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Chile's Data-driven Lender Mento Launches on Mambu to Improve Financial Inclusion
Source: Fintech and Finance News
Mento, a Chilean digital lender providing credit, payments and other financial services, has gone live on Mambu’s SaaS cloud banking platform, extending loans via cloud technology to overlooked segments of the population.
Mento caters to underserved portions of society, often deemed as unprofitable by incumbent banks due to market and regulatory constraints. The lender differentiates itself in the bustling fintech space by taking a new approach to collecting and analyzing data when extending credit, focusing more on individual cases, history and other personal information to complement or even stand in place of historical salary figures.
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