Over the last decade, the fintech industry has grown at an exponential rate, revolutionizing how we manage, invest, and transact money. The use of enormous volumes of data is crucial to this transition. Fintechs use data to deliver personalized services, decrease risks, and improve efficiency. However, this rapid evolution creates significant ethical concerns about data… Continue reading The Ethics of Data Sharing in Fintech
Tag: data
What Is Alternative Data for Credit Underwriting, and How Your Lenders Gain Access to It?
Banks, NBFCs, and other financial organizations in the lending business use credit underwriting to assess a borrower’s risk profile. However, using alternative data to evaluate creditworthiness can greatly improve credit assessment accuracy, especially for individuals and enterprises with limited or unusual credit histories. Alternative credit underwriting data refers to information not typically used in the… Continue reading What Is Alternative Data for Credit Underwriting, and How Your Lenders Gain Access to It?