Over 1.7 billion people globally lack access to formal financial services that can unlock access to housing, education, healthcare and even capital to start a business due to their lack of a credit history.

Our technology is changing this.

Omnisient’s privacy-preserving Data Collaboration platform is revolutionising the way financial services institutions (FSIs) and businesses across diverse industries collaborate to discover new consumer information that they can use to predict behaviour such as loan repayment by removing the risks and challenges commonly associated with sharing consumer information, such as fines, penalties and reputational damage caused by data breach, loss of company IP, and contravention of global privacy regulations.

To date, in collaboration with our clients, we have enabled 8 million credit invisible individuals in South Africa to be scored for credit risk, out of which 3.2 million have already been identified as having a “good risk” credit score and can potentially gain access to affordable, life-changing credit that can provide them with opportunities for upward mobility and financial security.

Established in South Africa in 2019, we are enabling over 80 leading banks, insurers, retailers, and health & wellness organisations in Africa and the Middle East to build collective knowledge on consumers that can be used to better understand and predict their consumers’ and prospects’ behaviour to drive positive change for individuals, for businesses, and for society. (www.omnisient.com)

Timeline

2025

January