Fiserv unveils new digital mortgage product, giving credit unions a leg up With the $3 billion alternative data industry exploding,...
The desire for increased financial inclusion is a primary driver behind the increased use of alternative data in lending decisions, a new report from LexisNexis Risk Solutions finds.
Freddy Kelly is the CEO and co-founder of Credit Kudos; Credit Kudos is an alternative credit bureau that uses open...
Only 25 percent of the Chinese population is considered to have a traditional credit score; for non bank lenders gathering alternative data like transactions and social media has helped them to identify potential borrowers who the banks will not serve; Ant Financial has built out Sesame Credit who gathers this type of data and other online lenders have also begun using different data pieces to assess risk. Source.
Envestnet | Yodlee discusses their recent webinar Leveraging Alternative Data to Energize Your Lending Portfolio; speakers included Jason O’Shaughnessy, Senior Vice President, EMEA & Australia, Envestnet | Yodlee; Phil Grady, CEO of Castlight Financial; Roger Vincent, Head of Banking & Innovation, Equifax; and Venkat Srinivasan, Head of Lending for Monzo; Gary Wright, Director of Content, Finextra moderated the webinar; the on-demand webinar is available for those that missed the live event. Source
Lenders today have a credit blind spot; this is because of the provision in the government stimulus package that allows...
There are many consumers who have a thin credit file or no credit history at all; a new bill called...
Alternative data helps lenders score previously difficult-to-serve groups like thin- and no-file customers. Lenders seeking to serve those client groups need the right technology in place, Provenir’s executive vice president for North America Kathy Stares said.
The New York Department of Financial Services is allowing life insurers to use nontraditional data in order to determine premium...
At the recent Fintech Nexus USA conference, Isabelle sat down with Lauren Crossett of Pinwheel to talk about using alternative data.