What are the auditing and validation processes for alternative credit scoring models?

Lending in the United States 5. Lending in India 7. Emergence of Digital Lending 7. Consumer Protection Concerns with Alternative Credit Scoring 9. Privacy and ... Oct 24, 2019 ... Alternative credit scoring and predictive models are a solution that would make credit lines for unbanked faster, cheaper, and credit worthy. 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. Oct 31, 2016 ... This is why the technical debate over alternative credit-scoring models in housing finance is both important and politically fraught. 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 ... Jun 22, 2023 ... Alternative credit scoring enables lenders to assess potential borrowers' financial discipline based on their digital footprints. Also see Janice Horan, “FICO® Scores and the Credit Underserved. Market.” Paper presented at the Roundtable on Using Alternative Data Sources in Credit Scoring ... May 21, 2024 ... This study explores the potential of utilizing alternative data sources to enhance the accuracy of credit scoring models. What is alternative credit scoring? Using alternative data for credit scoring is a method that assesses your potential borrower's creditworthiness by looking ... Profit scoring systems, such as the one proposed in the paper, can help lenders to decide their fund allocation. Lenders may select loans to maximize the ...