Introducing 1datapipe: Pioneering Financial Inclusion with Living Identity Scores

In the grand orchestra that is the global economy, every individual plays a crucial part. Yet, millions are unable to take their place on this vast stage due to financial exclusion. A lack of access to essential financial services restricts their opportunities, leaving their potential untapped. At 1datapipe, we aim to change that tune.

1datapipe, a sister company of Provenir, is more than just a company; we are a dynamic collective of innovators, driven by a shared vision. Our mission? To provide comprehensive customer insights and behavior analytics solutions on a global scale, aiding financial institutions in delivering a seamless experience to their customers while mitigating risks and expanding financial inclusivity.

To bring this vision to life, we’ve assembled a best-of-breed team composed of world-class data aggregators, data scientists, AI engineers, and compliance experts. Our team members have led major projects at globally recognized companies such as LexisNexis, Experian, Barclays, and Google. With this unparalleled expertise and dedication, we’ve successfully built a project that stands as a testament to our commitment to pushing boundaries and driving innovation in the financial sector.

Traditionally, financial services have been gatekept by outdated models that hinge on the limited scope of credit bureau data. This data, however, has proven to be compromised and non-representative of an individual’s true financial capacity. That’s where 1datapipe steps in, providing a unique solution that veers away from the conventional and enters the realm of precision.

Our approach uses alternative data sources, pooling information from over 10,000 sources to generate accurate Living Identity scores. These scores, formed by linking over 300+ unique data attributes to individuals, offer a more comprehensive view of a customer’s financial behavior and potential. But what makes this truly revolutionary is that it isn’t a static picture. It’s a Living Identity, a continuously updated reflection of an individual’s financial behavior. The result? A solution that empowers financial institutions to make more informed decisions, based on detailed and dynamically updated customer profiles.

The underbanked population, an often ignored yet significant segment of society, is another area where we’re pioneering change. Particularly in countries like Brazil, where 70% of the population is underbanked, the need for a solution that reaches this demographic is dire. To this end, we’re proud to be the first global identity data company offering an Underbanked Score.

This tool is designed to unlock the potential within this demographic, providing them with much-needed financial access, and creating new opportunities for financial institutions.

With our Underbanked Score, financial institutions can more accurately determine creditworthiness within this population, using an expanded universe of unique and alternative data attributes rather than ordinary traditional credit data. This approach fosters financial inclusion, allowing institutions to serve these customers confidently, driving growth, and mitigating risk.

The benefits of our solutions don’t stop there. With the unified access provided through a single API, our clients get to enjoy a seamless experience, with comprehensive features including identity verification, fraud detection, and credit risk assessment. But most importantly, they gain deeper insights into their customers, empowering them to make data-driven decisions.

At 1datapipe, we believe in the power of data to transform lives and economies. By equipping financial institutions with the tools to reach a broader market, we aim to play our part in creating a world where no individual is excluded from the financial orchestra because of outdated methods. Instead, we want to help each individual play their own unique part in this symphony of economic growth and inclusivity.

As we continue our journey, we’re excited about the opportunities that lie ahead. We are committed to providing our clients with solutions that not only meet their current needs but also anticipate and address future challenges. The road to financial inclusion is a long one, but with our Living Identity scores, Underbanked Score, and commitment to innovation, we’re taking strides toward making it a reality.

Thank you for taking this journey with us so far. We are eager to show you firsthand how our comprehensive solutions can transform your organization’s approach to financial inclusivity and risk management.

We welcome you to take the next step with 1datapipe. Visit our website at www.1datapipe.com and reach out to us. Let’s start a conversation about how we can work together to make the financial world more inclusive, secure, and beneficial for all.

Click here to get in touch with us today. We look forward to hearing from you.