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In The Media

Big Data’s Effect on Credit Reporting and Credit Underwriting

by Larry Chiang on September 23, 2013

By Larry Chiang

I get asked all the time: how does big data alter credit algorithms.

In short, how does all this data, currently unused, get used to make better credit answers

Vulgar Four Word Answer: All the debit data

The credit data is already getting collected. Right now, the debit data is not

Massive amounts of Debit data can be used to make credit decisions
https://www.ucms.com/china-credit-bureau-derivation.htm

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