Affirm generates a decision on loans within seconds, using nontraditional data such as shopping history and other consumer data publically available, it says. (inc.com)
These lenders typically use one of three models: a balance sheet model with a risk algorithm that includes nontraditional data; a «lender - agnostic» marketplace model that connects you with a variety of lenders; or a peer - to - peer funding platform. (entrepreneur.com)
«Dataminr feeds are like table stakes right now: Most hedge funds need to have it,» says Santo Politi, a founder of Spark Capital, a venture capital firm that was an early backer of Twitter and has a majority stake in a two - year - old hedge fund, Tashtego, that trades on signals from social media and other nontraditional data. (fortune.com)