In a bold step that is influencing how fintechs manage market volatility, Oyindamola Ogunruku, a Risk Analyst at Paydayhubonline in Nigeria, has introduced a new framework for adaptive risk scorecards designed to respond dynamically to changing credit and market conditions.
The innovation allows fintech lenders to assess creditworthiness using real-time indicators such as transaction behavior and market movements, rather than relying solely on static historical data. The system was recently hailed by Libaa Fintech CEO as one of the first locally developed tools to address the persistent challenges of high default risk in Nigeria’s rapidly growing digital lending sector.
Industry observers and financial experts are also noting that Ogunruku’s work marks a turning point for fintech risk management in West Africa. This model helps institutions maintain resilience during periods of high inflation and sharp currency fluctuations—a template for fintechs in other African markets facing similar economic uncertainties.
“This model isn’t just about risk control; it’s about giving fintechs the confidence to extend credit sustainably in environments where volatility is the norm,” Ogunruku remarks, shortly after the launch.
