NewTech Friday: Rollee – Enabling inclusive underwriting decisions with alternative data
Ali Hamriti is the Co-Founder of Rollee, a platform centralizing alternative data sources to help financial institutions make more inclusive underwriting decisions. We spoke with him about the opportunities for financial inclusion by adding alternative data sources to traditional workflows, resulting in improved acceptance rates and lower default rates.
Ali Hamriti is the Co-Founder of Rollee, a platform centralizing alternative data sources to help financial institutions make more inclusive underwriting decisions. We spoke with him about the opportunities for financial inclusion by adding alternative data sources to traditional workflows, resulting in improved acceptance rates and lower default rates.
What led to the creation of Rollee?
As a former data scientist, I had experienced first-hand the pain and inequality of consumer underwriting. During my past work experience, while developing a credit scoring system for independent workers, I struggled to verify the data needed for their risk assessment therefore creating an unfair lack of access to financial products for freelancers. I noticed that there was no tool on the European market to fix this, so I decided to build it. I co-founded Rollee in 2021 with the ambition to build an API that could help fintechs, banks and insurers incorporate fair and inclusive decisions in their workflows.
Who can benefit from Rollee’s platform?
We serve every financial company that needs income data or activity data from workers in order to approve them for their services.
1. Mobility fintechs
Mobility fintechs can leverage Rollee’s aggregated income data to optimize their income verification, to enhance fraud detection, and to strengthen risk assessments. They can save valuable time on onboarding new customers in their KYC compliance process by automating verifications with simplified access to their customers’ working accounts. Rollee can also be used for continuous activity monitoring. Our customers can get a full and real-time overview of their users' activity through all working platforms: everything is aggregated in a single file.
2. Worker benefits companies
When companies are offering workers benefits and protection, they need to verify the workers’ income, employment situation and history, to make sure they get the best benefits that suit their situation. With Rollee, worker benefits companies can verify in one click their users’ aggregated income (from all available sources) and their work history, and include more verified data in their assessment process.
3. Consumer banking institutions
Banks and insurance companies have experienced difficulties in running performance risk assessment on non-traditional worker profiles. Rollee’s technology helps them to get a comprehensive view of their applicants’ creditworthiness by getting verified, real-time data directly from the source.
What's coming next for Rollee?
We are continuously adding new data sources to our platform, in order to expand our coverage and be able to serve a multitude of companies.
We aim to make a true difference for non-traditional workers that are unfairly excluded from traditional applications’ workflows due to a lack of verification possibilities. By expanding the verification scope to more data sources, we want to contribute to a more inclusive access to financial services and products for all workers.
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