CredoLab develops bank-grade digital scorecards built on mobile device data. Its pay-per-use solutions are available to banks, consumer finance companies, online and mobile-only lenders, insurance companies and retailers. Established in 2016 in Singapore, It has 46 clients and operations in 12 countries. CredoLab’s proprietary technology leverages non-traditional data sources – smartphone app metadata – to drive decision-making at financial institutions. The artificial intelligence-based algorithm analyses over 50,000 data points from a set of 6 permissions – SMS, calls, photos/media/files, contacts, calendar and email – to achieve 200,000 combinations of possible customer behaviours to predict the probability of defaulting.