Wurmie

Wurmie is a Ukraine-based financial technology company that specializes in creating solutions for banks, including verifying user identity and analyzing credit risks. It was founded in 2016 and has partnerships with thirty banks. The technology developed by the company is intended to be used by banks when they are encountering loan applicants. It aids the banks with obtaining data about the applicant's banking history and acts as alternative credit scoring.

Wurmie offers several financial services products for banks. The products can be ordered individually or all at the same time. The first product is an online verification solution. It can be used by banks to verify a loan applicant's identity before moving along with the loan itself. If the identity can be verified, banks can use Wurmie's next product, which is a financial report solution. This financial report can give banks a view of the applicant's financial situation as well as an analysis of their transactions. The final product offered by Wurmie is one that takes the aforementioned financial report and labels the transactions on the report to give the bank a better idea of the applicant's spending habits. Some examples of labels include salary, loan, rent, and gambling.

Wurmie