JS Bank Limited & CreditFix Ltd have signed an MoU to form a Digital Consumer Lending Partnership. The agreement states that CreditFix will provide JS Bank consumer credit scores and leads to enable faster and more efficient lending with lower risk. JS Bank & CreditFix intend to ensure innovation to maximize the consumer banking experience. The agreement will allow users to relish the perks of credit scoring and help lenders to make more accurate credit decisions. Creditfix uses social media and on-device data to provide consumer credit scoring which is quicker and allows for easier access to consumer trends.
Commenting on the occasion, Group Head Consumer Banking & Specialized Products JS Bank, Raja Abdullah said, “We believe this partnership is going to revolutionize credit scoring mechanism in Pakistan allowing us to widen our consumer credit products to a much larger population.”
Owais Zaidi, CEO Credit Fix commented, “We are very excited about the opportunity to make lending faster, easier and accessible to the masses in Pakistan while driving down the cost of acquisition and processing for our partner banks.”