Smile API will launch its pilot Fintech podcast on September 9 addressing the challenges in credit scoring that burden banks and other financial institutions.
Led by Smile CEO Jerome Eger, the debut episode will stream at 5 PM on YouTube, Spotify, Facebook, and LinkedIn participated in by Aian Guanzon, the business head of Global Dominion Financing, Inc. (GDFI).
The Smile API Podcast shall be a series of episodes that will feature experts and talents in fintech, banking, and credit risk management providing perspectives on digital banking, the open finance era, alternative data, and much more!
In the pilot episode, viewers will have the opportunity to learn about effective credit scoring solutions. They are designed to help lenders make the right lending decisions by having not only reliable but more importantly relevant information on loan applicants and potential customers.
For many lending companies, credit scoring could be tedious especially if done through traditional sources of credit data like credit scores, black lists, or manually submitted documents.
Thankfully today, advancements in information infrastructure have made it possible to make credit risk assessment faster and with more meaning and value through access to alternative data. They involve a wide variety of information like identity, employment, income data, and government transactions to name a few.
Other topics included in the pilot episode are KYC or Know Your Customer processes, dependence on digital mobile and online payments, open finance framework in the Philippines, as well as a beneficial use of income data.