Research: Alt lending model outperforms credit score on opening up lending

https://bankautomationnews.com/allposts/retail/research-alt-lending-model-outperforms-credit-score-on-opening-up-lending/
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An academic paper studying anonymized administrative data from fintech lender Upstart Network found its alternative credit-decisioning model could widen the pool of potential borrowers more than traditional credit models. “Invisible Primes: Fintech Lending with Alternative Data” found that a traditional counterfactual model, developed in coordination with the Consumer Financial Protection Bureau (CFPB) and used for […]

https://bankautomationnews.com/allposts/retail/research-alt-lending-model-outperforms-credit-score-on-opening-up-lending/