Carrington Labs

Building smarter credit risk and lending solutions

Carrington Labs builds cash flow underwriting models as well as tools for loan and limit sizing, post-origination limit management, and early-warning systems for banks and non-bank lenders.

We use contemporary data-science techniques, machine learning, explainable AI, and alternative sources of data to help lenders provide the right offers to customers, increase approval rates, and improve margins.

Working across the consumer and small-business lending space, Carrington Labs can pilot a tailored credit risk model for a lender in days, and onboard a lender in weeks, driving significant improvements in growth and returns.

WHY WE STARTED

Our origins

Traditional credit scores, developed in 1989, have not evolved to meet the needs of today’s diverse financial landscape.

Customer profiles and risk factors have changed, as have the types of lending products offered and the range of data now available with the emergence of new and different digital practices.
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Carrington Labs was founded to address these gaps, aiming to increase access to safe and inclusive loan products.
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The solutions we offer provide a fuller view of credit risk for each loan applicant, helping lenders make more informed and inclusive decisions.

WHY CARRINGTON LABs

Leading the way in modern lending

At Carrington Labs, we go beyond traditional credit risk scoring models to provide next-generation credit risk scoring and lending solutions.
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Our solutions are built by data scientists and engineers dedicated to advancing the world of lending using an advanced approach to data, analytics and credit risk.

The way we use data and explainable AI to build our credit risk scoring and lending solutions that have been validated is what sets us apart.

Data-driven

Our credit risk models have been trained on more than 1 billion data points to deliver precise insights.

Proven track record

Our solutions are built from the same systems that have issued over $1 billion in loans through one consumer lender.

Skin in the game

Our Australian consumer business serves as our R&D lab to test and refine our technology.

who we work with