Algoan

Algoan provides financial institutions, retailers, and fintechs with credit decisioning tools that can be used in a variety of use cases, such as BNPL, consumer credit, car subscriptions, mortgages, and much more.

Based on Open Banking (the secure sharing of bank account data), Algoan solutions enable a cut of credit risk by up to 50% and an increase in loan production by up to 40% while lowering processing costs, and offering a seamless 100% digital pathway to credit applicants.