Case Studies

Klear Lending Cases:

Klear Lending is the first p2p Lending company in Bulgaria. In 2021 they are looking to improve their systems and customer’s journey. Here are the main business cases they have:

1.Automatic filling and categorization of expenses in Klear Budget tool

Context
Klear has a free budget tool anyone can use to plan his monthly budget by category of expenses and track its achievement by entering each transaction during the month.
Idea
Using an AISP service, Klear could propose the user to connect its bank account(s) to Klear Budget tool in order to pull the transactions and fill them automatically in the proper category
Benefit
For the user, it would save a lot of time and pain

2.Improving Klear credit scoring with all the transactions from the credit applicant’s bank account

Context
Klear uses a proprietary credit-scoring model to assess the creditworthiness of any credit applicant. This scoring model crunches information filled by the applicant as well as data automatically collected from external sources (like the Central Credit Register)
Idea
Using an AISP service, Klear could propose the credit applicant to connect its bank account(s) in order to add all the historical transactions in the data input of the credit scoring
Benefit
For the user, it could save time by reducing the number of questions asked during the application and he could get a better personalized offer 

For Klear, this rich information would improve the accuracy of the scoring model and decrease the credit risk

3.Depositing money on Klear wallet by initiating a bank transfer inside Klear website

Context
To repay an installment or to invest in loans, every Klear customer must first send money to its Klear wallet by performing a bank transfer from his online banking

Idea
Using an PISP service, Klear could propose its customers, when they are logged in on their Klear self-service zone, to initiate a transfer to their Klear wallet without leaving Klear website

Benefit

For the customer, it would be a faster and simpler way to deposit money on its Klear wallet 

For Klear, this functionality may reduce the number of unpaid installments on loans and increase the amounts deposited by investors