Read more about the article Alternative data for credit – what’s out there?

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:
(more…)

Continue ReadingAlternative data for credit – what’s out there?
Read more about the article Solving the Credit Unaware Challenge with Psychometrics

Solving the Credit Unaware Challenge with Psychometrics

At Principa, we engage with clients and organisations across the entire credit lifecycle and track the focus of the South African credit industry. For nearly ten years the focus has consistently been in the collection space, but recently (since early 2021) this has changed and a large number of our clients are focused on acquisitions and originations.

(more…)

Continue ReadingSolving the Credit Unaware Challenge with Psychometrics