Welcome to your MOGOPLUS bimonthly newsletter of our product, market, industry & tech trends updates. Keep reading to learn more and please don’t hesitate to contact our team who are more than happy to help.
Industry Recognition
"Excellence in Industry Collaborations and Partnerships"
We are thrilled to announce that MOGOPLUS has been honoured with the “Excellence in Industry Collaborations and Partnerships” award by FINTECH AUSTRALIA with our CDR PARTNER Adatree and CUSTOMER Central Murray Credit Union (CMCU) for our exceptional collaboration in FinTech. This prestigious recognition highlights our commitment to fostering innovation and driving growth within the financial technology sector through strategic alliances.
Receiving this award reaffirms our belief in the power of collaboration and innovation. MOGOPLUS is immensely proud of our team and partners for their hard work and dedication. We look forward to continuing this journey, exploring new opportunities, and achieving greater milestones with our partners.
For more information, read more about our award winning initiative.
Scaling Beyond Origins
MOGOPLUS’s CDTO, Muhammad Hejvani recently appeared as a panelist at the Google Cloud Summit. He shared insights on MOGOPLUS’s growth journey, focusing on redesigning our data product for scalability using LLMs and AI agents. Other speakers and panelists also discussed state-of-the-art data and technology advancements. The event was a resounding success, thanks to the contributions of everyone involved.
Read more about Muhammad’s experience and key insights from the event.
Consumer Data Right (CDR)
MOGOPLUS’s CEO, Mike Page recently participated as a panelist at the prestigious LIXI Forum 2024. Held under the theme “Building Value by Breaking Things,” this event offers invaluable insights into industry trends.
The session highlighted MOGOPLUS’ commitment to driving innovation and thought leadership within the financial technology sector. Panelist delved deep into the Consumer Data Right (CDR) landscape, assessing its current impact and exploring pathways to unlock its full potential.
Insights Plus
Equip lenders with powerful and meaningful analytics
Our Insights Plus Product utilises advanced data analytics modules that cover the full spectrum of a credit applicant’s Income, Expense and Liability trends. It equips enterprises with decision-ready data metrics that help to accelerate lending decisioning and empower borrowers to manage finances effectively.
Key Features
Liability Trends:
Gain in-depth insights into borrowers’ financial behaviours and payment habits across various credit products, including home and personal loans, credit cards, BNPL etc. This includes the ability to analyse interest payments and usage behaviour, empowering lenders to identify and evaluate undisclosed liabilities accurately.
Responsible Lending:
Analyse recurring payments and expense trend indicators to assess borrowers’ Debt-to-Income (DTI) and Income Coverage Ratios.
Insight Alerts:
Lenders can set up alerts to detect workers’ compensation payments, government payments, excessive gambling, late fees, and more. These custom alerts empower enterprises to closely examine an applicant’s past financial behaviour during assessment.
Spending Wave:
Insights Plus offers configurable event-based and payer alerts with detailed trend analysis on credit card usage and expense indicators. Enterprises gain valuable insights into borrowers’ spending habits across different categories, such as groceries, utilities, reversals, child-related expenses, and debt collections.
Highlights and Benefits
Our Insights Plus Product revolutionises affordability assessments and empowers enterprises to make data-driven customer lending decisions. By leveraging advanced analytics and real-time alerts, lenders can:
✅ Obtain a complete 360-degree picture of borrowers’ financial behaviours, leading to more informed decisions.
✅ Identify specific financial activities to tailor loans, risk-based pricing and credit limits to borrowers.
✅ Understand financial capacity, promoting responsible borrowing and reducing defaults.
✅ Optimise lending processes, enhancing customer satisfaction and improving overall portfolio performance.
For more information on our Insights Plus product, please reach out at info@mogoplus.com.
Welcoming Kaushik Krishnan
MOGOPLUS has just welcomed Kaushik Krishnan as our new Head of Growth reporting to the CEO.
Kaushik is a global markets business development specialist with close to 25 years of diverse experience across ANZ, APAC & North America. He is an accomplished sales leader, passionate about building long-term and successful client partnerships, with a strong focus on the Banking & Financial Services vertical. Leveraging his extensive expertise, Kaushik will lead our commercial growth strategy through both direct and partnership channels. Before joining MOGOPLUS, he worked with prominent financial services solution providers, as well as start-ups, bringing varied experience to his role at MOGOPLUS.
In his leisure time, Kaushik plays competitive tennis for his club and is a dedicated follower of AFL, soccer, swimming and Formula 1. He has an eclectic taste in music ranging from blues rock, classical pop to Indian classical. He is also a foodie who enjoys traveling and exploring food and wine.
When raising a support ticket...
Please note the “Customer Environment” field is mandatory when raising a ticket through the MOGO Service Desk. By specifying the environment, you help us quickly identify the origin of your request, reducing the time needed for clarifications
UAT – Testing environment used for demos, testing and training.
Live – Production environment where live applications and usage are conducted.
