Transforming Credit Decisions: How Alternative Data is Revolutionizing Loan Management Systems
Traditional credit scoring models have long relied on historical financial records and credit bureau data. However, in today’s digital-first economy, these methods often fail to capture the true creditworthiness of borrowers, especially first-time loan seekers and small business owners. The introduction of alternative data from social profiles, mobile usage, utility payments, and even e-commerce behavior […]
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