Introducing Radar 2.0
According to McKinsey & Company the credit market in Africa is valued at $1.7t and growing 6.2% YoY with an average NPL of 11.7% in 2021
As the lending industry continues to grow, lenders are constantly looking for ways to streamline their processes and improve their ability to make informed decisions about loan applications. This is where Radar 2.0 comes in — a new product we have launched that helps lenders easily discover all NUBAN bank accounts linked to their customers’ mobile number or BVN, ultimately boosting the customer’s loan application.
Radar 2.0 is a game-changer for lenders, as it provides them with accurate and reliable data that can help them make better lending decisions. By leveraging the power of technology, Radar is able to scan through millions of data points to discover all the NUBAN bank accounts linked to a customer’s mobile number or BVN, providing lenders with a comprehensive view of their customer’s financial history.
One of the key benefits of Radar is its ability to boost the customer’s loan application. By providing lenders with a complete picture of the customer’s financial history, including all their bank accounts, lenders are better equipped to assess the customer’s creditworthiness and make more informed lending decisions. This can result in faster loan approvals and more favorable loan terms for the customer.
Another advantage of Radar is its ease of use. The product is designed to be user-friendly, with a simple interface or API integration that allows lenders to quickly and easily access the information they need. This can help to streamline the lending process and reduce the time it takes for customers to receive their loans.
Radar also helps to minimize the risk of fraud and identity theft. By verifying the customer’s bank account information, lenders can ensure that they are lending to the right person and that their loan funds are going to the correct account. This can help to protect both the lender and the customer from potential financial losses.
Overall, Radar is a powerful tool that can help lenders make more informed lending decisions and boost the customer’s loan application. Its ease of use, comprehensive data coverage, and fraud prevention capabilities make it a must-have for any lender looking to streamline their lending processes and improve their bottom line. We are excited to see the impact that Radar will have on the lending industry and look forward to continuing to innovate and improve our products to meet the evolving needs of our customers.
Our mission at Creditchek is to bridge the trust gap that exists between credit businesses and credit-worthy consumers in Africa.
We can’t wait to see what you build with Radar 2.0.
Get access to API Doc here👉 https://docs.creditchek.africa/radar/getRadar
If you would like to see a demo, kindly schedule a call.
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