Qarar has announced a new partnership with CredoLab that will focus on applying its Embedded Scoring solution to assess credit risk and detect early fraud, relying on alternative Mobile and Web data.
Zaid Kamhawi, CEO of Qarar, commented “CredoLab has developed an impressive alternative data scoring solution that we believe has particularly strong potential in countries where there is a high transient population and an underbanked population. Alternative data for credit scoring has proven to help organisations be more inclusive in their lending decisions and accurate in their credit decisions when used alongside traditional scoring models. Through our partnership with CredoLab, we aim to help our clients expand their acquisition strategies with confidence. ”
The partnership combines Qarar’s credit risk expertise and market knowledge with CredoLab’s modern approach to risk assessment that provides highly predictive insights to businesses while preserving the privacy and focusing on seamless customer experiences.
Peter Barcak, Founder and CEO of CredoLab said “We are delighted to welcome Qarar to our growing partner network. Qarar’s expertise in credit risk management and decision automation tools together with their well-established presence and client base in the Middle East and North Africa will add great value to expansion plans in the region.”