Strands adds credolab credit scoring to PFM app

Retail banks often struggle to improve engagement and extend long-term value to their customers. A shortage of relevant data leaves them unable to make good recommendations and bring more people to their products.

Strands and credolab provide a one-stop solution for banks looking to grow their top-line by helping people be smarter with their money. By embedding credolab’s solution into Strands’ Personal Finance Management (PFM) software, this partnership enables any bank to make better, more timely and relevant product recommendations. For the first time, banks are able to transform complex data into relevant customer insights with embedded risk assessment in real time.

Peter Barcak, Founder and CEO of credolab said: “We are delighted to welcome Strands to our growing partner network. Strands’ expertise in developing customisable digital money management solutions for banks will add great value to our clients globally. We are confident that our embedded technology will help Strands develop solutions to promote a more delightful way of banking that empowers customers with meaningful interactions, and makes them happier, more loyal, and more profitable.”

Erik Brieva, CEO of Strands, commented: “By partnering with credolab, Strands is in a stronger position to deliver state of the art financial management solutions to banks worldwide. This collaboration will allow us to embed next generation scoring technology into our AI-driven product suite, meeting financial institutions’ increasing demand for smart, highly customisable, and scalable FinTech white-label solutions.”