Skype co-founder helping the unbanked with Oriente

Geoff Prentice, Co-Founder

Oriente –

  • “‘We firmly believe that alternative data has the potential to unlock enormous economic value!  Only 31% of the adult population globally is covered by credit bureaus.’
  • Artificial intelligence facilitates financial institutions in scoring the creditworthiness of potential borrowers using alternative data sets.
  • According to the World Bank, 1.7 billion people remained unbanked in 2017.  
  • a typical pawn broker could charge a 24% annualized interest rate, with outlying cases in excess of 30% annual interest.
  • ‘Our rates for our pioneering O2O (online to offline) consumer financing or digital credit solution range from 0-4%,’ explained Prentice.”

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