Scoring Platform
Presenters: Marco Grill – Enterprise Sales Lead | Kasey Kaplan – CCO
- Key Executives
Jamie Twiss (CEO), Kasey Kaplan (Chief Commercial Officer), Elena Chan (Risk Officer & General Counsel), Rajini Carpenter (CTO)
Key Stats
- Key Board Members
Brian Hartzer (Chair & Non‐Executive Director, Beforepay Group; CEO, Quantium Health), Daniel Moss (Non-Executive Director, Beforepay Group; MD, VFS Group), Patrick Tuttle (Non-Executive Director, Beforepay Group; Non-Executive Chairman, COG Financial Services Limited), Stefan Urosevic (Non-Executive Director, Beforepay Group; ED & CFO, VFS Group)
- Key Customers
Carrington Labs was created to serve a wide range of FIs, with a focus on lenders seeking to enhance their credit risk assessment capabilities and improve the performance of their lending portfolios. By leveraging our advanced, explainable AI models that integrate non-traditional data and predictive analytics, clients gain deeper insights into borrower behavior, optimize loan limits, and reduce default rates, driving more personalized and inclusive financial products.