Market Research Report
Alternative Financial Credit Scoring - Thematic Research
|Published by||GlobalData||Product code||989960|
|Published||Content info||38 Pages
Delivery time: 1-2 business days
|Alternative Financial Credit Scoring - Thematic Research|
|Published: February 15, 2021||Content info: 38 Pages||
Alternative lenders and big tech have developed fundamentally new approaches to credit assessment, incorporating a wider variety of data sources such as history of utility bill payments, rent payments, repayments to payday lenders, social media data, browsing and search history, employment history, educational background, and even psychometric testing. This report explores the alternative approaches to credit scoring that are being deployed in the financial services industry.
The market for alternative credit scoring comprises a vast ecosystem of provider types and business models. Much of it exists, by definition, outside of traditional financial services in the form of alternative lenders, niche fintech providers, and big tech. However, incumbent banks are also innovating, while challenger banks and credit bureaus are launching a variety of new data-driven decision-making techniques - especially in emerging markets.