Crowdo Announces Bank Neo Commerce as Its Digital Bank Prime Partner
Banks have access to an AI-powered credit scoring infrastructure and a digital onboarding process
Fintech startup Crowdo announced a partnership with Bank Neo Commerce (BNC) to increase SME financing. This is Crowdo's first-ever partnership since declaring itself a neobank service.
In an interview with DailySocial, Crowdo's Group CEO, Reona Shimada explained, they offer comprehensive digital technology and infrastructure for digital banks in this partnership, and it will take a long time if it's to be built independently.
BNC has access to technology such as an AI-powered credit scoring engine that Crowdo engine has built and trained for three years. It is said that Crowdo's portfolio performed up to 70% better with this tool than traditional bank loans for SMEs during the pandemic.
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