Canadian peer-to-peer lending platform GoPeer has partnered with credit score rating software program FICO.
The partnership will make GoPeer the primary P2P platform to offer FICO Scores to its prospects, freed from cost, by the FICO Rating Open Entry program.
The platform goals to coach shoppers by growing transparency by its borrowing course of.
Learn extra: First shopper P2P lender will get set to launch in Canada
“As an organization that champions monetary wellness, we’re frequently innovating to supply shoppers the very best expertise,” stated GoPeer chief govt Marc-Antoine Caya.
“This collaboration with FICO permits us to empower our debtors to enhance their monetary wellbeing with much more insights into their credit score with their FICO Rating, key components, and academic content material.”
Enabling Canadian shoppers to entry their FICO Rating by the platform is hoped to supply them better perception and assist them perceive and decide how lenders could view their credit score threat.
The transfer is meant to offer them with elevated confidence in monetary determination making and better general monetary literacy.
Learn extra: New Canadian crowdfunding guidelines “a watershed second” for buyers
“FICO Rating Open Entry program empowers shoppers to take cost of their monetary future,” stated FICO US and Canada gross sales vp and normal supervisor Kevin Deveau.
“With FICO Scores being utilized by 90 per cent of the highest Canadian lenders and credit score unions, our partnership with GoPeer helps Canadian shoppers have the chance to entry their rating and perceive the position of credit score in every day life.”
Toronto-based GoPeer was the primary shopper P2P platform to obtain a Canadian crowdfunding licence.
Learn extra: Clearscore launches open banking enterprise for lenders