What are the cybersecurity risks associated with collecting and using alternative credit data?

Feb 10, 2025 ... OJK Issues Long-Awaited Regulation on Alternative Credit Scoring ... Indonesia's Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has ... 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 ... Utilising alternative data to evaluate a borrower's financial soundness and repayment capability is known as “alternative credit scoring”. This new assessment ... May 2, 2019 ... ... alternative data centric innovations, including alternative scoring techniques, in their markets. ... The credit rating of the business owner must ... Oct 16, 2023 ... Including this alternative data into scoring models will expand homeownership opportunities for creditworthy borrowers and make scores more ... Nov 29, 2021 ... ... loan and how much they should pay. This so-called alternative credit scoring could have profound effects for consumers, many of them ... Dec 13, 2019 ... ... scoring methods for all credit scores. Frequently ... credit scoring systems that will be based on overly-broad alternative information. Oct 26, 2022 ... VantageScore 4.0 is a credit-scoring alternative jointly created by the nationwide consumer reporting agencies (CRAs). VantageScore and ... May 10, 2023 ... My analysis shows that alternative credit scoring systems function as a key piece of calculative infrastructure, which allows some institutions ... Jun 22, 2023 ... Alternative credit scoring enables lenders to assess potential borrowers' financial discipline based on their digital footprints.