Artificial Intelligence Applications for Lending and Loan Management

Lenddo – Digital Footprint Analysis

One startup aggressively using advanced machine learning to comb through vast sources of alternative data to predict an individual’s creditworthiness is Lenddo. The company started in 2011 and focuses on emerging markets where rising middle classes often lack traditional credit histories or even bank accounts. They claim 5 million people receiving loans via their partners because their system was able to evaluate their creditworthiness.