This Startup Uses Battery Life To Determine Credit Scores

Banks in Asia are using customers' smartphone data points, like how often they drain their battery, to determine whether or not they're eligible for a loan. While this may sound like an unusual criteria for qualification, Singapore-based startup Lenddo thinks it can help people without traditional credit history borrow money. Lenddo chairman and founder Jeff Stewart said the company is already helping dozens of banks analyze data from millions of smartphones globally.Read more on NewsOK.com

Topics:  asia   singapore-based   jeff stewart   newsok   lenddo   startup   battery   determine   credit   data   banks   
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