Michele is the Chief Product Officer of CredoLab, the largest developer of bank-grade digital credit risk scorecards based on mobile device data. An enthusiastic strategic thinker and business developer, Michele has 19 years of demonstrable track record of building and marketing online, mobile and offline payments products, consumer lending, cards, and FinTech solutions. Before joining CredoLab, he worked with Intesa Sanpaolo Bank, Capital One Bank, MasterCard, Telecom Italia Mobile and conducted business in 43 countries across the US, Asia, Australia, Europe, Russia, the Middle East, and Africa.
CredoLab develops bank-grade digital scorecards for banks, consumer finance companies, auto lenders, online and mobile lenders, insurance companies, and retailers from the best alternative data source – smartphone device metadata. Built on over 8 million loan applicants across 49+ lending partners, our AI-based algorithm crunches nearly 500 thousand features from opt-in smartphone metadata to find the most predictive behavioral patterns before converting them into credit scores. These enable any lender to make the most granular assessments possible of their applicants. With an aggregate of 4.3 million application downloads, our clients have seen 20X higher new to bank customer approvals, a 15% reduction in non-performing loans, and a 22% dip in fraud rate.
Established in Singapore in 2016, Credolab has powered almost USD 1 Billion in loans issued after analyzing about 1 trillion data points across 14 countries. We are backed by Fintonia Group, FORUM, and Walden International.