Case Study: Credit Hero achieves 6-minute digital loan approvals and improved credit risk management with Salt Edge

Credit Hero gets a digital boost in lending with Salt Edge solution

Credit Hero, an online personal lender in Hong Kong, faced the challenge of speeding up credit decisions and eliminating the traditional paper chase for bank statements amid a fast-moving digital lending market. To solve this, Credit Hero partnered with Salt Edge, using Salt Edge’s open banking and bank-data aggregation APIs to access borrowers’ real-time bank data and automate identity and account verification.

Salt Edge’s solution aggregated data from nine major Hong Kong banks and delivered categorized transactions directly into Credit Hero’s underwriting platform, enabling OCR/facial recognition and AI-driven risk models to cut processing time from days to just six minutes and to improve bad-debt outcomes. By leveraging Salt Edge’s technology, Credit Hero automated income and balance verification, analyzed spending patterns instantly, and offered fairer rates while boosting operational efficiency and credit-risk management.

Credit Hero

Ronald Lam

Founder & Chief Executive Officer