How Open Banking is Transforming Loan Applications and ApprovalsOpen Banking is a concept that is rapidly changing the financial industry. It involves securely sharing financial information electronically, typically using Application Programming Interfaces (APIs), between financial institutions and third-party se...Apr 26, 2024 · 4 min readblog.oystrfinance.com
The Art of War against Fraud as a Digital LenderIt’s no news that “financial fraud” is on the rise and it can closely be regarded as the closest friend to “rape”. They share more things in common as compared to others, which is the silence of victims. Fintechs, particularly, lending as a service c...Apr 4, 2024 · 5 min readblog.oystrfinance.com
What is the Nigeria Data Protection Regulation (NDPR)?What is NDPR? Allow me to paint a scenario, imagine attending a vibrant Nigerian wedding, the air alive with the rustle of colorful Aso Ebi and the joyous chatter of guests. Each intricate pattern on the fabric tells a story, unique to the wearer. Le...Feb 21, 2024 · 3 min readblog.oystrfinance.com
Using Alternative Data in Credit Risk ModellingThe field of credit risk assessment has undergone a significant transformation in recent years, driven by the proliferation of alternative data sources and the growing demand for financial inclusion. Alternative data, which encompasses any informatio...Dec 1, 2023 · 4 min readblog.oystrfinance.com
Alternative Data for Fraud DetectionThe dynamic realm of finance will always be at war with fraud and it remains a relentless pursuit. As technology advances and financial transactions increasingly migrate to the digital sphere, fraudsters adapt their tactics, constantly devising new w...Nov 23, 2023 · 4 min readblog.oystrfinance.com