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NewProducts

Grow at fintech speed with

smart insights, infrastructure

vate, the team at Monnai understands their biggest need is
reaching their full market potential, he added, and having
access to critical data from credit bureaus, alternate sources
and standardized personal identification can improve their
credit decisioning.

onnai, a global infrastructure and advanced "By using the right data from across the customer lifecycle
analytics provider, created a technology plat- through multiple sources, fintechs and merchants can cre-
ate net new business in a way that is also beneficial for the
form designed to help fintechs and finan-
M cial institutions rapidly grow and scale. By consumers," he said, adding that neobanks, digital payment
providers, remittance services and cryptocurrency proces-
combining insights from multiple trusted ecosystems,
the platform provides identity, digital, communications, sors across the globe are rapidly becoming new innovation
hubs.
device and payment data within a single platform and API,
according to Monnai co-founders Pierre Demarche and Tap into global potential
Ravish Patel.
Monnai's diverse team comes from different continents,
Monnai CEO Pierre Demarche observed that U.S. credit bu- backgrounds, cultures and social surroundings but shares
reaus and identity verification vendors require better tech- a common goal of providing opportunities to partners and
nology, data and support to transact globally. However, lack their customers, Demarche stated. The company's global
of resources and infrastructure can inhibit their communi- approach to credit, BNPL, wealth management, crypto and
cation and growth. "In a digital-first world, every business personal finance is reflected in tools and infrastructure de-
is a fintech," he said. "While these innovations have global signed to improve access to financial services worldwide.
scale and applicability, the infrastructure supporting them
is fragmented and siloed. To grow, businesses need to le- Demarche pointed out that as a group, the Monnai team
verage and consolidate better technology and data in the couldn't be more different at first glance, but their shared
same platform, providing a ubiquitous approach to deci- commitment to provide customers and the businesses and
sioning models." individuals they provide services to overrides any differ-
ences.
Four pillars
Default global infrastructure
Created to help fintechs securely grow and scale, the Mon-
nai platform provides the following four modules: KYC, Demarche and Patel agreed that building a default global
trust and fraud risk, credit decisioning and collections op- infrastructure, created with global innovation and diversi-
timization—all available through a single API and widely ty in mind, is a core value at Monnai. The company's global
used in India, Southeast Asia and LATAM, the company consumer insight data enables fintechs to rapidly innovate
stated, adding that partnership discussions are underway and iterate by navigating the four key pillars of onboard-
in North America. ing, trust and fraud risk, credit underwriting, and collec-
tions, they stated.
Ravish Patel, Monnai's chief product officer, pointed out
that international markets can be challenging for fintechs, By connecting disparate data, identity and network behav-
especially when it comes to merging data sources. "Fintechs ior in a single API, Monnai stated, its technology enables
can connect to Monnai seamlessly through a single API cre- customers to grow rapidly and securely—anywhere in the
ating orthogonal value in their consumer decisioning mod- world. In addition, the San Francisco-based company, es-
els," he said. "This instantly translates into better outcomes tablished in 2019, is rapidly expanding its footprint across
for them: Higher approval rates, increased customer life- Asia, India, and Latin America with near-term plans to
time value and reduced costs.'' partner with North American fintechs and financial insti-
tutions.
Built by fintechs, for fintechs
Company: Monnai
Patel noted that Monnai is built for fintechs by experienced
fintech professionals who have designed a global infra- Product: Fintech infrastructure
structure with insights designed to help financial service Website: https://monnai.com
providers make accurate and informed decisions through-
out their customer lifecycles. As companies look to inno- Contact: https://monnai.com/contact

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