Credit History

The emergence of alternative data has been driven by technological advancements, the proliferation of digital platforms, and the increasing interconnectedness of individuals and businesses in the digital realm. Retail and corporate lending lenders now leverage alternative data to supplement traditional credit assessment methods. By analyzing alternative data sources, lenders can gain insights into an applicant's financial behavior, spending habits, repayment patterns, and potential risk factors. This information aids in making more informed lending decisions, enabling lenders to better assess the creditworthiness of individuals and businesses that might have previously been underserved or overlooked by traditional credit evaluation methods.
  • August 14, 2023
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