Bank of Namibia

Over the past week, we at Lendsqr have watched a sustained wave of attacks on Nigerian financial institutions. Several banks, fintechs and lenders are being targeted at the same time, and the patterns are consistent enough that we think they are worth acting on now. On 6 November, we sent a security advisory to security […]

SMS and mobile app data can help lenders assess borrowers, but using this information comes with responsibilities. This guide explores how lenders can use alternative data for consumer scoring while protecting customer privacy, obtaining proper consent, ensuring data security and maintaining fair lending practices.

SMS scoring once offered lenders a simple way to assess borrowers using mobile phone activity. However, as consumer behaviour and digital financial services evolve, its limitations are becoming harder to ignore. This article explores why SMS-based scoring is becoming less reliable for consumer lending and why lenders need more accurate, relevant and data-driven approaches to credit scoring and underwriting.