In your own words:APT - no credit checks examinedAfterpay does...

In your own words:

APT - no credit checks examinedAfterpay does it slightly differently. They skip the application scorecard/credit check process and instead gives customers a smaller limit, of $400. This means that initially APT has a higher credit risk, but also a lower exposure. In ways you could say that they offset each other: Z1P -> credit checks but higher exposure, Afterpay -> no credit checks but lower exposure. Then, like Z1P they rely on they quant models to increase higher quality customers limits as time passes and the quant models get more behavioural data.

Qant models, get your hand off it Daryl. APT go for the bottom of the barrel in terms of target demographic, they don't want the scorecard/credit check as it would be extraordinarily damaging to their model

Prove me wrong, you can't