Tag: credit scoring
How Tech Companies Using Credit Scoring To Determine Eligibility
In the UK, tech companies are increasingly venturing into the financial sector, offering products like loans, credit cards, and buy-now-pay-later (BNPL) services such as Klarna. A critical component of determining eligibility for these financial products is credit scoring. This system assesses a customer's creditworthiness and risk level, allowing companies to make informed lending decisions. Here's…