Alternative Credit Scoring
Are lending institutions seeing the full picture of their consumer? Does traditional credit report data tell the full story? Most lenders today are ignoring a wealth of alternative data by relying solely on traditional credit information to make decisions. Enter alternative credit data. With access to alternative credit data, such as alternative financial services, “consumer-permissioned” data, and more, lenders will gain a more complete view of their current and future customers and extend financial services to those that have traditionally not had access in the past.
The session will cover: • How can alternative credit data better inform lending decisions across the entire credit spectrum? • What type of data elements will improve risk assessment? • How is consumer protection and credit indebtedness ensured through alternative credit scoring models?