How could advancements in natural language processing (NLP) be applied to alternative credit scoring?

While alternative credit scoring may ultimately benefit some consumers, it also poses significant risks. Credit-scoring tools that integrate thousands of ... Jan 10, 2024 ... Alternative data for credit scoring includes information about utility payments, insurance payments, rental payments, public records, and property records. Jun 28, 2023 ... Several fintechs leverage alternative data such as rent payments to help consumers improve their credit scores. For example, RentPlus and ... Jan 30, 2025 ... Indonesia's Financial Services Authority (OJK) has issued a new regulation on the licensing of alternative credit scoring providers (ACS Providers). By: Chi Chi Wu, Carolyn Carter. June 1, 2022 — Issue Brief. Credit scores reflect dramatic and troubling disparities by race. For instance, a 2019 study by ... Utilising alternative data to evaluate a borrower's financial soundness and repayment capability is known as “alternative credit scoring”. This new assessment ... 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 ... Feb 25, 2025 ... Alternative credit scoring models include alternative credit data, such as rent payments or transactional activity, in addition to or as a ... A movement is under way to collect and score alternative data that reflect the many payments credit-underserved individuals routinely make for insurance, ... Dec 13, 2019 ... As with prior developments in the evolution of credit underwriting, including the advent of credit scoring, the use of alternative data and ...