User:JMB Shovon/sandbox

AGAM International Ltd. simply known as AGAM, is a UK headquartered SAAS platform which uses AI to create alternative credit score / financial ID s for customers while helping them to learn about finance as well as health and build their own credit scores in real time.

This framework is called the Individual Independence Index (III)™ — acts a stable indicator of an individual’s intention and capacity to repay. 

Strategy
The proprietary technology is driven by a holistic methodology of acquiring non-traditional datasets as customer psychometrics, literacy level, application usage, educational assessments, social media footprints and geolocation. Individual Independence Index (III)™ now works as an alternative credit scoring mechanism that measures higher score reflecting greater likelihood of repayment.

Background
The concept is inspired by the doctrine of Multidimensionality of Poverty particularly the Multidimensional Poverty Measure as developed by the UNDP and Oxford University. Creators of AGAM shared a common belief that poverty is deeper than just monetary deprivation and that it should entail factors such as literacy, healthcare and disempowerment.

AGAM had the vision to establish an index which reflects a person’s capacity to repay through a holistic range of factors which goes beyond a traditional credit scoring method. Therefore, AGAM devised the proprietary Individual Independence Index (III)™ which is formed as a result of 4 years of extensive comparative and empirical research across low income, underbanked and unbanked community across numerous industries and multiple states in Bangladesh and India.

Product and Services
Using own AI enabled platform, AGAM offers a wide range of innovative products such as salary advances, buy now pay later, SME, MSME, Agricultural loans and interactive savings account. The platform functions as SAAS with mobile app front-end support, available as a stack with a plug and play provision for banks, insurance and micro-finance institutes. Requires minimal integration with core system with a fixed set of API s.