IDF Eurasia International Finance Group received the Innovation Time Award and was recognized as the “Project of the Year”.
The Innovation Time Award was established in 2010 and was initiated by the Social Projects and Programs Foundation with the support of the Ministry of Economic Development of the Russian Federation.
The winners are the most innovative and technological financial companies, advanced products and solutions. The winners were determined by an expert council, which included more than 40 financiers, analysts, company leaders and researchers.
IDF Eurasia has the most advanced solutions and technologies in its work. The unique development of the company is an innovative risk assessment model. The system automatically analyzes several thousand units when deciding whether to issue loans. The model decides to issue a loan based on a large amount of data, including multiple search technologies, internal credit history, antifraud solutions, data from several credit bureaus and other external sources, for example, information about payments of potential borrowers to mobile phone accounts.
“In just a few years, the company has evolved from a small startup into one of the largest fintech holdings, which holds a leading position in all countries of presence. Being one of the fastest growing companies on the market, IDF Eurasia implements high-tech solutions in all areas of its activity, actively implementing prospective innovative projects. We provide convenient and safe loans that help tens of thousands of people to improve their quality of life”, said Boris Batin, co-founder of IDF Eurasia.