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Will Sonic Labs face regulatory challenges for its credit score feature by mid-2025?

Sonic Labs•Know Your Customer•Andre Cronje

Resolution / Starting Odds

Yes • 50%

No • 50%

News reports and official regulatory filings

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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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Market

Story

Similar markets

Will OpenAI face a major regulatory compliance issue by mid-2025?

Will other major financial regulators issue AI advisories by mid-2025?

Will a Big Tech payment app face CFPB enforcement by end of 2025?

Will Apple Pay with Klarna face regulatory challenges in the U.S. by October 2025?

Will a major data broker sue the CFPB over the proposed rule by mid-2025?

Will major fintech companies publicly oppose the CFPB's proposed rule on paycheck advances by the end of 2024?

Will a Big Tech company challenge CFPB rule in court by June 2025?

Where will Phylax's Credible Layer face its first major regulatory challenge by end of 2025?

Will Orchid face a legal challenge related to its polygenic risk score technology by mid-2025?

Will SafeRent Solutions implement AI scoring system changes by March 31, 2025?

Will major banks introduce new consumer protection measures on Zelle by mid-2025?

Which tech company challenges CFPB rule in court first by end of 2025?

Will Sonic Labs announce a major partnership with a global financial institution by Q1 2025?

Will Sonic Labs' credit score feature achieve significant market share by end of 2024?

What will be the adoption rate of Sonic Labs' credit score feature by end of 2024?

What will be the impact of Sonic Labs' credit score feature on the global unsecured lending market by end of 2024?

Will Sonic Labs announce a major partnership with a global financial institution by Q1 2025?

Will Sonic Labs' credit score feature achieve significant market share by end of 2024?

What will be the adoption rate of Sonic Labs' credit score feature by end of 2024?

What will be the impact of Sonic Labs' credit score feature on the global unsecured lending market by end of 2024?