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Alternative Data – The Champion of Innovative Credit Scoring

September 29, 2021 | Liz Upson

How to improve decisioning accuracy and expand your customer base

Traditional credit scores from Credit Reporting Agencies have historically been the only method to determine the risk of lending to an individual. But there are ways to get a much clearer view of a person’s credit risk and make more accurate lending decisions. There are 2.5 quintillion byes of data created globally every day – including various types of alternative data not captured by traditional credit scores.

64% of lenders/credit providers using alternative data see tangible benefits within only a year. Discover why using alternative data is quickly becoming a competitive advantage for lenders. 

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Alternative Data Infographic