ID Finance, the fintech innovator of emerging markets, announced it has been named a winner in the 2017 BIG Innovation Awards presented by the Business Intelligence Group.
This annual business awards program recognizes companies, which have brought new ideas to life, and change the daily experience of people. Organizations from across the globe submitted their recent innovations for consideration in the 2017 BIG Innovation Awards. Nominations were then judged by a select group of business leaders and executives who volunteer their time and expertise to score submissions and provide feedback.
ID Finance is a data science, credit scoring and digital finance business. The core of the business is its advanced IT and risk management system, which collects and analyses thousands of data points in real time. With teams of data scientists and risk analysts, many of which come from the financial services industry, it is continually evolving its technology and has one of the best performing risk management systems in the industry.
The judges also named Solva, new brand of ID Finance, which provides long-term online financing in near prime consumer segment, among the finalists of the award. The company was awarded, along with organizations such as Experian.“Over five billion people worldwide face financial problems from time-to-time. In developing countries, over 70% of adults are not involved in financial services.
They cannot receive a consumer loan in a bank or a loan to develop their small business due to several different reasons,” said Boris Batine, CEO and co-founder of ID Finance. “ID Finance provides convenient and secured financial services to the unbanked population. We are pleased that the jury noted ID Finance as the company utilizing innovation to bring tangible benefits to thousands of people.”
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.