Alternative data for credit – what’s out there?

Alternative data for credit assessment has been all the rage over the last 5 years. With globally 3 billion individuals without a credit record, lenders are looking at alternative data to penetrate this untapped market. Alternative data is also being used to complement bureau scores to improve credit decisions particularly in data rich markets meaning that alternative data is particularly useful for both credit aware and unaware. Here is a summary of some of the alternative data sources out there:

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