Monday, 23 May 2016

Data and the credit industry

Jonathan kindly shared this article titled How Data is Changing Credit.

The article provides a brief but interesting commentary on how data are used to assess creditworthiness and can now provide assessments on the lending risk to people who have a relatively low amount of data available about their creditworthiness (and who, in the past, would have been declined a loan on those grounds -- even if really they weren't a bad risk).

What do you think?

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