Nu approves more credit cards for people with no bureau history

Nu is one of the largest digital banks in the world. In Mexico it offers a credit card, savings account and loans that customers open and use from their phone.

Many people applying for their first card have no credit bureau history, and in a fully digital application every applicant's identity also has to be confirmed. Nu needed to approve more applicants without increasing risk or slowing down the process.

Finvero integrates via API into Nu's application flow. In a single call:

• The Alternative Risk Score uses alternative data and AI to evaluate people with and without a credit history.
• The Fraud Score checks the applicant's identity to detect stolen or synthetic identities.
• The response arrives in seconds, with the reasons behind each result.

1. 01More people approved for their first credit card
2. 02Decisions in seconds inside the digital application
3. 03Identity fraud detected before approval
4. 04Explainable, auditable decisions

Finvero products in this case