What is credolab and why do I have to give the Oraan app access to my phone’s gallery, contacts, calendar and location?

To protect our members and to assess your credit risk, Oraan requires one-time access to your your contacts, calendar and location. We never view or store your personal data and we respect your privacy. Anonymised and pseudonymised data is shared with CredoLab Pte Ltd. to assess your credit risk.

By providing the Oraan app access to your gallery, you are able to upload payment receipts. We also ask for permissions to assess your Pay Score and to verify your location.

How is this data used?

We use the data as part of our decision process to assess your creditworthiness for a committee with us and build your Oraan Score.

We may also use your data to assess your interest in receiving financial services through algorithms and mathematical modelling.

What data is collected?

We collect data from your phone to provide a segmented risk profile and generate aggregated statistical information.

To protect your identity, we remove all personal identifiers (if any) and pseudonymised such information. Any metadata processed in this way cannot be used to reproduce the original data collected.

This data is ONLY used for the purpose outlined above and is protected from unauthorized usage and disclosure.

Is the data collected shared with any third party?

The data collected is shared with selected providers of data analytics services. The service providers are described below:
CredoLab Pte Ltd.

Oraan Tech Pvt. Ltd. uses CredoLab service to assess users credit worthiness. Metadata accessed, collected and shared are as follows
Contacts
Calendar
Storage

CredoLab’s privacy policy is available here.

To read more about Oraan’s privary policy, click here.