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20% reduction on suspected fraud

Get detailed insights and analysis on borrower identity using alternative data for more accurate fraud detection.
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We Help You Prevent Fraudulent Loan Applications

Fraudulent loan applications pose a significant threat to financial service providers. At PowerCred, we ensure that fraud detection is at the forefront of our operations to maintain the integrity and security of lending services. 

Implementing a robust finance automation solution enhances the loan processing identity verification process, ensuring that only legitimate applicants are approved. By leveraging digital identity verification, lenders can accurately confirm the financial identity and onboarding of borrowers, significantly reducing the risk of identity theft and fraudulent loan applications.
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Lowering the Client’s Fraud-Related Losses by 55%

65%

lesser verification time

50%

increase in approval rates

75%

faster lending process
A leading Indonesian consumer finance company faced significant challenges in their lending processes, including delays from manual identity verification, inadequate credit assessment methods, high fraud risk, and limited capacity to meet growing demand. 

In partnership with PowerCred, the client implemented AI-based identity verification, advanced credit assessment algorithms, and advanced fraud detection systems. This enabled more precise risk pricing, contributing to sustainable and profitable lending practices. On top of that, the client enjoyed more streamlined user experience, which resulted in improved customer retention and positive feedback.

What You Can Do With Better Fraud Prevention

Monitor Telco Usage

Verify and assess customer telco usage and number usability

Validate Borrower Contact Details

Conduct multi-level validation of customer contact details using the borrower's wallet data.

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We help you do what you do best

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“PowerCred and Akselaran are working hard to explore alternate data that is accessible, useful while also complying with current industry regulations.” We are excited and looking forward to the journey ahead”

Faizal Purwanto, Chief Risk Officer, Akseleran

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“Our partnership is focused on creating a more comprehensive borrower profile, leveraging PowerCred’s expertise in data intelligence to optimize our lending operations. This collaboration ensures greater efficiency and accuracy in our lending processes, ultimately enhancing the overall borrower experience.”

Gandeng Tangan

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“Partnering with PowerCred  has helped us optimize our  operational processes, and helped enable a more efficient and robust customer acquisition process. We look forward to working closely with PowerCred to solidify our mission”

OTO

“I have huge respect for PowerCred that’s helping build an ecosystem to help financial service providers empower women entrepreneurs in Southeast Asia.”

Amrita Vir, Co-Founder of Findicate

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PowerCred revolutionizes lending with advanced data solutions, providing lenders robust tools for identity checks, credit assessments, and fraud defence, seamlessly integrating validated structured data for precise analysis and decision-making.

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Address

160 Robinson Rd, #03-12 SBF Center, Singapore 068914

Phone Number

Shrinivas Deshmukh (CTO):
+65 96549572