Risk Management Show Rethinking Credit risk, behavioral data and financial inclusion with Michele Tucci
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May 20, 2025 Michele Tucci, Co-founder and Chief Strategic Officer at Credolab, shares his journey from Italy to the forefront of fintech. He discusses how alternative data, particularly behavioral biometrics and device metadata, can revolutionize credit scoring and enhance financial inclusion. Listeners learn about the impact of smartphone usage patterns on creditworthiness while maintaining privacy. Michele also unpacks the challenges of financial inclusion for unscorable borrowers and the critical role AI plays in navigating credit risk amidst evolving technology.
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Michele Tucci's Global Career Journey
- Michele Tucci shared his global career covering Italy, the US, Russia, Dubai, Singapore, Australia, and China before joining CredoLab.
- His journey reflects diverse fintech exposure leading to innovative credit risk solutions using smartphone data.
Behavioral Data for Credit Scoring
- CredoLab uses behavioral biometrics and device metadata from smartphones for credit scoring instead of traditional credit bureau data.
- This approach adds a behavioral layer focusing on character and willingness to repay, improving predictive accuracy and financial inclusion.
Ensure Privacy-First Data Collection
- Always prioritize privacy by anonymizing user data and collecting it with clear user consent during onboarding processes.
- Implement technology that processes only minimal, necessary metadata without extracting personal information for credit assessment.