• Latest
  • All
  • How To
Periculum’s Credit Assessment Tool Utambuzi Goes Live in Kenya

Periculum’s Credit Assessment Tool Utambuzi Goes Live in Kenya

November 28, 2022
KEMIS

KEMIS: Kenya’s New Education Data System Set to Replace NEMIS in 2025

May 16, 2025
White Genocide

Who Tweaked Grok? Inside the AI’s Wild White Genocide Rant

May 16, 2025
Google One

Google One Surges to 150 Million Subscribers Thanks to AI Premium Plan

May 16, 2025
twitter x

X Enhances Video Capabilities with 4K Upload Option

May 16, 2025
DHgate Tablet Cases deals
openai-chatgpt

ChatGPT May Soon Be Able To Record, Transcribe & Summarise Meetings

May 16, 2025
Telegram

Telegram Shuts Down $35 Billion Crypto Black Markets in Major Crackdown

May 16, 2025
Peak Points

YouTube to Drop Ads When You’re Most Glued to the Screen

May 15, 2025
Safaricom-IXAfrica-Centres-1

Safaricom Partners with iXAfrica to Build Region’s First AI-Ready Data Centre

May 15, 2025
samsung one ui 8

One UI 8 Update: Is Your Samsung Device on the List?

May 15, 2025
Apple Music

Apple Music Now Lets Spotify Users Seamlessly Transfer Playlists

May 15, 2025
Kennedy Kachwanya, Chairperson BAKE

High Court Issues Ban on Internet Shutdowns by Government and Mobile Operators

May 14, 2025
Advanced Protection feature

Google Expands Advanced Protection in Android 16 to Tackle Spyware Threats

May 14, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

Periculum’s Credit Assessment Tool Utambuzi Goes Live in Kenya

Kenn Abuya by Kenn Abuya
November 28, 2022
in Features, News
Reading Time: 4 mins read
262
0

Introduction

Utambuzi is launching in Kenya. Utambuzi which translates to ‘insights’ or ‘diagnosis’ in Swahili is looking to change the scope of personal finance management.

The product, based on a business-to-customer model, helps a person track his/her income, detect fraudulent transactions, and gives the individual access and the power to choose verified and credible lenders. 

With Utambuzi,  users gain insights into their spending; “managing your finances doesn’t have to be a long arduous task to tick off the box, Utambuzi gives you the opportunity to see the finer details of what and how your income and expenses are while giving you access to vetted lenders to reach your financial goals,” says Samuel, the Product Manager. 

The product highlights over 80 variables, including spending patterns while showing the credit affordability of the user. The standout of this product is the power it gives borrowers as opposed to the custom of lenders having overriding power.

With Utambuzi, the user has the power to choose from the already onboarded credible lenders right in the comfort of their homes. Lenders on the other hand have access to verifiable borrowers, taking off the stress of Know Your Customers (KYC). 

“It is like a bridge that connects the customer to credible lenders.

With Utambuzi, the customer does not have to worry about lenders as his income analysis is readily available for the lenders to see,” the statement says. 

Why Utambuzi?

The difficulty of the process of applying for loans in Africa cannot be emphasized enough. From getting several documents for KYC to getting stuck in traffic just for loan approval, the stress can be overwhelming and this may just be a cog in the wheel of closing the credit gap in Africa.

With Utambuzi, the consumer does not have to go to the bank, get stuck in traffic, queue, and file several documents just because of a loan.

Right there in the palm of their hands with their mobile phone or with a few clicks on their desktop computers, they can choose any of the credible lenders available on the platform. 

Another benefit of Utambuzi is the risk assessment and prevention solution embedded in the product. Users get to know when there is a duplicate transaction or unauthorized transactions which they can escalate to their banks or payment service providers.

The lack of a robust security framework has made fraudulent transactions prevalent, however, the machine learning model in Utambuzi detects and reports the transactions that were not authorized by the user.

“Our analytics gives customers the ability to manage their finances right from their fingertips, as they cover over 80 variables. Users of this product have unhinged access to verified and non-predatory lenders, which is a key benefit compared to other personal finance management products. The lenders would be onboarded and the users can send their details to lenders of their choice and carry out the credit transactions. It is a great product and one of its kind,” says Elly Tangaza, the Business Development Manager at Utambuzi.

It can also be argued or stated that Utambuzi has come to Kenya to play a role in addressing the issue of insufficient data analytics of individuals.

In addition to fixing the data analytics gap, the product is intended to improve financial inclusion by offering financial businesses the ability to offer facilities to people who have been financially excluded through automated data assessment tools that can close the consumer credit gap.

Onboarding/customer journey

Accessing Utambuzi in Kenya is easy for any person. You should go to the web app via utambuzi.com on your internet-enabled phone. Fill in your details. Utambuzi will then verify them and, you then can access the service. The product will be free for the first 200 signups, Utambuzi says. 

You can also access the mobile app by going to the Google Playstore to download the app.

How to use Utambuzi

After signing up as described above, Utambuzi users can log in, upload their bank statements, and access analysis that highlights over 80 variables, such as affordability, cash flow, behavioral patterns, most frequent transactions, and many more, all to help the user understand their financial situation and how best to manage it. 

Final words

As you may have already gathered, Utambuzi is here for people across diverse industries, provided they have internet-enabled devices. Others such as lenders would also rather have their solution registered and with credible borrowers, which is where Utambuzi comes in.

It should be noted that implementing data modeling for decision-making and taking advantage of alternative data sources for a credit app is one of the holistic approaches that Utambuzi has used for risk assessment. Information sourced from its system provides better visualization and reporting, which improves speed, efficiency, and decision-making.

Fintech is big in the Kenyan market, and it has reached new heights where it influences customer expectations in terms of lending. To stay ahead of the competition, traditional lenders should be ready to embrace change and use products offered by the likes of Utambuzi.

Download Utambuzi on Google Playstore or visit utambuzi.com to sign up for free in less than a minute. The first 200 signups require zero fees to get their analytics. 

SendShare147Tweet92
Kenn Abuya

Kenn Abuya

Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]

Related Posts

KEMIS

KEMIS: Kenya’s New Education Data System Set to Replace NEMIS in 2025

May 16, 2025
White Genocide

Who Tweaked Grok? Inside the AI’s Wild White Genocide Rant

May 16, 2025
Google One

Google One Surges to 150 Million Subscribers Thanks to AI Premium Plan

May 16, 2025
twitter x

X Enhances Video Capabilities with 4K Upload Option

May 16, 2025
openai-chatgpt

ChatGPT May Soon Be Able To Record, Transcribe & Summarise Meetings

May 16, 2025
Telegram

Telegram Shuts Down $35 Billion Crypto Black Markets in Major Crackdown

May 16, 2025

Latest

KEMIS

KEMIS: Kenya’s New Education Data System Set to Replace NEMIS in 2025

May 16, 2025
White Genocide

Who Tweaked Grok? Inside the AI’s Wild White Genocide Rant

May 16, 2025
Google One

Google One Surges to 150 Million Subscribers Thanks to AI Premium Plan

May 16, 2025
twitter x

X Enhances Video Capabilities with 4K Upload Option

May 16, 2025
openai-chatgpt

ChatGPT May Soon Be Able To Record, Transcribe & Summarise Meetings

May 16, 2025
Telegram

Telegram Shuts Down $35 Billion Crypto Black Markets in Major Crackdown

May 16, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

KEMIS: Kenya’s New Education Data System Set to Replace NEMIS in 2025

May 16, 2025

Who Tweaked Grok? Inside the AI’s Wild White Genocide Rant

May 16, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

Introducing A Brainbox Quiz: Techweez’s Monthly Trivia Night!

5 Most Reliable Virtual Dollar Card Providers in Nigeria

More News

YouTube to Drop Ads When You’re Most Glued to the Screen

Safaricom Partners with iXAfrica to Build Region’s First AI-Ready Data Centre

One UI 8 Update: Is Your Samsung Device on the List?

Apple Music Now Lets Spotify Users Seamlessly Transfer Playlists

High Court Issues Ban on Internet Shutdowns by Government and Mobile Operators

Google Expands Advanced Protection in Android 16 to Tackle Spyware Threats

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.