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What will be the impact of Sonic Labs' credit score feature on the global unsecured lending market by end of 2024?
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Story
Sonic Labs Introduces 720ms Credit Scores for Digital Wallets, Targeting $11T Market
Sep 10, 2024, 10:07 AM
Sonic Labs is pioneering a new feature for digital wallets that introduces credit scores without requiring KYC (Know Your Customer) requirements. This innovation aims to target the $11 trillion global unsecured lending market. The new feature has achieved a finality time of 720 milliseconds. Andre Cronje, CTO of Sonic Labs, announced that this development could significantly impact the lending market by providing a more accessible credit scoring system for digital wallet users.
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