Pngme Insight 3: On-Device Financial History

Published by Pngme on

Pngme provides actionable insights through its mobile SDK and unified API. Such insights are driving growth and powering robust credit capabilities with the top banks in the market. This week, we’re taking a look at Insight 3: On-Device Financial History to give an idea of how our Insights are built and how they can work for you. Check out the below snapshot of Insight 3: On-Device Financial History and learn about more Pngme insights through our handbook.

Length of credit history is a well-established feature in traditional credit scoring systems (FICO, TransUnion, CRC, etc.). Pngme Insight, transaction_ count_180, applies this concept to SMS log data by aggregating the number of transactions over a 6-month (180-day) period on the user’s device.

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Financial History

On Device Financial History

Overall Takeaways

Over a quarter of users logged 50 or less transactions in 180 days. 71% of them demonstrated an inability to repay a 20K NGN loan. For these users, we have two explanations:

Low Transaction Volume:

Low transaction volume signals the user’s financial inactivity and/or that the user is not suitable for originating retail credit products.

Device Switching:

While the user’s transaction volume may be high, they may be switching mobile devices frequently. This type of behavior in and of itself is an insight and can be indicative of fraudulent activity.

This insight can validate that a prospective borrower has an active and lengthy credit profile that meets the target criteria of specific retail credit products. Identifying low transaction_count_180 is an effective approach to swiftly screening out unsuitable and/or fraudulent applicants.

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