Case Study: BlueVine achieves faster automated loan approvals, reduced risk and fraud, and enhanced KYB fulfillment with Explorium

Explorium External Data Platform Gives BlueVine the Tools to Automate Online Processes, Reduce Risk and Fraud, and Enhance KYB Fulfillment

BlueVine, a fintech that provides quick lines of credit and working capital to small and medium-sized businesses, needed more timely, influential external data to scale and automate its loan approval and KYB processes while reducing risk and fraud. To solve this, BlueVine turned to Explorium and its External Data Platform to discover and enrich the external signals required for accurate automated decisions.

Using Explorium’s External Data Platform, BlueVine incorporated dozens of external signals—such as web presence, NAICS industry classification and geocoding—and regularly recalibrated its models to automate approvals. The result, enabled by Explorium, was significantly greater operational efficiency through increased automation, improved KYB fulfillment with unique signals, and a substantial improvement in detecting high‑risk and fraudulent applications, reflected in a reduction in default loans.

Bluevine

Amit Moran

VP Data