JAKARTA - Since its establishment in 2016, Kredivo, a leading digital credit platform in Indonesia, has continued to innovate technology to open access to credit for the community and serve millions of users. One of the key innovations for Kredivo is a credit risk management system that functions in analyzing the credit scores of potential users, verifying data, and predicting the probability of bad loans. Kredivo's risk management system innovation has even achieved a risk matrix equivalent to that of a conventional bank with a high level of accuracy.
Kredivo's industry-leading risk management system also helps the company to be able to maintain positive business performance in various economic conditions. Umang Rustagi, CEO of Kredivo Indonesia said, “The risk management system is the main instrument for digital credit industry players to ensure sustainability and manage business in the midst of dynamic economic conditions. Since Kredivo was launched, we have continued to invest in technology that is able to assess the creditworthiness of potential users with a high degree of accuracy. The application of Kredivo's risk management, which has a matrix equivalent to that of a bank, has become the main key for us to continue to develop into a digital credit platform that is increasingly trusted, especially by investors and banking partners in lending. This is also evidenced by the significant growth of Kredivo users from year to year, and will continue to grow to tens of millions in the next few years.”
Umang also emphasized that supported by a good risk management system, Kredivo was able to continue to maintain a strong company performance ratio, even having recorded favorable financial performance since 2021. Furthermore, Kredivo's risk management system has 3 main skills: (1) system innovative credit scoring and high accuracy, (2) fast credit application and approval processes while being able to predict the probability of bad loans (3) as well as a secure and protected big data infrastructure. The risk management system innovation is also a form of the implementation of the responsible lending principle applied by Kredivo, namely selectively channeling credit and providing credit limits proportionally according to the user's ability to pay. (LM)