Challenges and Criticisms of Alternative 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. As with prior developments in the evolution of credit underwriting, including the advent of credit scoring, the use of alternative data and analytical methods ... Mar 30, 2020 ... A natural follow-up question is whether we can use the social and mobile footprint vari- ables to come up with an alternate credit scores for ... these scores help lenders quickly assess the risk associated with lending to a particular borrower. Key challenges of MSME access to finance include a lack of ... Feb 10, 2022 ... Alternative data promise to expand access to loans for the more than one in seven adult Americans who lack an established credit score, Chopra ... Jan 30, 2025 ... Indonesia's Financial Services Authority (OJK) has issued a new regulation on the licensing of alternative credit scoring providers (ACS Providers). 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 ... Jun 10, 2020 ... These innovations reflect the continuing evolution of automated underwriting and credit score modeling, offering the potential to lower the cost ... Feb 21, 2017 ... Harder to educate and explain: The more factors that are integrated into a consumer's credit score or into decisions in the credit process, or ... Feb 13, 2023 ... Some financial startups are tapping into alternative data sources as a way of serving consumers who have been shut out of traditional credit ...