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
https://www.ucms.com/china-credit-bureau-derivation.htm
ENGR145’s Anchor Concept: Lemonade and Gua Gua Guacamole
It moves you to the right on the entrepreneur bell curve
CEO of Duck9
Stanford University Entrepreneur in Residence, Emeritus
Duck9 = “Deep Underground Credit Knowledge” 9
125 University Avenue/ 100
Palo Alto CA 94301
650-566-9600
650-566-9696 (direct)
650-283-8008 (cell)
****************
Editor of the BusinessWeek Channel “What They Don’t Teach at Business School”
CNN Video Channel: https://ireport.cnn.com/people/larrychiang
Read my last 10 tweets at https://www.Twitter.com/LarryChiang
Author, NY Times Bestseller
“What They Will NEVER Teach You at Stanford Business School” comes out 11-11-14
52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering
Emergency swings and cutting deals as an 9 year old
##########
Duck9 is part of UCMS Inc.
630-705-5555