How can industry standards promote the fair and effective use of alternative credit scoring? How are machine learning and artificial intelligence transforming alternative credit scoring?

Sep 23, 2021 ... Abstract. This paper covers a scoping review to establish the breadth of alternative credit scoring literature. The field is nascent and gaining ... What is alternative credit scoring? Using alternative data for credit scoring is a method that assesses your potential borrower's creditworthiness by looking ... ... W. Meeks and Ritchie Torres Announce Federal Home Loan Bank of New York Now Accepts Alternative Credit Scoring Model. October 28, 2024. Press Release. Utilising alternative data to evaluate a borrower's financial soundness and repayment capability is known as “alternative credit scoring”. This new assessment ... May 10, 2023 ... My analysis shows that alternative credit scoring systems function as a key piece of calculative infrastructure, which allows some institutions ... Oct 17, 2023 ... Nova Credit Lands $45 Million in Funding for Alternative Credit Scoring ... Borderless credit data company Nova Credit has brought in $45 million ... Apr 10, 2025 ... Alternative credit scoring is the act of predicting credit worthiness using alternative data points. Namely, our online behavior — what we ... For decades, traditional credit scoring models have relied on a narrow set of financial data – primarily past loan repayments, credit card usage, ... Feb 16, 2017 ... In the consumer financial marketplace, alternative data refers to information used to evaluate creditworthiness that is not usually part of a ... Alternative credit scoring and financial inclusion : a structural data justice perspective ... This paper explores questions of justice surrounding the use of ...