Can alternative credit scoring help lenders reach new customer segments?

Mar 17, 2020 ... Pros and cons of alternative credit scoring models. The biggest advantage of alternative credit scoring is that more borrowers can qualify for ... Jan 28, 2025 ... ... alternative credit scoring models that would meet an institutions' legitimate business needs. The CFPB's examiners also noted that financial ... Jan 23, 2018 ... CGAP and Harvesting Inc., a California-based financial technology firm, are partnering to develop a new credit scoring mechanism for smallholder farmers in ... Jan 5, 2022 ... Lenders are increasingly exploring alternative information or data not typically used in credit scoring to determine loan eligibility. Also see Janice Horan, “FICO® Scores and the Credit Underserved. Market.” Paper presented at the Roundtable on Using Alternative Data Sources in Credit Scoring ... Here is useful information on how to assess and analyze alternative data and combine it with so-called traditional data to improve credit risk analytics. May 21, 2024 ... This study explores the potential of utilizing alternative data sources to enhance the accuracy of credit scoring models. Jan 20, 2025 ... My work contributes socially by improving access to finance for the un- and underbanked, as well as academically by filling gaps in research. A ... Dec 13, 2019 ... ... scoring methods for all credit scores. Frequently ... credit scoring systems that will be based on overly-broad alternative information. Moving from the current Classic FICO credit score model to require lenders to use two credit scores generated by the FICO® Score 10 T and the VantageScore® 4.0 ...