- “Financial institutions across India and globally are exploring alternative data to obtain insights about money handling and draw inferences for credit risk assessment.
- Financial institutions are now applying advanced analytics, artificial intelligence (AI), and machine learning techniques to expand the creditworthy envelope beyond traditional credit payment history.
- Many players are willing to explore the potential of psychometrics to extract interesting personal insights about lenders. This becomes critical for first-time borrowers, thin-file borrowers, and areas with emerging or no credit bureaus.”
https://www.google.com/amp/s/qz.com/india/1841163/ai-big-data-can-help-indian-banks-move-beyond-just-credit-score/amp/
