Case Study: Lokyata achieves affordable, data-driven lending for underbanked borrowers with MX Technologies

Lokyata - Customer Case Study

Lokyata, a fintech on a mission for financial inclusion, built an AI-driven credit risk platform to help lenders extend affordable credit to underbanked borrowers. Because traditional underwriting relies on credit scores that exclude many of these borrowers, Lokyata needed reliable transaction data to power its Bank Transaction Analyzer and improve automated loan decisions — so it partnered with MX Technologies for data aggregation.

By integrating MX Technologies’ aggregation to bring real-time borrower transaction data into its analytics, Lokyata can offer a more scientific, objective assessment of financial health. The MX Technologies integration enabled borrowers with poor or no credit histories to access loans and allowed lenders to underwrite underserved customers at significantly lower cost, while MX Technologies’ broad, reliable bank connections improved the customer experience and reduced lost business.

Lokyata

Steve Bireley

Chief Technology Officer