US firm Juvo is expanding the footprint for a service which, it says, means operators can provide financial services to users who might otherwise be excluded from such offerings.
The firm said it is now available in 23 markets on four continents around the world and five mobile operator groups. It declined to name the groups to Mobile World Live. The company first launched in 2014.
Juvo collects operator’s network data and in-app usage data, and then applies machine learning and credit algorithms to develop what it terms identity scoring for each pre-paid user.
The firm claims identity scoring is more accurate than traditional credit scoring, so leading to more effective lending and opening up a new customer base and new revenue streams for operators.