Challenge:
Dollarito is a digital lending platform that helps people with no credit history or low credit score access fair credit. The company specializes in the fields of credit, financial services, fintech, and personal finance. They wanted to evaluate repayment capabilities through banking transactions, behavioral data, and economic factors, overcoming traditional credit score limitations
Approach:
After studding business case and started evaluating processes, technologies, and architectures that aligned with it. Once selected, they deployed using the IBM Cloud for Financial Services Technologies. As Dollarito progresses in its journey, we continuously create new use cases and work with different IBM teams to find the best technologies to provide better financial services.
• Dollarito uses IBM Cloud for Financial Services® technologies to optimize infrastructure and demonstrate compliance.
• Additionally, it uses IBM watsonx® to apply Generative AI and foundational models to its strategy and operations. IBM, as our trusted partner, is instrumental in enabling us to avoid risks by using its secure and compliant platform, with governance data at its core.
"We discovered that IBM has the best technology to speed up our development process. We decided to deploy all our operations in IBM and leverage the infrastructure for the IBM Cloud for Financial Services"
- Carmen Roman, Co-Founder and CEO
"IBM has helped Dollarito kick off its Cloud and Machine Learning operations. Dollarito uses IBM Cloud for Financial Services technologies to optimize infrastructure and demonstrate compliance, allowing us to focus on our mission of providing financial services to communities with limited access to credit"
- Eduardo Perez, C0-Founder and CTO
Outcome-
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60% increase in speed for loan approvals and passing regulator audits
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40% cost reduction due to automation in loan disbursement and collection process
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In minutes loan approval and money distribution for clients
To learn more and book a consult with us visit- IBM Cloud for Financial Services