Sentences with phrase «of alternative data»

The use of alternative data and scoring to bring credit - underserved individuals into the mainstream credit market offers benefits for both lenders and borrowers.

A key reason there's an opportunity to score more consumers today is the growing number of alternative data providers that have entered the market in recent years.

It also offers specific policy recommendations including providing tax credits to promote venture capital investments in minority businesses, as well as tax credits for new low - income entrepreneurs, and encouraging the use by credit rating agencies of alternative data such as rent and utility payments in establishing credit histories.

BattleFin Alternative Data Discovery Day Intrepid 2018 will be the largest gathering of Alternative Data Providers (over 150 expected) and Data Buyers in the United States.

It's also where Data Hunter customers can view live results of the alternative data companies that are participating in The Alternative Data Project.

According to the researchers, such an observation may be of even greater value in contexts where sharks are more rare and use of alternative data collection methods is untenable.

To test the reliability of alternative data streams, researchers tracked and analyzed reports from public health authorities and reputable media outlets posted via social media or their websites during the 2014 - 2015 Ebola epidemic in West Africa and the 2015 Middle East Respiratory Syndrome outbreak in South Korea.

In the bigger picture, it may be time to do this anyway, as the world is changing and new forms of alternative data and machine learning methods of analyzing that data have emerged (which come with their own risks and downsides, of course) that online lending competitors have been taking full advantage of.

However, FICO has touted the usefulness of alternative data such as rent and utility bill payments in scoring consumers with thin credit files.

Use of alternative data in traditional credit scoring would help consumers access the banking system and lower their cost of credit.

Though FICO is more widely used, a greater number of financial institutions are turning to VantageScore due to its use of alternative data.

Babineau and cofounder Lillian Chou started digging into all of the alternative data sources hedge fund managers use, from LinkedIn scrapes to forecast layoffs or watching Google trends.