Lean Technologies and Tamara Unveil ”Second Look” Model: A Paradigm Shift in Credit Scoring via Open Banking
Lean Technologies, the Middle East’s premier financial infrastructure provider, and Tamara, the region’s leading BNPL platform, have announced a breakthrough in credit risk assessment. The joint study reveals a new model that integrates Open Banking data directly into credit decision-making engines. By accessing verified, customer-consented data—including real-time income, cash flow, and spending behaviors—the model provides a 360-degree financial profile that surpasses the limitations of traditional credit bureau reporting.
The cornerstone of this innovation is the "Second Look" mechanism. This feature allows for the automated re-evaluation of previously rejected credit applications. By linking their bank accounts, customers enable the system to analyze actual financial behavior rather than relying on incomplete historical data. This approach has successfully uncovered "invisible" income streams, significantly reducing conservative rejection rates and fostering a more inclusive and accurate lending ecosystem without compromising risk standards.