Leveraging real-time data to reduce credit risk

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LendIt Fintech LATAM: Leveraging real-time data to reduce credit risk

The COVID-19 pandemic pushed approximately 40 million Latin Americans to enroll in banks, enabling them to use digital finance channels, e-commerce and credit for the first time. The sudden increase in volume and added demand outpaces legacy systems and human capacity leading to unprecedented credit risk and fraud exposure for financial institutions (FIs).

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