There are many consumers who have a thin credit file or no credit history at all; a new bill called...
Only 25 percent of the Chinese population is considered to have a traditional credit score; for non bank lenders gathering alternative data like transactions and social media has helped them to identify potential borrowers who the banks will not serve; Ant Financial has built out Sesame Credit who gathers this type of data and other online lenders have also begun using different data pieces to assess risk. Source.
At the recent Fintech Nexus USA conference, Isabelle sat down with Lauren Crossett of Pinwheel to talk about using alternative data.
Alternative data could be critical to financial inclusion, but industry experts say it isn't all plain sailing. Find out why.
Fintechs have touted the importance of cashflow data in underwriting. This week, the CFPB published their evidence to support the approach.
Alternative data helps lenders score previously difficult-to-serve groups like thin- and no-file customers. Lenders seeking to serve those client groups need the right technology in place, Provenir’s executive vice president for North America Kathy Stares said.
Fiserv unveils new digital mortgage product, giving credit unions a leg up With the $3 billion alternative data industry exploding,...
Freddy Kelly is the CEO and co-founder of Credit Kudos; Credit Kudos is an alternative credit bureau that uses open...
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