Mastercard has introduced Mastercard Credit Intelligence, a suite of analytics tools designed to help lenders assess consumers and small businesses more efficiently. The solution is available in select markets.

Credit Intelligence draws on Mastercard’s network data and proprietary insights to support faster analysis, more transparent decision-making and a broader view of potential borrowers.

When combined with information such as credit bureau files and telco data, the tools can help lenders form a more complete picture of applicants and tailor underwriting decisions.

“A healthy digital economy is an inclusive one – and with the right insights, our trusted network and deep expertise, we can create new opportunities for consumers and small businesses who may have traditionally been overlooked.

Together with our partners, we’re making lending smarter, more personalized and more secure – and in the process, helping to drive more entrants into the digital economy.”

said Kaushik Gopal, Executive Vice President, Business & Market Insights, Mastercard.

The tools can support assessments of applicants with limited credit histories.

With the borrower’s permission, a bank can access network insights such as transaction categories and identity signals to supplement traditional checks.

Mastercard says this approach can also help lenders evaluate small businesses planning to expand or open new locations by providing historical transaction insights that are not typically included in standard assessments.

Mastercard is rolling out the suite across several markets, including the United States, Philippines, UAE, Australia and Brazil.

In Brazil, acquirer Stone is using the tools to strengthen its credit offerings for merchants.

In the United States, Mastercard’s open finance program is being applied to small business underwriting by integrating permissioned financial information, including cash flow analytics and payment risk insights.

“Securely permissioned data is the cornerstone of open finance – fueling not only new financial experiences, but strengthening traditional ones like small business lending.

Working with our partners to intelligently put alternative data to work, we can empower small businesses to start, grow and thrive.”

said Jess Turner, Executive Vice President, Global Head of Open Finance and Developer Experience, Mastercard.

Mastercard is inviting financial institutions, fintech firms, credit bureaus and technology partners to explore Credit Intelligence through Mastercard Developers, where documentation and integration tools are available.

The company said availability varies by jurisdiction. Initial activities in the United States will focus on small business solutions that use permissioned open finance data together with Mastercard network insights.

Featured image: Edited by Fintech News Singapore, based on image by HobieArt via Freepik