Banjo Loans bets on Data Addiction for risk platform

Microsoft partner Data Addiction has designed and deployed a risk calculation platform for Australian FinTech start-up Banjo Loans.

The Sydney-based cloud and analytics specialist built an end-to-end solution with core systems built on Microsoft Azure.

The solution provided Banjo with data analytics and reporting whilst also laying down foundations for a machine learning artificial intelligence (AI) stack.

As a result, Banjo will be able to use intelligent analytics to calculate risk and determine whether a small business is a good bet for providing a loan.

Banjo currently pulls information from 10-15 different data sources before using its own internal credit engine to asses loans based on performance.

Now, the start-up will also be using AI to assess the credit risk model optimisation and improve analysis and risk assessment further.

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Source: Banjo Loans bets on Data Addiction for risk platform – ARN