OUR VISION AND MISSION
The FAIRTILE’s vision is that everyone must have the opportunity to access credit and means of financing in a fair way. We exist to create a new Fair and Digital Credit experience. The Digitalization of our Society opens the opportunity to shift the current paradigm, but technology and science need to be addressed in the right way. It is nevertheless imperative that mankind harnesses and direct the Digitalization’s power into providing practical solutions for human needs and prevent it from feeding human greed for power and wealth.
Our mission is to make the world a better place delivering to Lenders and Borrowers the next generation of digital technologies to enable financial inclusion and unlock the value of data as the new currency.
UNDERWRITING
Higher approval rates, lower default. Our big data underwriting model provides a significant improvement (some populations up to 40%) over the current best-in-class industry score. That translates into more accurate credit decisions, which leads to increased credit availability for borrowers and higher repayment rates for lenders, better end customer risk and pricing models.
PORTFOLIO MANAGEMENT
Borrower benefit from better pricing strategies, with Lenders able to review their conditions ongoing and at the same time improve cross selling of new products and top up on existing products to increase credit lines or satisfy opportunities and needs.
FRAUD MANAGEMENT
Our Fraud Engine distinguishes real customers from fraudsters ensuring that Lenders know exactly who they are transacting with. We enable the capability to significantly reduce fraudulent transactions with a strong benefit in term of costs and security for both Borrowers and Lenders.
COLLECTION & RECOVERY
Using our solution, collectors can easily determine the best approach for each single customer fairly, considering more than just the partially available historical credit data. We allow a fair relationship with more support for Borrowers and more time effective performances at lower resource costs for Lenders.
HOW IT WORKS
About US
We use specific applications to identify Psychological, Sociological, Emotional and Behavioural profiles of people drawn up by analyzing data from the main social networks and digital sources. We take the rigour and clarity of game theory and economics and combine these disciplines with human factors including bias, emotion and bounded rationality.
A fundamental issue is that many current models and decision processes in both high income and developing markets rely heavily on historical financial data input for the consumer. For many individuals globally, this “traditional data” inputs is simply unavailable or too weak to make a consistent decision, leaving it to the risk appetite of the credit provider. However, promising substitutes for traditional measures are emerging. So-called “alternative data” from digital footprints offers new approaches to decision making processes. As a greater share of modern life is encoded into data streams, Big Data tools can enhance the capabilities of a wide range of retail credit providers through Artificial Intelligence algorithms that get smarter over time, building stronger predictive models as they gather customers and data touch points.
Many people in the developed and developing countries have uneven access to banking-type services. That includes the ability to save, borrow, spend and insure.
Global loss rate due to frauds of any type is 5,9%. (source: PKF Littlejohn LLP)
More than 1 out of 4 applicants aremis-classified by traditional credit scoring techniques, generating wrong decisions. (source: our market experience)
IT 17%, UK 2,5%, ES 7%. Non performing loans are unevenly spread around european banking system. (source: EBA risk dashboard, 2015)
FINANCIAL
ENERGY & UTILITY
TELECOMUNICATION
INSURANCE
RETAIL & E-TAIL
NGO & Charities
OUR TEAM
FAIRTILE is envisioned by pragmatic dreamers with average 20+ years experience in the fields of IT, multi industry retail credit, semantic and psychometric studies and management consulting with a supporting backend of smart, driven data scientists, programmers, data engineers, socially active young professionals who care about getting it done, and the relationships we build. We have a passion for our clients but most of all our clients' clients who need to be served best in order to acheive real results. We have a pragmatic drive for solving real life problems and making them easily executable at a commercial level. We rally clients with our infectious energy, to make change stick.
Our executives follow a line of people who have steered Financial Services, Information Management and Data Science from the 20th century into the 21st.
We balance challenging status-quo and co-creating with our clients. We aim at building the internal capabilities required for clients to create repeatable results. We enjoy what we do and laugh a lot ... mosttly at ourselves.
It feels different to work with us.
Guido
Corrado
Giuseppe
Cristiano
OUR ASSOCIATES
WHERE ARE WE?
We are in the development phase of a commercial focused workflow and algorithm. We constantly seek input feedback and resources to achieve our many and ambitious objectives.
