About ~2B adults in the world are with no credit history, i.e., they practically cannot get any financial or insurance services from formal channels. The main alternative for the unbanked people to promote their lives, acquire education, health services, etc. is to borrow loans from non-formal channels. Despite more than 85% of current loans in emerging countries being received from such channels, only 10% of loan requests are approved. Other than that, 15-20% of the approved loans turn out to be defaults/fraudsters (i.e., non-paying loaners).
Facetrom has developed a pioneering technology that predicts the financial risk of a potential customer requesting a loan. The company’s vision is to help underbanked people achieve loans and insurance policies, while assisting the financial and insurance institutes to largely decrease the percentage of defaults/frauds. Facetrom entirely disregards all discriminating factors, such as race, gender, age, demography, hair color and more. Images analyzed by Facetrom are completely anonymous, and data privacy of the subjects is strictly maintained.
Company Details
- Employees
- 6
- Founded
- -
- Address
- Rothschild 45 Tel Aviv, Tel Aviv,israel 6511208,israel
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- facetrom.com
- Keywords
- Biometric, InsuranceTech, FinTech, Biological indicators, fraudulent activity, Risk assessment, Risk management, Risk scoring, Biological indicators, Face analysis, Computer vision, Image processing, Machine learning, Deep learning, AI, Statistics, Software engineering, FinTech, InsurTech, Fraudulent potential.
- HQ
- Tel Aviv, Israel
Facetrom Questions
Facetrom's website is facetrom.com
Facetrom's LinkedIn profile is https://il.linkedin.com/company/facetrom
Facetrom has
6 employees.
View email and phone details for 6
employees at Facetrom.
Facetrom's industry is
Financial Services
Facetrom's top competitors are
Doktorabc,
Shapeshift Gaming,
Curalife,
Ultra Information Solutions,
Riskified,
Bondit,
Rubrik,
Ddr&d (Mafat),
Roomer Travel,
Helfy.
Facetrom's categories are Financial Services
Facetrom's founding year is 2019
