English
0

Lando statement in response to central bank letter: Credit rating is a key factor in reducing credit risk

بیانیه لندو در واکنش به نامه بانک مرکزی: رتبه‌بندی اعتباری عامل اصلی کاهش ریسک اعتباردهی‌ است

LandTech Lando issued a statement following the announcement that the startup’s credit rating was unauthorized by the Central Bank, stating that Lando’s criteria for providing credit to customers are the same systems approved and licensed by the Central Bank. Collection announced.

According to the statement, Lando’s criteria for providing credit to customers are the same systems approved and licensed by the Central Bank. Therefore, Lando does not provide authentication services. Lando has now pursued the ambiguity raised by the central bank through it, and the issue has finally been resolved.

What point did the letter from the Central Bank bring under the microscope?

The central bank recently reacted to the performance of LandTek startups by criticizing their method of accreditation, and in a letter to the “Lando” collection, declared the accreditation by the site’s website unauthorized and demanded that this activity be stopped.

The letter stated that the provision of credit services and determination of credit points is unauthorized and unlicensed, and warns that as soon as possible, while announcing the source of credit information to individuals to this bank, providing any credit services and determining credit scores on the website and application of this collection will be stopped. Be.

The story was met with a reaction from the Fintechs, and the Landtechs specifically pursued the issue. In the same days, during an interview with Digito, the CEO of Lando described the performance of this collection as completely legal.

“In Lando, in addition to our credit rating, the standard report approved by the central bank is the basis for the work,” Amir Hagh Ranjbar said. The central bank has stated its opposition, saying that we, as a LandTech, should not enter into such a process. “However, if we do not have the ability to rank and validate, our work will have no added value.”

Lando statement in response to the central bank letter

1641810952 377 Lando statement in response to central bank letter Credit rating Lando statement in response to central bank letter: Credit rating is a key factor in reducing credit risk 2

In a recent statement, Lando responded to the central bank letter by stating that the process of validating and providing Lando credit to customers is now proceeding without any problems.

“The first stage, which is the main stage, is the accreditation through one of the companies approved and licensed by the Central Bank, the first stage is the formation of cooperation,” Lando said in a statement. “At this stage, after the inquiry, the credit requested by the customer will be granted to him.”

This is despite the fact that, as Lando’s CEO has previously emphasized; Lando also examines various AI-based parameters, including 100 variables, including age, occupation, education, location, even mobile operator, and customer payment behavior (payment on time or early installments).

Credit rating is a risk mitigation factor

According to Lando in the statement: “In the second stage, each person receives a point. In this way, customers who have a higher score, enjoy various benefits such as increasing the credit limit and reducing the fee for subsequent requests and discounts on purchases from online stores. “Lendo uses this credit rating only for the internal rating of its customers, and this method is not the basis for initial credit to applicants.”

The statement stressed the importance of credit rating: “Credit rating in Lando is a key factor in reducing credit risk; “The ratio of non-current receivables in Lando is much lower than this index in banks.”

According to the statement, the value created by this event is to increase the ability of Lando and its financier to lend, which will ultimately benefit customers.

More Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Most Viewed Posts
Menu