About alt.bank

Alt.bank offers a digital banking platform that utilizes AI-driven underwriting and customer analysis to provide rapid onboarding and low fraud rates for unbanked and underbanked individuals in Brazil. By leveraging multiple data sources, the platform enables efficient credit decisions and management, significantly reducing delinquency and acquisition costs.

```xml <problem> In Brazil, many individuals and small businesses are unbanked or underbanked, lacking access to traditional financial services due to limited credit history and inefficient risk assessment processes. Traditional credit scoring methods often exclude these populations, leading to higher delinquency rates and increased acquisition costs for lenders. </problem> <solution> Alt.bank provides a digital banking platform that leverages AI-driven underwriting and customer analysis to extend credit services to unbanked and underbanked populations in Brazil. The platform uses multiple data sources and machine learning algorithms to assess creditworthiness, enabling rapid onboarding and low fraud rates. By optimizing credit decisions and customer management through AI, Alt.bank significantly reduces delinquency and acquisition costs for lenders while providing underserved customers with access to credit. The platform offers a la carte credit services and white-labeled credit card options. </solution> <features> - AI-driven underwriting engine with an AUC score of 0.79+, resulting in highly accurate risk assessment. - Rapid customer onboarding in under 3 minutes without requiring photo identification. - AI-enabled customer management for optimizing credit portfolios with timely credit line adjustments. - AI-powered marketing engine that optimizes customer acquisition cost by risk band and channel in real-time. - Versatile credit card invoicing platform with multi-channel delivery and easy integration. - AI-driven collections platform that leverages WhatsApp, email, phone, and social media to optimize customer contact success. - Continuous Learning System that reduces net fraud rate to less than 0.01% and delinquency to 4.0%. </features> <target_audience> Alt.bank primarily targets financial institutions and lenders in Brazil seeking to expand their reach to unbanked and underbanked populations while minimizing risk and acquisition costs, as well as the underserved consumers themselves. </target_audience> ```

What does alt.bank do?

When was alt.bank founded?

alt.bank was founded in 2017.

Founded

2017

Employees

130 employees

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alt.bank

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Executive Summary

altbank.com.br 10K+

Crunchbase

Founded 2017

Funding

No funding information available.

Team (100+)

No team information available.

Company Description

Problem

In Brazil, many individuals and small businesses are unbanked or underbanked, lacking access to traditional financial services due to limited credit history and inefficient risk assessment processes. Traditional credit scoring methods often exclude these populations, leading to higher delinquency rates and increased acquisition costs for lenders.

Solution

Alt.bank provides a digital banking platform that leverages AI-driven underwriting and customer analysis to extend credit services to unbanked and underbanked populations in Brazil. The platform uses multiple data sources and machine learning algorithms to assess creditworthiness, enabling rapid onboarding and low fraud rates. By optimizing credit decisions and customer management through AI, Alt.bank significantly reduces delinquency and acquisition costs for lenders while providing underserved customers with access to credit. The platform offers a la carte credit services and white-labeled credit card options.

Features

AI-driven underwriting engine with an AUC score of 0.79+, resulting in highly accurate risk assessment.

Rapid customer onboarding in under 3 minutes without requiring photo identification.

AI-enabled customer management for optimizing credit portfolios with timely credit line adjustments.

AI-powered marketing engine that optimizes customer acquisition cost by risk band and channel in real-time.

Versatile credit card invoicing platform with multi-channel delivery and easy integration.

AI-driven collections platform that leverages WhatsApp, email, phone, and social media to optimize customer contact success.

Continuous Learning System that reduces net fraud rate to less than 0.01% and delinquency to 4.0%.

Target Audience

Alt.bank primarily targets financial institutions and lenders in Brazil seeking to expand their reach to unbanked and underbanked populations while minimizing risk and acquisition costs, as well as the underserved consumers themselves.