Seafarers are hard to underwrite. The credit bureau sees gaps where there is steady employment, just offshore and paid in foreign currency.
The signal
Seaman's books cross-referenced with vessel manifests. When both documents check out, name, rank, vessel, dates, you have a verifiable employment record the credit bureau cannot see.
The result
Approval rate: 40% → 71%. Decision time: 31 days → 48 hours. Default rate on the new cohort after six months: within acceptable range.
Floowed's lending and credit document automation handles the full underwriting document workflow, bank statements, payslips, tax returns, with preset flows that go live in days.